News
Woman Injured in Monday Night Crash
July 14, 2020
By: Dwayne Page
One person was injured in a car crash Monday night on Ferrell Road in the Blue Springs Community.
Donna Bogle was driving a Nissan Quest when the vehicle went off the road and flipped up on its side trapping her inside.
Members of the DeKalb County Volunteer Fire Department’s Extrication and Rescue Team responded along with the Blue Springs Fire Station to help Bogle from the vehicle. She was taken by DeKalb EMS to Ascension Saint Thomas DeKalb Hospital.
Parent Company of Liberty State Bank to acquire American Bank & Trust
July 14, 2020
By:
Citizens Bancorp Investment, Inc. (“Citizens Bank”), the parent company of Liberty State Bank, headquartered in Lafayette, Tennessee, and American Bancshares Corp. (“American”), the parent company of American Bank & Trust of the Cumberlands (“American Bank & Trust”), headquartered in Livingston, Tennessee, announced today the signing of a definitive agreement providing for the merger of American with and into Citizens.
“We are excited to partner with Marty Maynord, Ryan Smith and the team at American Bank & Trust to help their clients grow their business and achieve their dreams through our greater resources. Our expanded lending capacity will be helpful to growing and thriving businesses that want to remain with a community bank for that high level of service,” said Pete Williston, Chairman and Chief Executive Officer of Citizens. “American is a highly-regarded institution that has been serving its communities for over 40 years. We are humbled to be chosen as their partner to serve their customers and communities.”
Marty Maynord, American’s Chief Executive Officer, also commented on the announcement, stating, “We are pleased to partner with Citizens Bank. We have known them for some time and admire their 111-year commitment to serving Middle Tennessee. This combination will create the largest bank headquartered in the Upper Cumberland Region of Tennessee and will enhance the experience for our customers and communities in this challenging environment. We look forward to serving our clients even better as a combined institution.”
Subsequent to the merger, American Bank & Trust will become a part of Citizens Bank. American Bank & Trust’s offices in Livingston and Cookeville will continue to operate under their current name for a period of time. On a pro forma basis, based on March 31, 2020 financial information, the combined company will have approximately $1.2 billion of total assets, $794 million in loans, $1.0 billion in deposits, and 22 banking locations across Middle Tennessee. The combined organization would become the 15th largest bank based in Tennessee as ranked by total assets. This greater capacity will help many small businesses remain with a community bank—something most small businesses know is at the core of their continued success.
Following the close of the transaction, Marty Maynord will continue to serve as Chief Executive Officer of American Bank & Trust until its merger with and into Citizens Bank, which is expected to occur in the second quarter of 2021. American President Ryan Smith will continue to serve as President of American Bank & Trust until the bank merger. Following the merger of American Bank & Trust and Citizens Bank, Maynord and Smith will each serve as Executive Vice-Presidents of Citizens Bank. American’s clientele can know that they will be able to maintain their banking relationships while still benefiting from the new services and capacities.
“In times like this, every business owner and individual wants a bank with the resources and community commitment to be there when opportunities present themselves. Our new combined size of over $1.2 billion will allow us to bring even more services and lending capability to our borrowers. American Bank customers will benefit from the larger size while we maintain the commitment to continue the small bank feel that our customers tell us they value,” said Citizens President Tommy Anderton.
American President Ryan Smith added “We are very proud to partner with Citizens as their culture is very similar to our own. Furthermore, it gives our team greater lending capacity to meet the needs of our Overton and Putnam County communities. We believe this merger is an excellent fit for our customers, our team members, and the communities we serve because it affords our clients continued access to extraordinary service for which both organizations have been admired.”
The boards of directors of Citizens and American have unanimously approved the transaction. The transaction remains subject to customary closing conditions, including receipt of regulatory approvals and approval by American shareholders. The closing of the transaction is expected to occur in the fourth quarter of 2020.
Stephens Inc. acted as financial adviser to Citizens, and Butler Snow LLP acted as its legal adviser. Olsen Palmer LLC acted as financial adviser to American, and Bone McAllester Norton PLLC acted as its legal adviser.
About Citizens Bancorp Investment, Inc.
Citizens Bancorp Investment, Inc., is the bank holding company for Citizens Bank of Lafayette, a Tennessee state-chartered banking corporation founded in 1909 and headquartered in Lafayette, Tennessee. Citizens Bank of Lafayette currently operates 19 banking locations in 10 counties in Middle Tennessee. As of March 31, 2020, Citizens Bank of Lafayette reported $948 million in total assets. For additional information about Citizens, visit www.citizens-bank.org
About American Bancshares Corp.
American Bancshares Corp. is the holding company for American Bank & Trust of the Cumberlands, a community bank operating three full-service Tennessee banking locations in Overton and Putnam counties. American Bank & Trust of the Cumberlands had approximately $264 million in assets as of March 31, 2020. For additional information about American, visit www.abtc.bank
Crime Spree Ends with Arrest
July 14, 2020
By: Dwayne Page
After allegedly stealing two trucks a month ago and trying to take another one Friday, 35 year old Edward Lee Judkins, Jr. was captured while fleeing from a home he had just broken into on Old Blue Springs Road.
Judkins, who resides on Keltonburg Road, Smithville, is charged with aggravated burglary; evading arrest; resist stop frisk halt search; three counts of burglary, three counts of theft, and two counts of vandalism. His bond totals $67,500 and he will be in court July 23.
Sheriff Patrick Ray said that on Friday, July 10 a deputy was called to a residence on Old Blue Springs Road to investigate the possible theft of a brown two tone Chevrolet truck. Judkins had just broken into the truck, destroying the steering column to gain access to the ignition, before driving away in reverse as the deputy and a detective arrived on the scene. In trying to make his getaway, Judkins ran into a maroon Ford truck parked at the residence, and then went through a row of hedges onto the property of a neighbor causing $239 worth of damage to some landscaping there. After the truck stalled Judkins jumped out and fled on foot. Later a call came in that Judkins had returned to the same home on Old Blue Springs Road and entered by kicking in a door. As officers arrived back on the scene, they captured Judkins after spotting him climbing out a front window.
In the earlier crimes, Judkins is charged with breaking into and stealing a 1998 Nissan Frontier truck valued at $1,000 on June 9 and then burglarizing and taking a 2006 GMC truck valued at $4,500 on June 16.
40 year old John Adrian Williams of Orthodox Way, Liberty is charged with being a fugitive from justice. His bond is $5,000. Sheriff Ray said that on July 10 a deputy was called to Williams’ home due to a fire. Upon arrival he spoke with Williams and contacted central dispatch for a computer check which revealed that Williams was wanted in Jackson County, Missouri for a failure to appear with a bond of $1,000.
29 year old Michael James Edmiston of Crest Drive, Smithville is charged with domestic assault. His bond is $1,500 and he will be in court July 30. Sheriff Ray said that on July 6 a deputy was dispatched to Crest Drive due to a physical domestic where a woman was found bleeding from her arm. Upon arrival the officer spoke with the woman who said that she and her son, Edmiston had gotten into an argument and that he grabbed her by both arms which caused the skin to tear in two places on her left arm making it bleed.
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