Reliant completed the acquisition of First Advantage for $123m.

Reliant, the parent company for Reliant Bank, completed the acquisition of First Advantage, the parent company for First Advantage Bank, for $123m. Based on December 31, 2019 financial data, the combined company had total consolidated assets of approximately $2.9bn, deposits of approximately $2.4bn, and gross loans of approximately $2.2bn. “We are pleased to announce the completion of the First Advantage acquisition and excited about its potential to accelerate our future growth opportunities. First Advantage Bank brings a strong lending team with offices in our existing markets of Davidson County and Williamson County. The acquisition will also provide loan portfolio diversification for Reliant with the addition of a specialized lending team focused on manufactured housing, primarily in the Southeastern United States,” DeVan Ard, Jr., Reliant Chairman, President, and Chief Executive Officer.