The Bank Slate

INSIGHTS INTO THE BANKING INDUSTRY

First Commerce to buy Peoples Bank of Middle Tennessee

First Commerce Bancorp in Lewisburg, Tenn., has agreed to buy Peoples Bank of Middle Tennessee in Shelbyville.

The holding company for the $653 million-asset First Commerce Bank expects to complete its purchase of the $185 million-asset Peoples Bank in the first quarter. The price wasn’t disclosed.

Peoples Bank has one branch.

Olsen Palmer advised Peoples Bank.

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