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Volunteer Bancorp, Inc. Completes $47 Million Securities Offering


Volunteer Bancorp, Inc. Completes $47 Million Securities Offering
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Civis Bank
We are incredibly excited to bring together this top-tier blend of talent, knowledge and opportunity to build what we believe will be a world class embedded banking platfor, Chris Black, President and CEO, Volunteer Bancorp, Inc . and Civis Bank.
ROGERSVILLE, Tenn. (PRWEB)
May 10, 2021
Volunteer Bancorp, Inc. (the “Company”), the holding company for Civis Bank (the “Bank”), is pleased to announce that it has concluded an offering of common stock and a newly issued series of non-voting common stock for gross proceeds of approximately $47 million. Patriot Financial Partners, LP and Hermann Companies led the recapitalization of the Company. Proceeds will be used to support the existing business, address the capital regulatory requirements of the Company and the Bank, and enable the Company to ma ....

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FirstBank parent adds CAO


Bank holding company FB Financial has recruited a chief accounting officer from a regional lender with $40 billion in assets.
Keith Rainwater comes to downtown-based FB Financial, the parent of FirstBank, after nearly 14 years at SouthState Corp., which runs more than 280 offices in six Southeastern states. There, the 58-year-old was most recently an executive vice president and its designated principal accounting officer. A graduate of Appalachian State University, Rainwater has more than 25 years of banking experience.
The hiring of Rainwater comes a few months after FirstBank leaders brought on Fannie Mae veteran Josh Weikers as director of mortgage capital markets —
more on that here — as well as Forrest Windham as director of finance. Windham had been senior VP of financial planning and analysis at BBVA USA in Birmingham and has more than 20 years of finance and accounting experience. ....

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Herrington's Lineage eyes downtown Franklin branch


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 last summer, Herrington said, because institutional investors stepped away from projects amid the uncertainty of the pandemic. ....

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