FB Financial, the Tennessee-based parent of FirstBank, has completed the acquisition of FNB Financial and its wholly-owned subsidiary Farmers National Bank.

Farmers National has nearly $204m in deposits as of 30 June last year and ranks 7th in deposit market share.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Following the acquisition, FirstBank has $6.4bn in assets, $4.6bn in loans and $5.1bn in deposits on a pro forma basis as of 31 December last year.

The acquisition FNB Financial will enable FirstBank to expand its footprint into Bowling Green MSA, Kentucky.

FB Financial president and CEO Chris Holmes said: “This is an outstanding combination of like-minded banks.

“Farmers National has been a pillar of Scottsville for almost 100 years, and we look forward to continuing to deliver the outstanding service and community involvement that Farmers National’s customers and communities have come to expect.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We are thrilled to welcome Farmers National’s associates into the FirstBank family.”

Waller Lansden Dortch & Davis served as legal advisor to FB Financial.

Daniel W. Small & Co served as legal advisor to Farmers National and Mercer Capital served as financial advisor.

Headquartered in Nashville, FB Financial is a bank holding company which operates through its wholly-owned banking subsidiary, FirstBank.

FB Financial acquisitions:

Last month, FB Financial agreed to acquire Franklin Financial Network, the parent of Franklin Synergy Bank, for about $611m.

In April last year, FB Financial completes the acquisition of Atlantic Capital Bank’s 14 branches in East Tennessee and North Georgia.

In August 2017, FB Financial acquired Clayton Banks following the receipt of regulatory nod a month ago.