Finance Notes: Area bank acquired by Kentucky peer
Also: CapStar completes $10M stock buyback
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Also: CapStar completes $10M stock buyback
The Kentucky-based bank plans to acquire the $234 million-asset Sumner Bank & Trust in central Tennessee in a transaction expected to close in the fourth quarter.
Sumner Bank & Trust, Thompson Burton, VUMC announce updates
Herrington — the former CEO of Franklin Financial Network and Civitas BankGroup, among others — and his team launched Lineage shortly before the COVID-19 pandemic arrived and about a year after Herrington resigned from Franklin Financial. They announced agreements to buy Sumner Bank & Trust in Gallatin and Citizens Bank & Trust in Atwood, 80 miles west of Dickson, and said they were scouting for other Tennessee community bank deals. The deal for Citizens — which has assets of about $27 million and essentially broke even in 2020 — has closed, but the Sumner transaction fell apart late...
'Too Tall Bandit' responsible for 16 bank robberies in NC, SC and TN strikes again FBI Charlotte says the same man has been robbing banks for more than a decade and are asking for help to track him down. Author: Natalie Ridley (WCNC) Updated: 4:19 PM EST December 16, 2020 CHARLOTTE, N.C. — Authorities have nicknamed him the 'Too Tall Bandit' and they say he's struck again in North Carolina. FBI Agents say the suspect most recently robbed the United Community Bank in Etowah, North Carolina on Nov. 27. The FBI says the same man has robbed 15 other banks in Nor...