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TREZEVANT (March 1) — Centennial Bank, Trezevant has reached an agreement to acquire Chester County Bank, Henderson, and Farmers & Merchants Bank, Adamsville.
The resulting organization will have approximately $570 million in assets and fifteen branches. The transaction is subject to regulatory approval and is expected to close in early July 2019.
The boards of directors of both organizations have approved the transaction. The purchase price was not disclosed.
Centennial Bank Chairman George Atwood stated, “We recognize this as a strategic opportunity for Centennial Bank which will consolidate our market position as the largest locally-owned and managed community bank dedicated to serving West Tennessee.”