FSG Bank

Tennessee, USA-based commercial bank

What is FSG Bank?

FSG Bank was a subsidiary of First Security Group. In 2016, it merged with Atlanta Bank in an all-stock deal that was valued at $160 million. FSG was founded in 1999, in Chattanooga, by Roger Holley. At its peak, the bank operated 36 branch locations and posted more than $1 billion in assets.

 

FSG Bank

 

About the FSG and Atlanta Bank Merger

The merger was announced in March 2015 under the terms that Atlantic Capital would offer approximately $2.35 in share value to FSG shareholders, compared to the company’s closing share price of $2.27 then.

The deal was eventually approved by the board of directors of both banks, as well as their shareholders and the regulators.

Learn more about the deal here.

 

Additional Resources

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