Volunteer Bancorp in Rogersville, Tenn., has hired an investment bank as it considers selling itself.
The parent of the $104 million-asset Civis Bank said in a press release Thursday that it had hired Banks Street Partners in Atlanta to “assist with a review of strategic alternatives,” including a potential sale.
The company could also look to recapitalize.
Civis has $99.4 million in deposits and branches in the Tennessee markets of Rogersville, Sneedville and Church Hill. It also has a loan production office in Knoxville.