Bank Sale in Murfreesboro

Community First Bank & Trust has sold a Murfreesboro branch to another community lender as it works to ease the concerns of regulators.

The Columbia-based bank made the announcement alongside purchaser Southern Community Bank of Tullahoma in a U.S. Securities & Exchange filing for Community First investors. The announcement marks the first official disclosure by the bank confirming its course of action in trying to improve capital ratios.

For Southern Community, the acquisition marks an expansion into Murfreesboro beyond the loan production office the bank already here.
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