Area community banks Fourth Capital Bank and Volunteer State Bank will merge.
Local businessman Gaylon Lawrence Jr. said in a release the merger will be distinctive in that he privately and solely owns both banks. Fourth Capital is based in Nashville, with Volunteer State headquartered in Sumner County.
The release does not note the name of the future merged entity.
Upon completion of the deal, which is subject to regulatory approval, the combined bank is projected to hold total consolidated assets in excess of $1.5 billion and will operate 18 full-service branches in Middle Tennessee.