TriStar in Tennessee to Buy Two Branches

TriStar Bank in Dickson, Tenn., is back in the acquisition game less than a year after another deal was terminated.

The $169 million-asset bank will buy two branches from Community South Bank in Parsons, Tenn., the Nashville Business Journal reported Monday. TriStar will assume certain deposits and assets of branches in Columbia Spring Hill from the $497 million-asset Community.

TriStar, which already has four branches in central Tennessee, did not disclose the price it will pay. The sale should close by Dec. 31.

TriStar agreed in July 2011 to buy Heritage Bank & Trust in Columbia, but the deal was delayed last fall after TriStar had trouble assessing a value to Heritage, the Nashville Business Journal reported last year. The deal was called off in November.