Gaylon Lawrence Jr. is looking to combine two banks he owns.
Fourth Capital Bank in Nashville, Tenn., is planning to merge with Volunteer State Bank in Portland, Tenn., to create a $1.5 billion-asset bank with 18 branches.
“Middle Tennessee is known for its vibrant and diverse economic climate, and it continues to be one of the fastest growing areas in the nation,” Lawrence said in a press release.
“The decision to merge Fourth Capital into Volunteer State Bank strategically positions the brand to better optimize growth opportunities today, and in the future,” he added.
Volunteer recently announced that Tony Gregory will replace Brian Heinrichs as its chairman, president and CEO.