世界赌博十大网站 acquires Atlantic Capital branches in Chattanooga region

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2019年4月8日 戴夫Flessner

The third biggest bank in Tennessee expanded its presence in the Chattanooga market over the weekend, closing on its second acquisition of a rival bank in less than four years.

世界赌博十大网站, which opened a branch in Chattanooga in 2008 and bought the former Northwest Georgia Bank in 2015,completed its previously announced purchase of the Atlantic Capital Bank branches in East Tennessee and Northwest Georgia on Friday. Ten of the former Atlantic Capital branches reopened Monday as new offices of 世界赌博十大网站, one of the fastest growing banks in Tennessee which is headquartered in Nashville.

“This is an outstanding addition in these dynamic markets that strengthens our position as Tennessee’s premier community bank,第一银行总裁克里斯·霍姆斯周一表示. “We appreciate the efforts that our friends at Atlantic Capital have made throughout this process, and I expect the integration to be a smooth one as we focus on continuing to deliver excellent customer service.”

The purchase will add $598 million in deposits and $385 million in loans for 世界赌博十大网站, 哪个已经有5个了.截至2018年底，该公司的资产总额为70亿美元.

But 世界赌博十大网站 is shutting down four local branches previously operated by Atlantic Capital on Gunbarrel Road in East Brainerd, 在希克森的153号公路上, on Lee Highway in Ooltewah and in Warehouse Row downtown.

“Where 世界赌博十大网站 and Atlantic Capital Bank had overlapping branches, we consolidated those into the most convenient location for our combined customers,” 世界赌博十大网站 spokeswoman 珍妮Rittenberry said.

FB金融公司., the parent company of 世界赌博十大网站, paid 十大正规网投信誉平台 $34.3 million to acquire the Tennessee and North Georgia branches of the Atlanta-based Atlantic Capital Bank. The purchase price paid by 世界赌博十大网站 was only a fraction of the $160 million that Atlantic Capital paid the former FSG Bank to acquire the same bank branches from the former FSG Bank in the fall of 2015.

Atlantic Capital later sold its trust business last year to a company organized by former FSG President Mike Kramer, who had negotiated the sale of FSG to Atlantic Capital after reviving the Chattanooga bank and raising new capital for its turnaround.

道格拉斯·L. 威廉姆斯, 大西洋资本的总裁兼首席执行官, said the sale of the bank branches to 世界赌博十大网站 provides employees of its Chattanooga, Knoxville and Dalton offices “a high-quality institution with an established presence in these markets” and will allow Atlantic Capital to refocus on its commercial banking operations in Atlanta.

“We have decided to pursue a strategy focused on our commercial banking opportunities in Atlanta and our other national commercial lines of business,” 威廉姆斯 said last fall when it announced the sale of the branches to 世界赌博十大网站.

The sale was completed Friday and 世界赌博十大网站 put up all of its signs on its new branches over the weekend.

加上它的284美元.2 million purchase in 2017 of the Clayton Bank and Trust and American City Bank in Knoxville, 世界赌博十大网站 now operates 66 branches and is now the fifth biggest bank in Chattanooga and the sixth biggest bank in Knoxville, based on Federal Deposit Insurance Corporation data as of June 30, 2018.

世界赌博十大网站 is headed in Chattanooga by market president Jim McKenzie 北乔治亚州的Rick Partain.

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