First Volunteer to acquire FBD Holding.

First Volunteer, an owner of First Volunteer Bank, agreed to acquire FBD Holding, an owner of Dalton-based First Bank. Financial terms were not disclosed. “This transaction enables us to join forces with a strong and trusted bank that has long been a friendly competitor. The shared community banking philosophy of the two banks is at the center of this combination. And, it is those synergies that ensure customers will experience the same level of dedication and superior service for which First Bank is known. Certainly we believe this is a win-win arrangement for both First Bank and First Volunteer Bank. We are very excited to have this opportunity to work together to better serve our customers and this community at an even higher level," Mitch Sanford, First Bank President and CEO.