FB Financial Corporation Completes Merger With Clayton Banks

Merger Will Add to 网上正规网投实体’s 田纳西州essee Footprint in Key Markets

田纳西州纳什维尔.–(BUSINESS WIRE)– FB Financial Corp. (纽约证券交易所:球风硬朗), which operates through its wholly owned banking subsidiary, 网上正规网投实体, announced today it has completed its merger with Clayton Bank and Trust, headquartered in Knoxville, 田纳西州., and American City Bank, headquartered in Tullahoma, 田纳西州.

第一银行是总部位于田纳西州的第三大银行，目前总资产约为4美元.50亿，3美元.0 billion in loans held for investment and $3.6 billion in deposits as of June 30, 2017, on a pro forma basis.

这笔交易大大增加了第一银行在田纳西州主要大都市地区以及社区市场的影响力，包括诺克斯维尔的克莱顿银行和信托分行, 杰克逊, Cookeville, 奥克兰, 卡温顿, 亨德森, Lexington and Friendship; and American City Bank branches in Tullahoma, 曼彻斯特, 林奇堡和戴克德.

在系统转换完成之前，克莱顿银行和美国城市银行的分支机构将以其现有名称作为第一银行的部门运营, which is expected by the end of the year.

“这是两家志趣相投的银行的杰出结合，将使所有参与者——我们的客户——受益, our associates and our shareholders, and it will strengthen 网上正规网投实体’s reputation as a premier bank in the state,” said 网上正规网投实体 President and CEO Christopher T. 福尔摩斯. “我预计整合这些银行的过程会很顺利，因为我们有共同的以关系为基础的客户服务文化. 另外, 客户不应因银行名称的变化而注意到关系或服务的变化.”

Pursuant to the terms of the transaction, 克莱顿HC收到1份,521,200 shares of common stock and $184,200,000 in cash as consideration. 这笔现金支付包括向Clayton HC支付额外的6000万美元，以代替发行6000万美元的次级票据. FB金融公司利用其6月份私募的净收益为Clayton HC提供了现金支付, together with cash on hand. Following the transaction, James W. 艾尔斯, Executive Chairman and majority shareholder, 将继续持有FB金融公司约56%的已发行普通股.

在合并(1)完成之前，Clayton HC还从Clayton银行收到了一份总额为79美元的Clayton银行超额资本分配,500,000, (2) the distribution of certain specified assets, with a book value of approximately $4.8 million, from the Clayton Banks and (3) an approximately $9.3 million cash distribution from the Clayton Banks, 这是一笔用于支付克莱顿银行在收购完成前的盈利所导致的公司所得税负债的金额.

艾尔斯在收购了田纳西州斯科特山的农民州立银行(Farmers State Bank)后创立了第一银行., in 1984, said he looks forward to working with Jim Clayton, 谁将继续留在第一银行担任东田纳西州和专业贷款业务的主席. “Jim Clayton is one of the most successful businessmen in the state of 田纳西州essee, and I am extremely excited 网上正规网投实体 having him on our team.”

In addition to Clayton’s role, 以下新的管理职位将提供一致的领导和本地决策，这是第一银行运营模式的标志:

• 特拉维斯K. 埃德蒙森, who had been CEO of Clayton Bank and Trust since 2013, has been named 网上正规网投实体’s Knoxville Area President.
• 特洛伊D. 马丁, previously President and CEO of American City Bank, will become 网上正规网投实体’s Tullahoma Area President.
• 凯文·N. Kimzey, who served as President of Clayton Bank and Trust, has been named President of 网上正规网投实体 Specialty Lending.

“对于第一银行的每个人来说，这是一个激动人心的时刻，因为我们将继续发展和扩大我们的团队. 我们拥有卓越的产品和以客户为导向的服务的历史，已经成功了一个多世纪,福尔摩斯说. “我们期待着帮助全州更多的人解决他们的个人问题, business and mortgage needs.”

史蒂芬斯公司. served as financial adviser and Alston & Bird, LLP, served as legal adviser to FB Financial Corporation. Olsen Palmer LLC担任财务顾问和Baker, Donelson, Bearman, Caldwell & P干了.C. served as legal adviser to Clayton HC.

网上正规网投实体 FB Financial Corporation

FB金融公司(纽约证券交易所代码:FBK)是一家总部位于田纳西州纳什维尔的银行控股公司. FB Financial operates through its wholly owned banking subsidiary, 网上正规网投实体, the third largest 田纳西州essee-headquartered bank, with 63 full-service bank branches across 田纳西州essee, North Alabama and North Georgia, and a national mortgage business with offices across the Southeast. 第一银行服务于田纳西州五个最大的大都市市场，大约有4美元.5 billion in total assets.

FORWARD-LOOKING STATEMENTS

本新闻稿包含根据1995年《网上正规网投实体》安全港条款作出的“前瞻性陈述”. 除历史事实陈述外，所有陈述均为前瞻性陈述. 您可以通过本公司使用的“相信”等词语来识别这些前瞻性陈述,”“预计,”“预计,”“可能,”“会,”“假设,”“应该,”“预测,”“可以,”“会,”“计划,”“目标,”“估计,”“项目,”“计划,”“潜在,及其他与公司未来业务和财务业绩前景及/或银行和抵押贷款行业及整体经济表现及预期收益有关的未来或其他类似词语和表达, 成本, 公司与克莱顿银行合并的财务影响和整合. 投资者须注意，任何此类前瞻性陈述并非对未来业绩的保证，并涉及可能导致实际结果的已知和未知风险和不确定性, 公司的业绩或成就与未来的结果有重大差异, 该等前瞻性陈述所表达或暗示的业绩或成就.

Forward-looking statements are based on the information known to, and current beliefs and expectations of, the Company’s management and are subject to significant risks and uncertainties. 实际结果可能与这些前瞻性陈述所设想的有重大差异. 许多因素可能导致实际结果与本收益公告中前瞻性陈述的预期存在重大差异，包括, 但不限于, the risks and other factors set forth in the Company’s December 31, 2016, 形成10 - k, filed with the SEC on March 31, 2017, 标题为“前瞻性声明的警示性说明”和“风险因素”.” Many of these factors are beyond the Company’s ability to control or predict. The Company believes the forward-looking statements contained herein are reasonable; however, undue reliance should not be placed on any forward-looking statements, 哪些是基于当前的期望，并且只在它们制作的日期发言. 本公司不承担因新信息而更新任何前瞻性陈述的义务, future developments or otherwise, except as otherwise may be required by law.