A pair with ties to Reliant Bancorp has raised capital to make a national push with a small bank in the Nashville, Tenn., area.
Dan Dellinger and Farzin Ferdowsi recently raised $20 million for Sonata Bank, while opening an office in Brentwood, according to published reports. It is the second location for Sonata, which recently rebranded Sebree Deposit Bank.
Dellinger is the bank’s president and CEO, while Ferdowsi is chairman. Dellinger was Reliant’s chief financial officer, according to his LinkedIn profile. Ferdowsi was a Reliant director.
“Owners and franchisees in the industry are seeing tremendous growth opportunities but face increasing pressures around employee acquisition and retention,” Dellinger said in a press release.
Reliant was sold in January to United Community Banks in Greenville, S.C.