FirstBank completes branch buy in East TN, North Georgia
AUTHORS Geert De Lombaerde
FirstBank executives have completed their purchase and conversion of 10 offices in East Tennessee and North Georgia from Atlantic Capital Bank, a move that brings the lender nearly $600 million in deposits and $385 million in loans.
Downtown-based FirstBank has closed a number of the branches because they are close to existing offices. The company now runs 66 offices and ranks fifth by deposits in the Chattanooga area and sixth in Knoxville.
“This is an outstanding addition in these dynamic markets that strengthens our position as Tennessee’s premier community bank,” Chris Holmes, president and CEO of FirstBank parent FB Financial. “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.”
FB now has total assets of $5.7 billion and $4.1 billion in loans.
FirstBank has again earned a coveted Five-Star Superior Rating from BauerFinancial, the nation’s best bank rating service analyzing and reporting on the financial condition of the nation’s banking industry since 1983. This means we’re one of the strongest financial institutions in the nation. Bank local at FirstBank and bank strong.
For more information on Bauer Financial, visit www.bauerfinancial.com.
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