TriSummit Bank to merge with Community National Bank

POSTED: 2:00 PM Jan 14 2014   UPDATED: 4:04 PM Jan 14 2014
TRISUMMIT
KINGSPORT, Tenn. -

A Kingsport-based bank chain is growing.

On Tuesday TriSummit Bank plans to merge with Community National Bank, which is headquartered in Morristown, Tennessee. The more than $10 million dollar move will expand TriSummitt Bank to seven financial centers and better serve the community overall.

President and CEO Lynn Shipley Junior said, "We are both very much involved in non-profit organizations like the United Way, so we'll continue that involvement and increase it over time."

The deal should close some time between April and June, once it's approved by shareholders of Community National Bank and federal regulators.