M&A Deal Summary

Reliant Bank Acquires First Advantage Bancorp

On October 23, 2019, Reliant Bank acquired financial services company First Advantage Bancorp for 123M USD

Acquisition Highlights
  • This is Reliant Bank’s 2nd transaction in the Financial Services sector.
  • This is Reliant Bank’s largest (disclosed) transaction.
  • This is Reliant Bank’s 2nd transaction in the United States.
  • This is Reliant Bank’s 2nd transaction in Tennessee.

M&A Deal Summary
Date 2019-10-23
Target First Advantage Bancorp
Sector Financial Services
Buyer(s) Reliant Bank
Deal Type Add-on Acquisition
Deal Value 123M USD
Advisor(s) Raymond James - Investment Banking (Financial)
Kilpatrick Townsend & Stockton (Legal)

Target

First Advantage Bancorp

Clarksville, Tennessee, United States
First Advantage Bancorp is a bank holding company that operates eight banking centers in Clarksville, Franklin, and Nashville, Tennessee, and a loan production office in Knoxville, Tennessee, through its wholly-owned subsidiary First Advantage Bank.

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Buyer(S) 1

Buyer

Reliant Bank

Brentwood, Tennessee, United States
Category Company
Founded 2006
Sector Financial Services
Employees428
Revenue 130M USD (2020)
DESCRIPTION

Reliant Bank provides a range of commercial banking services for businesses and individuals. The company operates in two segments, retail banking, and residential mortgage banking. Reliant Bank was formed in 2006 and is based in Brentwood, Tennessee.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Tennessee) 2 of 2
Country (United States) 2 of 2
Year (2019) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-16 Community Bank & Trust

Ashland City, Tennessee, United States

Community Bank & Trust is headquartered in Ashland City, Tennessee, and had approximately $251 million in total consolidated assets, approximately $169 million in gross loans and approximately $208 million in deposits as of June 30, 2019. TCB Holdings operates banking centers in Ashland City, Kingston Springs, Pegram, Pleasant View and Springfield, Tennessee.

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