February 19, 2017 3:17 PM ET

Banks

Company Overview of Commerce Union Bancshares, Inc.

Company Overview

Commerce Union Bancshares, Inc. operates as the bank holding company for Commerce Union Bank that provides a range of commercial banking services for businesses and individuals in the Middle Tennessee region and the Nashville-Davidson-Murfreesboro-Franklin Metropolitan Statistical Area. Its deposit products include checking, savings, and money market deposit accounts; certificates of deposit; non-interest-bearing deposit accounts; interest bearing demand deposits; and direct deposits. The company’s loan portfolio comprises residential mortgage loans and mortgage refinancing; commercial, industrial, and agricultural loans; residential and commercial real estate loans; construction, land devel...

1736 Carothers Parkway

Suite 100

Brentwood, TN 37027

United States

Founded in 2006

Phone:

615-221-2020

Key Executives for Commerce Union Bancshares, Inc.

Chairman of the Board, Chief Executive Officer, Chairman of Reliant Bank and Director of Reliant Bank
Age: 69
Total Annual Compensation: $306.2K
President, Director, Chief Executive Officer of Reliant Bank, President of Reliant Bank and Director of Reliant Bank
Age: 61
Total Annual Compensation: $320.0K
Chief Financial Officer, Executive Vice President, Chief Financial Officer of Reliant Bank and Executive Vice President of Reliant Bank
Age: 55
Total Annual Compensation: $222.0K
Compensation as of Fiscal Year 2015.

Commerce Union Bancshares, Inc. Key Developments

Commerce Union Bancshares, Inc. Announces Management Changes, Effective June 30, 2017

Commerce Union Bancshares, Inc. announced that William R. DeBerry will retire as Chairman and CEO of the company, effective June 30, 2017. The board of directors intends to name DeVan D. Ard, Jr., President of Commerce Union Bancshares, Inc. and President and Chief Executive Officer of Reliant Bank, to succeed Mr. DeBerry on his retirement. Mr. DeBerry will continue as a Board member of Commerce Union Bancshares following his retirement as Chairman and CEO. DeVan D. Ard, Jr., age (62), has served as President of Commerce Union Bancshares and President and CEO of Reliant Bank since 2015.

Commerce Union Bancshares, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016

Commerce Union Bancshares, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company announced total interest income was $8,948,000 compared to $8,708,000 for the same period a year ago. Net interest income was $8,043,000 compared to $7,901,000 for the same period a year ago. Income before provision for income taxes was $1,877,000 compared to $2,158,000 for the same period a year ago. Net income attributable to common shareholders was $1,971,000 compared to $1,528,000 for the same period a year ago. Diluted net income attributable to common shareholders, per share was $0.25 compared to $0.21 for the same period a year ago. Book value per common share was $13.75 compared to $13.29 for the same period a year ago. Tangible book value per common share was $12.08 compared to $11.46 for the same period a year ago. Return on average assets was 0.87% compared to 0.71% for the same period a year ago. Return on average stockholders' equity was 7.33% compared to 6.60% for the same period a year ago. Adjusted operating income was $8,915,000 compared to $8,267,000 for the same period a year ago. For the full year, the company announced total interest income was $36,015,000 compared to $29,888,000 for the same period a year ago. Net interest income was $32,652,000 compared to $27,170,000 for the same period a year ago. Income before provision for income taxes was $10,110,000 compared to $8,253,000 for the same period a year ago. Net income attributable to common shareholders was $8,936,000 compared to $5,575,000 for the same period a year ago. Diluted net income attributable to common shareholders, per share was $1.16 compared to $0.86 for the same period a year ago.

Commerce Union Bancshares, Inc. to Report Q4, 2016 Results on Jan 26, 2017

Commerce Union Bancshares, Inc. announced that they will report Q4, 2016 results on Jan 26, 2017

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