M&A Deal Summary

First Bank Acquires Farmers National Bank

On September 17, 2019, First Bank acquired financial services company Farmers National Bank

Acquisition Highlights
  • This is First Bank’s 3rd transaction in the Financial Services sector.
  • This is First Bank’s 3rd transaction in the United States.
  • This is First Bank’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2019-09-17
Target Farmers National Bank
Sector Financial Services
Buyer(s) First Bank
Deal Type Add-on Acquisition

Target

Farmers National Bank

Danville, Kentucky, United States
Formed in 1879, Farmers National Bank is a provider of a comprehensive variety of financial services and products. The company offers Investment Management; Trusts; Estates; Retirement; 401(k)s; Employee Stock Ownership Plans (ESOPs) and Private Banking with offices located in Danville, Bowling Green and Lexington, Kentucky.

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Buyer(S) 1

Buyer

First Bank

Nashville, Tennessee, United States
Category Company
Founded 1906
Sector Financial Services
Employees1,591
Revenue 478M USD (2023)
DESCRIPTION

First Bank is a bank holding company. FB Financial operates through its wholly owned banking subsidiary, FirstBank, with 45 full-service bank branches across Tennessee, North Alabama and North Georgia, and a national mortgage business with offices across the Southeast. First Bank was incorporated in 1906 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 3 of 4
Sector (Financial Services) 3 of 4
Type (Add-on Acquisition) 2 of 2
State (Kentucky) 1 of 1
Country (United States) 3 of 4
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-08 American City Bank

Tullahoma, Tennessee, United States

American City Bank is a provider of financial services. It operates five branches in Tullahoma, Manchester, Lynchburg and Dechard, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-21 Franklin Financial Network

Franklin, Tennessee, United States

Franklin Financial Network is a provider of deposit and loan products, treasury management, wealth management, trust, and financial planning services for consumers and businesses. Franklin Financial Network was founded in 2007 and is based in Franklin, Tennessee.

Buy -
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