FIG Has Now Completed 35 M&A Transactions
Totaling More Than $2.3 Billion Since 2015
ATLANTA, March 28, 2017 — FNS Bancshares, Inc., the holding company for FNB Bank, announced it will acquire Commerce Bancshares, Inc., and its Tennessee subsidiary, Peoples State Bank of Commerce.
Peoples State Bank, with $155 million in assets, will become part of FNB Bank. The transaction is expected to close in the third quarter of 2017.
Located in Alabama, FNB Bank currently has $375 million in assets.
FIG Partners served as financial advisor to FNS Bancshares, Inc. The FIG team included Matthew Veneri, Managing Principal and Co-Head of Investment Banking and Eric Lawless, Principal and Head of Corporate Development.
“FNB Bank is committed to strategic, thoughtful growth, and we believe that the combination of these two very similar banks is a perfect illustration of that,” said President and CEO Stephen Rownd. “Ultimately, growth is about finding new and better ways to serve our customers, and we believe this acquisition will do just that.”
To learn more about FIG Partners, visit www.figpartners.com.