0001157523-18-000641.txt : 20180329 0001157523-18-000641.hdr.sgml : 20180329 20180329083534 ACCESSION NUMBER: 0001157523-18-000641 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180327 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20180329 DATE AS OF CHANGE: 20180329 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Reliant Bancorp, Inc. CENTRAL INDEX KEY: 0001606440 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 371641316 STATE OF INCORPORATION: TN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37391 FILM NUMBER: 18720635 BUSINESS ADDRESS: STREET 1: 1736 CAROTHERS PARKWAY STREET 2: SUITE 100 CITY: BRENTWOOD STATE: TN ZIP: 37027 BUSINESS PHONE: 615-221-2020 MAIL ADDRESS: STREET 1: 1736 CAROTHERS PARKWAY STREET 2: SUITE 100 CITY: BRENTWOOD STATE: TN ZIP: 37027 FORMER COMPANY: FORMER CONFORMED NAME: Commerce Union Bancshares, Inc. DATE OF NAME CHANGE: 20140424 8-K 1 a51780530.htm RELIANT BANCORP, INC. 8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC  20549

FORM 8-K

CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of earliest event reported: March 27, 2018

Reliant Bancorp, Inc.
(Exact Name of Registrant as Specified in its Charter)


Tennessee

 

001-37391

 

37-1641316

(State or Other Jurisdiction of
Incorporation)

(Commission File Number)

(IRS Employer Identification No.)


1736 Carothers Parkway, Suite 100

Brentwood, Tennessee

 

37027

(Address of Principal Executive Offices)

(Zip Code)

(615) 221-2020
(Registrant’s telephone number, including area code)
 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


Item 8.01        Other Events

On March 27, 2018, the Board of Directors of Reliant Bancorp, Inc. declared a $0.08 per share cash dividend. The dividend is payable on April 20, 2018, to shareholders of record as of the close of business on April 10, 2018.  A copy of the press release is attached as Exhibit 99.1 to this report.

Item 9.01        Financial Statements and Exhibits

            (d)        Exhibits

                         99.1        Press Release issued by Reliant Bancorp, Inc., dated March 29, 2018.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

RELIANT BANCORP, INC.

 

Date: March 29, 2018

 

 

/s/ DeVan D. Ard, Jr.

DeVan D. Ard, Jr.

Chairman, President, and Chief Executive Officer


EXHIBIT INDEX

EX-99.1 2 a51780530ex99_1.htm EXHIBIT 99.1

Exhibit 99.1

Reliant Bancorp, Inc. Increases Quarterly Cash Dividend by 33% To $0.08 Per Share

BRENTWOOD, Tenn.--(BUSINESS WIRE)--March 29, 2018--Reliant Bancorp, Inc. (“Reliant Bancorp”) (Nasdaq: RBNC), the parent company for Reliant Bank, announced today that its Board of Directors declared a cash dividend of $0.08 per share. The $0.08 per share dividend is payable on April 20, 2018, to shareholders of record as of the close of business on April 10, 2018.

“We are pleased to announce that our Board of Directors approved a 33% increase in our cash dividend per share compared with the same quarterly dividend paid last year,” stated DeVan D. Ard, Jr., Chairman, President and Chief Executive Officer. “The increased dividend highlights our record results for 2017, surpassing our goal of $1 billion in assets for the year, and the completion of the merger with Community First effective January 1, 2018. Our Board of Directors remains focused on building long-term shareholder value through our cash dividend program.

“We remain very positive about our growth opportunities in 2018. We expect to report solid growth in earnings, assets and deposits in the first quarter of 2018 due to the merger with Community First and the continued organic growth from our legacy Reliant Bank offices,” concluded Ard.

About Reliant Bancorp and Reliant Bank

Reliant Bancorp, Inc. is a Brentwood, Tennessee-based bank holding company which operates banking centers in Davidson, Robertson, Sumner, Williamson, Maury and Hickman counties, Tennessee along with loan and deposit production offices in Rutherford and Hamilton counties, Tennessee, through its wholly-owned subsidiary Reliant Bank. Reliant Bank is a full-service commercial bank that offers a variety of deposit, lending and mortgage products and services to business and consumer customers. As of December 31, 2017, Reliant Bancorp had approximately $1.1 billion in total assets, approximately $772 million in loans and approximately $883 million in deposits. For additional information, locations and hours of operation, please visit their website at www.reliantbank.com.

Forward Looking Statements

All statements, other than statements of historical fact, included in this release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words “believe,” “anticipate,” “expect,” “may,” “will,” “assume,” “should,” “predict,” “could,” “would,” “intend,” “targets,” “estimates,” “projects,” “plans,” “potential” and other similar words and expressions of the future are intended to identify such forward-looking statements, but other statements not based on historical information may also be considered forward-looking, including statements about the benefits to Reliant Bancorp of the Community First merger, Reliant Bancorp’s future financial and operating results (including the anticipated impact of the transaction on the combined company’s earnings per share and tangible book value) and Reliant Bancorp’s plans, objectives and intentions.

All forward-looking statements are subject to risks, uncertainties and other factors that may cause the actual results, performance or achievements of Reliant Bancorp to differ materially from any results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, (1) the risk that the cost savings and any revenue synergies from the Community First merger may not be realized or take longer than anticipated to be realized, (2) the ability of Reliant Bancorp to meet expectations regarding the accounting and tax treatment of the transaction, (3) the effect of the announcement or completion of the transaction on employee and customer relationships and operating results (including, without limitation, difficulties in maintaining relationships with employees and customers), (4) the risk that integration of Community First’s operations with those of Reliant Bancorp will be materially delayed or will be more costly or difficult than expected, (5) the amount of costs, fees, expenses, and charges related to the transaction, (6) reputational risk and the reaction of the parties’ customers, suppliers, employees or other business partners to the transaction, (7) the dilution caused by Reliant Bancorp’s issuance of additional shares of its common stock in the transaction, and (8) general competitive, economic, political and market conditions. Additional factors which could affect the forward-looking statements can be found in Reliant Bancorp’s annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) and available on the SEC’s website at http://www.sec.gov. Reliant Bancorp believes the forward-looking statements contained herein are reasonable; however, undue reliance should not be placed on any forward-looking statements, which are based on current expectations and speak only as of the date that they are made. Reliant Bancorp disclaims any obligation to update or revise any forward-looking statements contained in this release, which speak only as of the date hereof, whether as a result of new information, future events or otherwise.

CONTACT:
Reliant Bancorp, Inc.
DeVan Ard, 615-221-2020
Chairman, President and Chief Executive Officer