Blountville
38° F
Partly Cloudy
Partly Cloudy
Greeneville
38° F
Partly Cloudy
Partly Cloudy
Abingdon
44° F
Clear
Clear
Advertisement

TriSummit Bank to merge with Community National Bank

Published On: Jan 14 2014 01:00:59 PM CST
Updated On: Jan 14 2014 03:04:04 PM CST
TRISUMMIT
KINGSPORT, Tenn. -

A Kingsport-based bank chain is growing.

On Tuesday TriSummit Bank plans to merge with Community National Bank, which is headquartered in Morristown, Tennessee. The more than $10 million dollar move will expand TriSummitt Bank to seven financial centers and better serve the community overall.

President and CEO Lynn Shipley Junior said, "We are both very much involved in non-profit organizations like the United Way, so we'll continue that involvement and increase it over time."

The deal should close some time between April and June, once it's approved by shareholders of Community National Bank and federal regulators.