Bank Sale in Murfreesboro

Jan 06, 2012 at 10:37 am by bryan


Community First Bank & Trust has sold a Murfreesboro branch to another community lender as it works to ease the concerns of regulators.

The Columbia-based bank made the announcement alongside purchaser Southern Community Bank of Tullahoma in a U.S. Securities & Exchange filing for Community First investors. The announcement marks the first official disclosure by the bank confirming its course of action in trying to improve capital ratios.

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For Southern Community, the acquisition marks an expansion into Murfreesboro beyond the loan production office the bank already here.
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