12/31/2023 0 Comments Western finance gallatin tn![]() “The mergers of Citizens Bank & Trust Company and Sumner Bank & Trust into Lineage are designed to deliver enhanced value to the stakeholders of both banks,” said Keith Hatley, the President and Chief Executive Officer of Sumner Bank & Trust. This will enable them to grow their customer base and build on their solid reputations within their communities. “We have been dedicated to serving our customers and community for more than 80 years,” said Citizens Bank & Trust Company Chairman and Chief Executive Officer, Paul Moore, “and we look forward to growing in our capabilities with Lineage to continue to meet the expanding needs of our community and surrounding counties on the foundation of trust we’ve built for generations.”īoth banks will keep their local names and focus while enhancing their local financial leadership through the technology and capital of Lineage. Lineage intends to preserve the legacies of both Citizens Bank & Trust Company and Sumner Bank & Trust as they continue to serve their communities. When the acquisitions are completed and closed, Sumner Bank & Trust and Citizens Bank & Trust Company will each be separately-operated, wholly-owned bank subsidiaries of Lineage. Lineage has also agreed to merge with Bumpushares, Inc., the parent company of Citizens Bank & Trust Company, with the intent of becoming a registered bank holding company. The two banks being acquired are Sumner Bank & Trust, which was founded in 2005 and is headquartered in Gallatin, Tenn., and Citizens Bank & Trust Company, founded in 1927 and headquartered in Atwood, Tenn. ![]() (Lineage) announced today the concurrent signing of two separate merger agreements, resulting in Lineage owning and operating two community banks in middle Tennessee and west Tennessee under each bank’s existing name and legacy reputation. NASHVILLE, Tenn.-( BUSINESS WIRE)-Lineage Financial Network, Inc. ![]()
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