NASHVILLE & PORTLAND, TN. – June 1, 2024 – Volunteer State Bank, a leading community bank in Middle Tennessee, has officially announced the completion of its merger with Fourth Capital Bank. The legal acquisition, finalized on July 1, 2024, marks a significant expansion for Volunteer State Bank and reinforces its commitment to serving the financial needs of the region. This strategic alliance brings together two strong, privately held banks under the ownership of Gaylon Lawrence, Jr., creating a powerhouse community banking institution.
While legally merged, Fourth Capital Bank will initially operate as an independent division of Volunteer State Bank. This approach ensures a seamless transition for customers as the banks work towards full system integration, anticipated in 2025. Until the systems are unified, customers of Fourth Capital Bank will continue to be served through their existing branches.
Tony Gregory, Chairman, President, and CEO of Volunteer State Bank, emphasized the strategic benefits of the merger. “The alignment with Fourth Capital Bank strategically connects our existing market areas and integrates us with a team of exceptionally talented professionals. Their dedication to serving communities mirrors our own. This partnership strengthens Volunteer State Bank’s established 47-year legacy of being a premier community bank in Middle Tennessee. It also significantly boosts our ongoing mission to drive and support local economic advancement.”
This merger propels Volunteer State Bank forward in its regional growth strategy, significantly enhancing its capacity to support the Middle Tennessee economy. The combined entity will boast assets exceeding $1.6 billion, positioning Volunteer State Bank as one of the largest community banks headquartered within the thriving Nashville-Davidson-Murfreesboro-Franklin Metropolitan Statistical Area. This increased scale will enable the bank to offer an even broader range of services and enhanced financial solutions to its expanding customer base.
David McDaniel, formerly Chairman, President, and CEO of Fourth Capital Bank, also shared his positive outlook on the merger. “As we embark on this exciting phase of growth and progress, our objective is clear. By joining forces with Volunteer State Bank, we are consolidating our strengths to further develop a financial institution characterized by reliability, efficiency, and deep community engagement. Our unwavering commitment remains focused on delivering exceptional service to our clients and making a positive and lasting impact throughout Middle Tennessee.”
Upon completion of the system conversion in 2025, the fully integrated Volunteer State Bank will operate 18 branches across six key Middle Tennessee counties: Davidson, Robertson, Rutherford, Sumner, Williamson, and Wilson. David McDaniel will assume the crucial role of Chief Banking Officer for the combined organization and will also join the Board of Directors. Tony Gregory will continue to lead the merged bank as Chairman, President, and CEO, providing consistent leadership and strategic direction.
About Volunteer State Bank
Founded in 1977, Volunteer State Bank is a privately held, Tennessee-based community bank deeply rooted in Middle Tennessee. With assets exceeding $1 billion prior to the merger, Volunteer State Bank has built a strong reputation for providing personalized banking services. Operating 14 full-service branches across Davidson, Robertson, Rutherford, Sumner, Williamson, and Wilson counties, Volunteer State Bank offers a comprehensive suite of banking products and services tailored to meet the diverse needs of consumers and businesses at every stage of their financial journey. For more detailed information about Volunteer State Bank’s services, branch locations, and operating hours, please visit www.volstatebank.com.
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