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BRIEF-Commerce Union Bancshares and Reliant Bank to merge with Community First and Community First Bank & Trust
August 23, 2017 / 1:12 PM / 3 months ago

BRIEF-Commerce Union Bancshares and Reliant Bank to merge with Community First and Community First Bank & Trust

Aug 23 (Reuters) - Commerce Union Bancshares Inc

* Press Release - Commerce Union Bancshares, Inc. and Reliant Bank to merge with Community First, Inc. and Community First Bank & Trust

* Commerce Union Bancshares - ‍All-stock transaction valued at about $59.0 million based on closing price of Commerce Union’s common stock on August 22​

* Says ‍proposed transaction has received approval from board of directors of each company​

* Commerce Union Bancshares - ‍At deal closing and subject to commerce union shareholder approval, commerce union plans to change name to Reliant Bancorp

* Commerce Union Bancshares Inc - ‍Shareholders of Community First will receive 0.481 shares of co’s stock for each share of Community First common stock​

* Commerce Union Bancshares Inc says deal for ‍$11.74 per share​ Source text for Eikon: Further company coverage:

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