Volunteer Bancorp in Tennessee considering selling itself

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.

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