Volunteer State Bank is excited to announce the successful completion of its merger with Fourth Capital Bank, effective July 1, 2024. This strategic move unites two robust financial institutions under the Volunteer State Bank umbrella, both previously held by Gaylon Lawrence, Jr., creating a unique alliance poised to benefit communities across Middle Tennessee. While legally merged, Fourth Capital Bank will initially operate as a distinct division of Volunteer State Bank until full system integration is completed, anticipated in 2025.
Tony Gregory, Chairman, President, and CEO of Volunteer State Bank, emphasized the strategic advantages of this partnership. “The alignment with Fourth Capital Bank seamlessly connects our existing market areas and brings together a team of highly skilled professionals who share our commitment to serving as strong financial partners within our communities,” Gregory stated. “This merger reinforces Volunteer State Bank’s long-standing dedication to building a leading community bank in Middle Tennessee and strengthens our ability to foster local economic development.” This acquisition significantly expands the footprint of Vol State Bank and its commitment to the region.
This merger marks a pivotal moment in Volunteer State Bank’s growth strategy, aimed at enhancing the financial services landscape throughout Middle Tennessee. The combined entity will boast assets exceeding $1.6 billion, solidifying Volunteer State Bank’s position as a leading community bank headquartered within the Nashville-Davidson-Murfreesboro-Franklin Metropolitan Statistical Area. This increased scale will allow Vol State Bank to offer an even wider array of services and resources to its growing customer base.
David McDaniel, formerly Chairman, President, and CEO of Fourth Capital Bank, also shared his positive outlook on the merger. “Our mission is clear as we embark on this exciting path of expansion and progress. By joining forces with Volunteer State Bank, we are blending our strengths to further develop a financial institution known for its reliability, efficiency, and deep community ties. Our unwavering commitment remains focused on delivering exceptional service to our clients and making a positive and lasting impact throughout Middle Tennessee,” McDaniel commented. The integration of Fourth Capital Bank into vol state bank promises a strengthened dedication to customer service and community investment.
Upon system integration in 2025, the newly merged 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 role of Chief Banking Officer for the combined organization and will also join the Board of Directors. Tony Gregory will continue to lead as Chairman, President, and CEO. This leadership structure ensures a smooth transition and leverages the expertise from both vol state bank and Fourth Capital Bank.
About Volunteer State Bank
Volunteer State Bank, a privately held and Tennessee-based community bank, proudly holds over $1 billion in assets. Established in 1977, Vol State Bank currently operates 14 full-service branches across Middle Tennessee, serving Davidson, Robertson, Rutherford, Sumner, Williamson, and Wilson counties. Volunteer State Bank is dedicated to providing an enhanced banking experience through a comprehensive suite of banking products and services tailored to consumers and businesses at every stage of their financial journey. For more information on locations, services, and hours, please visit www.volstatebank.com.
Explore the details of this partnership.
