Security Bancorp of Tennessee Seeks to Acquire Additional Voting Shares in Patriot Bank
August 29, 2025
August 29, 2025
WASHINGTON, Aug. 29 (TNSFR) -- Security Bancorp of Tennessee Inc., Halls, has submitted an application to the Federal Reserve System seeking permission to acquire additional voting shares of Patriot of Tennessee Corp., Millington. This action would also give them indirect control of voting shares in Patriot Bank.
This acquisition falls under the Bank Holding Company Act of 1956 and other applicable regulations, which govern the formation and expansion of such companies.
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This acquisition falls under the Bank Holding Company Act of 1956 and other applicable regulations, which govern the formation and expansion of such companies.
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