FNS Bancshares has agreed to buy Catoosa Bancshares in Fort Oglethorpe, Ga., in all-cash deal.
Studio Bank is set to become Nashville's first new bank since 2008. Organizers raised $46 million earlier this year.
The company will pay $114 million to gain 10 branches and $482 million in assets.
Fulton Financial, Univest Corp. of Pennsylvania and Franklin Financial disclosed a total of $75 million in exposure to the commercial relationship.
As other banks de-emphasize mortgage lending, Citizens is spending half a billion dollars to buy a large originator with a big servicing portfolio.
James Ayers' stake in the Tennessee company will drop below 50% after a planned stock offering.
The Nashville company significantly reduced the 2018 earnings projection for its mortgage business.
Organizers of Studio Bank in Nashville have raised more than $40 million, satisfying the minimum amount set by regulators.
The Alabama bank agreed to buy Peoples Bank for $23 million as part of a plan to target new Southeastern markets.
The company, which completed a major acquisition last year, said tax reform will help it generate a higher return on average assets.
