Reliant Bancorp
| Company type | Public |
|---|---|
| Industry | Financial services |
| Predecessor | Commerce Union Bancshares |
| Founded | 2006 |
| Fate | Merged with United Community Bank (January 2022) |
| Headquarters | Brentwood, Tennessee , United States |
Key people | Charles T. Beasley (Chairman), Ron DeBerry (former CEO), DeVan D. Ard, Jr. (CEO) |
| Products | Commercial banking |
Reliant Bancorp, Inc, previously known as Commerce Union Bancshares, was a financial services company headquartered in Brentwood, Tennessee, USA. The firm was traded on the NASDAQ stock exchange until its integration with United Community Bank in January 2022. It owned Reliant Bank, a commercial banking entity.
History
Established in 2006 as Commerce Union Bank, Commerce Union Bancshares was led by Chairman Charles T. Beasley and CEO Ron DeBerry. The institution merged with Reliant Bank in 2014, forming a combined entity with assets exceeding $650 million. To distinguish itself from a defunct Nashville bank with the same name, the company rebranded as Reliant Bank and moved its headquarters from Springfield to Brentwood, a suburb of Nashville, by September 2015.
Reliant Bancorp debuted on NASDAQ on July 7, 2015. After Ron DeBerry retired in January 2017, DeVan D. Ard, Jr., who had previously been president of both Commerce Union Bancshares and Reliant Bank, took over as CEO. The official corporate name changed to Reliant Bancorp, Inc. on December 31, 2017.
The company grew through acquisitions including Community First, Inc. and its banking subsidiary in Columbia, Tennessee on January 1, 2018, followed by Tennessee Community Bank Holdings, Inc., which owned Community Bank & Trust in Ashland City, Tennessee, on January 2, 2020.
When it merged with United Community Bank in January 2022, Reliant Bancorp operated a network of 24 branches mainly concentrated around the Nashville metropolitan area.