-
Atlantic Capital Bancshares in Atlanta plans to issue $50 million in subordinated debt to finance its acquisition of First Security Group in Tennessee.
September 21 -
Atlantic Capital Bancshares in Atlanta has increased the portion of its common stock to be used in its pending $160 million acquisition of First Security Group in Chattanooga, Tenn.
June 11 -
One of the most successful startup banks in a generation is turning over its keys to a California bank. Institutional ownership and the prospect of slower growth may have prompted Square 1 to make the deal.
March 16
Atlantic Capital Bancshares in Atlanta has hired the former chief financial officer at Square 1 Financial in Durham, N.C., to fill the same post.
The $1.4 billion-asset Atlantic Capital, which is planning an
Atlantic Capital is also in the process of buying the $1.1 billion-asset First Security Group in Chattanooga, Tenn. The company plans to issue $50 million in subordinated debt to help fund the cash portion of that $160 million deal.
Oakes "has extensive experience in senior financial roles at publicly held banking companies," Doug Williams, Atlantic Capital's president and chief executive, said in a press release. "That experience will enhance our ability to become a top performing regional banking company."
Oakes succeeded Carol Tiarsmith, a founder of the bank who
Tiarsmith "has built a finance organization capable of sustaining steady growth and increased operational complexity," Williams said in the company's press release.