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Last $15.00 USD
Change Today -0.08 / -0.53%
Volume 100.0
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

commerce union bancshares in (CUBN) Snapshot

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52 Week High
03/24/15 - $15.50
52 Week Low
05/27/14 - $12.01
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commerce union bancshares in (CUBN) Details

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. The company offers checking, savings, and money market deposit accounts; certificates of deposit; non-interest-bearing accounts; interest bearing demand deposits; individual retirement accounts; and direct deposits. It provides business loans; lines of credit; personal loans; residential mortgage loans and mortgage refinancing; debit cards; safe deposit boxes; and official bank checks. The company’s loan portfolio include commercial and agricultural production, residential real estate, construction and land development, commercial and agricultural real estate, and other loans, as well as home equity lines of credit, multifamily real estate mortgages, consumer loans, and loans to municipalities; and consumer installment loans. Commerce Union Bancshares, Inc. was founded in 2006 and is based in Brentwood, Tennessee.

130 Employees
Last Reported Date: 01/30/15
Founded in 2006

commerce union bancshares in (CUBN) Top Compensated Officers

Chief Executive Officer and Chairman of Comme...
Total Annual Compensation: $283.9K
Chief Retail Officer, Executive Vice Presiden...
Total Annual Compensation: $201.1K
Executive Vice President
Total Annual Compensation: $184.4K
Chief Information Officer
Total Annual Compensation: $177.5K
Compensation as of Fiscal Year 2014.

commerce union bancshares in (CUBN) Key Developments

Sharon Edwards Joins Commerce Union Bancshares, Inc.'s Board of Directors

The directors of Commerce Union Bancshares, Inc. appointed Sharon Edwards as a member of the board and as Lead Independent Director. She was also selected by the board of directors as chair of the audit committee, and will serve on the board of directors of Commerce Union Bank. Edwards is currently the Chief Financial Officer of Willis North America, a unit of Willis Group Holdings. She joined Willis in 1991 and has extensive financial and operational expertise.

Commerce Union Bancshares, Inc. Announces Management Changes; Amendments to its Charter

Effective April 1, 2015, Commerce Union Bancshares, Inc. completed its previously announced merger whereby Reliant Bank (Reliant) was merged with and into Commerce Union's subsidiary bank, Commerce Union Bank. William Ronald DeBerry, who served as President and Chief Executive Officer of Commerce Union and Commerce Union Bank, as well as a director of both Commerce Union and Commerce Union Bank and chairman of the board of directors of Commerce Union immediately prior to the merger, shall remain the Chief Executive Officer of Commerce Union pursuant to that certain Employment Agreement, dated as of April 1, 2015, by and between Mr. DeBerry and Commerce Union and shall remain chairman of the board of directors of Commerce Union immediately following the consummation of the merger. DeVan D. Ard, Jr., who served as President and Chief Executive Officer of Reliant immediately prior to the merger, became President of Commerce Union. J. Daniel Dellinger, who served as Executive Vice President and Chief Operating Officer of Reliant immediately prior to the merger, became the Chief Financial Officer Commerce Union pursuant to that certain Employment Agreement, dated as of April 1, 2015. Mr. Dellinger succeeds Mr. Rick Murray as the Chief Financial Officer of Commerce Union. Mr. Murray now serves as Chief Information Officer for Commerce Union. Michael S. McKeown, who served as Chief Financial Officer of Reliant immediately prior to the merger, became Chief Accounting Officer of Commerce Union. Former Commerce Union directors Jane Ellis Bellar, Gwendolous Verdella Martin, Nancy Jo Martin, William Robert McKinney, Jr., Leland Gray Scott, Jr. and Marvin LeRoy Smith resigned from Commerce Union's board of directors immediately prior to the merger on April 1, 2015. Homayoun Aminmadani, DeVan D. Ard, Jr., Farzin Ferdowsi, Darrell S. Freeman, Sr., and James R. Kelley, who served on Reliant's board of directors immediately prior to the merger, joined the board of directors of Commerce Union. Each such individual will serve until Commerce Union's next annual meeting of shareholders or their earlier resignation or removal under Commerce Union's bylaws and will be nominated for election at the first Commerce Union annual meeting of shareholders following the expiration of their initial term. Effective April 1, 2015, the company filed Articles of Amendment to the Commerce Union Bancshares, Inc. Amended and Restated Charter to change the company's principal office to 1736 Carothers Parkway, Suite 100, Brentwood, Tennessee 37027.

Commerce Union Bancshares, Inc. (Springfield TN) and Reliant Bank Announce Management Appointments of Combined Bank

Commerce Union Bank and Reliant Bank have signed a merger agreement that will put the bank's combined headquarters in Brentwood. Reliant Bank CEO DeVan Ard Jr. will serve as CEO of the combined bank. Reliant board chairman Farzin Ferdowsi will serve as the chairman of the combined board.


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