Reliant Bancorp Inc (RBNC)

Overview

Reliant Bancorp, Inc. serves as the parent company for Reliant Bank, which offers a comprehensive array of commercial banking services tailored to meet the needs of both businesses and individual clients. The bank organizes its operations predominantly into two main sectors: Retail Banking and Residential Mortgage Banking. With a strong commitment to customer service and convenience, Reliant Bank has expanded its footprint across Middle Tennessee, operating 27 full-service branches, 7 mortgage offices in Tennessee and Arkansas, as well as a loan production office in Knoxville, Tennessee. Established in 2006 and rebranded in January 2018 from Commerce Union Bancshares, Inc., Reliant Bancorp is headquartered in Brentwood, Tennessee.

Products and Services

• Deposit Products:

  Reliant Bank offers a variety of deposit options designed to cater to different financial needs. These include checking accounts, savings accounts, money market accounts, certificates of deposit, time deposits, and demand deposit options, which may be interest-bearing or non-interest-bearing.

• Commercial Loans:

  The bank provides financing solutions for commercial, industrial, and agricultural businesses, helping enterprises of all sizes to grow and thrive. This includes tailored loan products that support various business initiatives and operational needs.

• Residential Mortgages:

  Reliant Bank offers residential mortgage options for 1-4 family homes, enabling clients to purchase or refinance their homes with competitive rates and flexible terms.

• Home Equity Lines of Credit (HELOCs):

  Homeowners can utilize the equity in their property to access funds with Reliant's HELOCs, which provide a revolving line of credit for personal expenditures or home improvements.

• Multi-family and Commercial Real Estate Loans:

  The bank presents various loan options for multi-family units and commercial properties, assisting investors in financing real estate ventures.

• Construction and Land Development Loans:

  Reliant Bank supports builders and developers with loans designated for construction projects and land development, facilitating new projects and expansions.

• Farmland Loans:

  Aimed at agricultural enterprises, these loans help farmers acquire or improve their land, ensuring they can maintain and grow their operations.

• Consumer Loans:

  For personal expenditures, Reliant offers consumer loans that can be used for various purposes, including education, medical expenses, or major purchases.

• Lending to State and Political Subdivisions:

  The bank provides specialized lending options for state and political entities, supporting public projects and initiatives.

• Online and Mobile Banking:

  To enhance customer convenience, Reliant Bank offers robust digital banking platforms, allowing customers to manage their accounts, make payments, and deposit checks via mobile devices or online services.

• Debit Cards and Direct Deposit Services:

  Customers benefit from the convenience of debit cards for everyday transactions along with direct deposit services for timely payroll access.