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Press release content from Business Wire. The AP news staff was not involved in its creation. First Paragould Bankshares, Inc. to Enter Tennessee with Acquisition of Cumberland Bancshares, Inc. and Citizens Bank May 5, 2021 GMT PARAGOULD, Ark. & HARTSVILLE, Tenn. (BUSINESS WIRE) May 4, 2021 First Paragould Bankshares, Inc. (“First Paragould”), the holding company for First National Bank (“First National”), announced today that it has entered into a definitive agreement to acquire Cumberland Bancshares, Inc. (“Cumberland”) and its banking subsidiary, Citizens Bank located in Hartsville, Tennessee. With the proposed transaction, First National will enter Tennessee and establish a significant presence within the Nashville MSA, including branches in Sumner County and Trousdale County. On a pro forma basis, First National Bank will have 23 branches and total assets of approximately $2.2 billion.

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