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On April 28, 2014, Commerce Union Bancshares, Inc. ("Commerce Union") and Reliant Bank jointly announced the signing of a definitive agreement to merge Commerce Union Bank (the wholly-owned subsidiary of Commerce Union) and Reliant Bank. The combined bank is expected to have approximately $655 million in total assets, $514 million in gross loans, $512 million in deposits and $75 million in total equity based upon financial data as of March 31, 2014.
For additional details, please see the press release dated April 28, 2014 listed under the Investor Relations section of this website.