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  6. TriSummit Bank Acquires Community National Bank of the Lakeway Area

M&A Deal Summary

TriSummit Bank Acquires Community National Bank of the Lakeway Area

On January 14, 2014, TriSummit Bank acquired financial services company Community National Bank of the Lakeway Area

Acquisition Highlights
  • This is TriSummit Bank’s 1st transaction in the Financial Services sector.
  • This is TriSummit Bank’s 1st transaction in the United States.
  • This is TriSummit Bank’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2014-01-14
Target Community National Bank of the Lakeway Area
Sector Financial Services
Buyer(s) TriSummit Bank
Deal Type Add-on Acquisition
Advisor(s) Monroe Financial Partners (Financial)
Bryan Cave Leighton Paisner (BCLP) (Legal)

Target

Community National Bank of the Lakeway Area

Morristown, Tennessee, United States
Community National Bank of the Lakeway Area is a locally-owned community bank located in Hamblen and Jefferson Counties, Tennessee.

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Buyer(S) 1

Buyer

TriSummit Bank

Kingsport, Tennessee, United States
Category Company
Founded 2007
Sector Financial Services
DESCRIPTION

TriSummit Bank is a community bank that serves East Tennessee and Southwest Virginia with strong, client and community focused leadership, state-of-the-art financial centers and a full complement of technology based services. TriSummit Bank is headquartered in Kingsport, Tennessee.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1
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