First National Bank of Paragould's office building in Jonesboro.
(First National Bank of Paragould)
First National Bank of Paragould said Wednesday that it will buy Citizens Bank of Hartsville, Tennessee, expanding into the Volunteer state and raising its total assets to about $2.1 billion.
Tennessee's Citizens Bank is no relation to Citizens Bank of Batesville. With about $290 million in assets, the Tennessee bank has three locations: Hartsville, which is an hour northeast of Nashville; and Gallatin and Hendersonville, two of Nashville's northern suburbs.
Financial terms of the deal, which requires regulatory approval, were not disclosed. First National Bank said it would share more information on the transition "in the coming weeks."