Market Overview

FB Financial Corporation Completes Branch Acquisition


Adds 10 Branches to Its East Tennessee and North Georgia Footprint

Adds $598 Million in Deposits and $385 million in Loans

FB Financial Corporation (NYSE:FBK) announced today the completion,
effective April 5, 2019, of the previously announced acquisition by its
subsidiary, FirstBank, of the branch locations in East Tennessee and
North Georgia of Atlantic Capital Bank, N.A., a wholly-owned subsidiary
of Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) (collectively,
"Atlantic Capital").

After assuming $598 million in deposits and $385 million in loans with
the acquisition, FirstBank, the third-largest Tennessee-headquartered
bank, has approximately $5.7 billion in assets, $4.1 billion in loans
held for investment and $4.8 billion in deposits on a pro forma basis as
of December 31, 2018.

The acquisition adds customer relationships and additional branch
locations in the Knoxville and Chattanooga markets while expanding into
the nearby Dalton, Georgia market. FB Financial now operates 66 branches
across its footprint and pro forma ranks 5th in Chattanooga, 6th
in Knoxville and 6th in Tennessee in deposit market share,
based on Federal Deposit Insurance Corporation data as of June 30, 2018.

The acquired Atlantic Capital branches are now fully operational and
have either been rebranded as FirstBank branches or merged into existing
FirstBank locations. Atlantic Capital customer accounts have now been
fully converted to FirstBank accounts.

"This is an outstanding addition in these dynamic markets that
strengthens our position as Tennessee's premier community bank,"
remarked Christopher T. Holmes, President and Chief Executive Officer of
FB Financial. "We are thrilled to welcome Atlantic Capital's customers
and associates to the FirstBank family and look forward to serving you.
We appreciate the efforts that our friends at Atlantic Capital have made
throughout this process, and I expect the integration to be a smooth one
as we focus on continuing to deliver excellent customer service."

Keefe, Bruyette & Woods, Inc. served as financial advisor, and Waller
Lansden Dortch & Davis, LLP served as legal advisor to FB Financial
Corporation. Sandler O'Neill + Partners, L.P. and Banks Street Partners,
LLC served as financial advisors, and Womble Bond Dickinson (US) LLP
served as legal advisor to Atlantic Capital Bancshares, Inc.


FB Financial Corporation (NYSE:FBK) is a bank holding company
headquartered in Nashville, Tennessee. FB Financial operates through its
wholly owned banking subsidiary, FirstBank, the third largest
Tennessee-headquartered bank, with 66 full-service bank branches across
Tennessee, North Alabama and North Georgia, and mortgage offices across
the Southeast. FirstBank serves five of the largest metropolitan markets
in Tennessee and has approximately $5.7 billion in assets.


This news release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, that
have been made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. You can identify these
forward-looking statements in some cases through FB Financial's use of
words such as "believes," "anticipates," "expects," "may," "will,"
"assumes," "should," "predicts," "could," "would," "intends," "targets,"
"estimates," "projects," "plans," "potential" and other similar words
and expressions of the future or otherwise regarding the proposed
acquisition, including the timing, anticipated benefits and financial
impact thereof, and the outlook for FB Financial's future business and
financial performance.

These forward-looking statements include, without limitation, statements
relating to the anticipated benefits and financial impact of the
acquisition by the Bank of the acquired Atlantic Capital branches,
including acceptance by the customers of the acquired Atlantic Capital
branches FB Financial's products and services, the opportunities to
enhance market share in certain markets, market acceptance of FB
Financial generally in new markets, expectations regarding future
investment in the acquired Atlantic Capital branches' markets and the
integration of the acquired Atlantic Capital branches' operations.
Forward-looking statements are based on the information known to, and
current beliefs and expectations of, FB Financial's management and are
subject to significant risks and uncertainties. Actual results may
differ materially from those contemplated by such forward-looking
statements. A number of important factors could cause actual results to
differ materially from those contemplated by the forward-looking
statements in this new release including, without limitation, the
possibility that any of the anticipated benefits of the acquisition will
not be fully realized or will not be realized within the expected time
period; the effect of the announcement of the closing of the acquisition
on employee and customer relationships and operating results (including,
without limitation, difficulties in maintaining relationships with
employees and customers); general competitive, economic, political and
market conditions and fluctuations; and the other risk factors set forth
in FB Financial's December 31, 2018 Form 10-K, filed with the Securities
and Exchange Commission on March 12, 2019, under the captions
"Cautionary note regarding forward-looking statements" and "Risk
factors". Many of these factors are difficult to foresee and are beyond
FB Financial's ability to control or predict. FB Financial believes the
forward-looking statements contained herein are reasonable; however,
undue reliance should not be placed on any forward-looking statements,
which are based on current expectations and speak only as of the date
that they are made. FB Financial does not assume any obligation to
update any forward-looking statements as a result of new information,
future developments or otherwise, except as otherwise may be required by

View Comments and Join the Discussion!