0001157523-18-002601.txt : 20181218 0001157523-18-002601.hdr.sgml : 20181218 20181218165022 ACCESSION NUMBER: 0001157523-18-002601 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20181218 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20181218 DATE AS OF CHANGE: 20181218 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: 181241078 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 a51915674.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: December 18, 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 December 18, 2018, the Board of Directors of Reliant Bancorp, Inc. declared a $0.09 per share cash dividend. The dividend is payable on January 18, 2019, to shareholders of record as of the close of business on January 8, 2019.  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 December 18, 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: December 18, 2018

 

 

/s/        DeVan D. Ard, Jr.

DeVan D. Ard, Jr.

Chairman, President, and Chief Executive Officer


EXHIBIT INDEX

EX-99.1 2 a51915674ex99_1.htm EXHIBIT 99.1

Exhibit 99.1

Reliant Bancorp, Inc. Increases Cash Dividend to $0.09 Per Share

BRENTWOOD, Tenn.--(BUSINESS WIRE)--December 18, 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 $0.09 per share. The new dividend represents a 12.5% increase from the $0.08 per share paid in the third quarter of 2018 and a 50% increase from the cash dividend paid in the fourth quarter of 2017. The $0.09 per share cash dividend is payable on January 18, 2019, to shareholders of record as of the close of business on January 8, 2019.

“This quarter’s 12.5% increase in the cash dividend highlights Reliant’s solid performance and strong balance sheet,” stated DeVan D. Ard, Jr., Chairman, President and Chief Executive Officer. “This dividend represents a 50% increase in our cash dividend per share compared with the same quarterly dividend paid last year. We believe that our growth in the cash dividend demonstrates our Board of Director’s commitment to building long-term shareholder value through this program.”

About Reliant Bancorp and Reliant Bank

Reliant Bancorp, Inc. is a Brentwood, Tennessee-based bank holding company which, through its wholly owned subsidiary Reliant Bank, operates banking centers in Davidson, Hamilton, Hickman, Maury, Robertson, Rutherford, Sumner, and Williamson counties, Tennessee. 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 September 30, 2018, Reliant Bancorp, Inc. had approximately $1.7 billion in total consolidated assets, approximately $1.2 billion in loans, and approximately $1.4 billion in deposits. For additional information, please visit our 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 Reliant Bancorp’s future financial and operating results 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 effect of interest rate increases on the cost of deposits; (2) unanticipated weakness in loan demand or loan pricing; (3) greater than anticipated adverse conditions in the national or local economies in which we operate, including Middle Tennessee; (4) lack of strategic growth opportunities or our failure to execute on those opportunities; (5) deterioration in the financial condition of borrowers resulting in significant increases in loan losses and provisions for those losses; (6) the ability to grow and retain low-cost core deposits and retain large, uninsured deposits; (7) the impact of competition with other financial institutions, including pricing pressures and the resulting impact on Reliant Bancorp’s results, including as a result of compression to net interest margin; (8) our ability to effectively manage problem credits; (9) our ability to successfully implement efficiency initiatives on time and in amounts projected; (10) our ability to successfully develop and market new products and technology; (11) the vulnerability of Reliant Bank’s network and online banking portals, and the systems of parties with whom we contract, to unauthorized access, computer viruses, phishing schemes, spam attacks, human error, natural disasters, power loss, and other security breaches; and (12) changes in laws or regulations. 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