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This is Brentwood-based Reliant's first retail acquisitionj and will markthe bank'x second expansion in the past seven months. “Thisz is an excellent opportunityh for us to expand furthere into Williamson County and provide added convenience to our Reliant Bank President and CEO DeVanArd Jr. says in a “The Magna Bank team has buil a reputation for service to its customers that matcour own.
” Ard said he expects the transition to be completecd in the third quarter, subject to approva by the bank regulators for both Reliant and The acquisition will not impact Magna Bank's mortgage division, whicuh the Memphis-based bank plans to grow in Greater Nashville, Magna Bank President and CEO Kirk Bailehy says in the release. “We are delighted to have workede out an arrangement for Reliant Bank to continue to providr traditional banking services to ourBrentwood customers” he Reliant has other plans for with a fourth branch loction slated to open on Soutuh Royal Oaks Boulevard in Franklin befors October, followed by a fifth locationn in Green Hills by January.
Formede in 2006, Reliant now has aboutg $355 million in assets.
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