Private company

Commerce Union Bancshares

US financial corporation

Reliant Bancorp, Inc, formerly Commerce Union Bancshares, is an American financial corporation based in Brentwood, Tennessee, USA. It was listed on the NASDAQ until its merger with United Community Bank in January 2022. It controls a subsidiary, Reliant Bank, a commercial bank.3 Wikipedia text CC BY-SA 4.0

Last updated Oct 20, 2026.

Overview

2006Founded1
  • IndustryState Commercial Banks1
  • HeadquartersSpringfield1
  • Websitewww.commerceunionbank.com
  • Legal formpublic company1
  • Incorporated inTN4
  • Business address1736 Carothers Parkway, Suite 100, Brentwood, Tn 370274
  • Filer categoryNon-accelerated filer, Smaller reporting company4

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Reliant Bancorp, Inc, formerly Commerce Union Bancshares, is an American financial corporation based in Brentwood, Tennessee, USA. It was listed on the NASDAQ until its merger with United Community Bank in January 2022. It controls a subsidiary, Reliant Bank, a commercial bank.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2020

546.6%Net margin6
53.4%Revenue growth, 20206
9.8%Return on equity6

Where the money goes

Where each dollar of revenue went, fiscal 2020

  • Interest37¢$22.2M
  • Income tax11¢$6.9M
  • Profit52¢$31.4M

Out of $5.7M in revenue.6

Financial statements

Revenue76$5.7M in 2020+359% since 2017
0$2.0M$4.0M$6.0M2017: $1.3M$1.3M20172018: $3.4M$3.4M2018+173%2019: $3.7M$3.7M2019+10%2020: $5.7M$5.7M2020+53%
Net income891076$31.4M in 2020+706% since 2014
0$10.0M$20.0M$30.0M$40.0M2014: $3.9M$3.9M20142015: $5.6M$5.6M2015+43%2016: $8.9M$8.9M2016+60%2017: $7.2M$7.2M2017−19%2018: $14.1M$14.1M2018+94%2019: $16.2M$16.2M2019+15%2020: $31.4M$31.4M2020+94%
Fiscal year2014201520162017201820192020
Revenue$1.3M7$3.4M6$3.7M6$5.7M6
Interest$1.6M8$2.7M9$3.4M10$5.7M7$15.4M6$23.4M6$22.2M6
Income tax$1.8M8$2.3M9$2.2M10$1.9M7$1.4M6$2.1M6$6.9M6
Net income$3.9M8$5.6M9$8.9M10$7.2M7$14.1M6$16.2M6$31.4M6
Earnings per share$0.988$0.889$1.1810$0.897$1.246$1.446$2.036
Earnings per share (diluted)$0.968$0.869$1.1610$0.887$1.236$1.446$2.026

Compare Commerce Union Bancshares with another company

What it owns

What Commerce Union Bancshares reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$46.0M6 Dec 31, 2020$32.7M6 Dec 31, 2019+40.7%
Accumulated depreciation$14.6M6 Dec 31, 2020$11.7M6 Dec 31, 2019+24.9%
Property and equipment, net$31.5M6 Dec 31, 2020$21.1M6 Dec 31, 2019+49.4%
Operating-lease assets (leased space)$13.1M6 Dec 31, 2020$12.0M6 Jan 1, 2020+9.4%

Investments

ItemLatestA year beforeChange
Debt securities available for sale$256.7M6 Dec 31, 2020$260.3M6 Dec 31, 2019−1.4%
Debt securities held to maturity$06 Dec 31, 2020$06 Dec 31, 2019
Loans, net of allowance$1.4B7 Dec 31, 2019$1.2B7 Dec 31, 2018+14.5%
Deposits held (banks)$2.6B6 Dec 31, 2020$1.6B6 Dec 31, 2019+62.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$54.4M6 Dec 31, 2020$43.6M6 Dec 31, 2019+24.6%
Accumulated amortization$5.4M6 Dec 31, 2020$3.6M6 Dec 31, 2019+51.1%
Finite-lived intangibles, net$11.3M6 Dec 31, 2020$7.3M6 Dec 31, 2019+56.1%

The story

Commerce Union Bancshares was founded in 2006, operating as Commerce Union Bank. Its chairman was Charles T. Beasley and its chief executive officer and president was Ron DeBerry.

The corporation acquired Reliant Bank through a merger in 2014. By September 2015, it announced it would use the brandname of Reliant Bank to avoid confusion with a defunct Nashville-based bank named Commerce Union Bank which later merged with Bank of America. Additionally, it announced its headquarters would move from Springfield, Tennessee to Brentwood, a suburb of Nashville, Tennessee.

Reliant Bancorp has been a public corporation listed on the NASDAQ on July 7, 2015.

In January 2017, the corporation announced the retirement of Ron DeBerry as chairman and CEO and appointed DeVan D. Ard, Jr., president of Commerce Union Bancshares, Inc. and president and chief executive officer of Reliant Bank.

The corporation changed its name to Reliant Bancorp, Inc. on December 31, 2017.

The corporation acquired Community First, Inc. (“Community First”) and Community First Bank & Trust, Community First's wholly owned bank subsidiary, located in Columbia, Tennessee, through a merger on January 1, 2018.

On January 2, 2020, Reliant Bancorp acquired Tennessee Community Bank Holdings, Inc. (“TCB Holdings”), the parent company for Community Bank & Trust (“Community Bank”), located in Ashland City, Tennessee.

At the time of its merger with United Community Bank in January 2022, Reliant Bancorp operated 24-branches, primarily in the Nashville area.

From Wikipedia’s article on Reliant Bancorp, shared under CC BY-SA 4.0.5

Leadership

Who has led Commerce Union Bancshares, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. William Ronald Deberry2015–2020
  2. Devan D. Ard Jr.2017–2022

Chair

  1. Devan D. Ard Jr.2017–2022

President

  1. Devan D. Ard Jr.2015–2020
  2. Paula C. Deberry2015–2016
  3. Berlin Scott Bagwell2016

Chief financial officer

  1. James Daniel Dellinger2015–2020
  2. Gerald L. Cooksey Jr.2020–2022

Chief operating officer

  1. Louis Holloway2018–2019
2010201520202025
Board members and other officers (28)

Former names

  • Commerce Union Bancshares, Inc.Apr 28, 2014 to Dec 29, 20174

Timeline

  1. Jan 3, 20228-K Entered a material agreement; Completed an acquisition or sale; Listing notice or transfer44
  2. Dec 9, 20218-K Shareholder vote45
  3. Oct 19, 20218-K Results of operations; Regulation FD disclosure46
  4. Aug 2, 2017New chief executive Devan D. Ard Jr. becomes CEO12
  5. May 13, 2015New chief executive William Ronald Deberry becomes CEO13
  6. 2006Founded Founded1

Calendar

When it reported results

  1. Oct 19, 2021Reported quarterly or annual results46

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

60 filings to the SEC since October 2021: 1 quarterly reports, 3 major events, 48 insider forms, 8 other. The latest 20:

  1. Feb 18, 202215-12B EDGAR
  2. Feb 16, 2022EFFECT EDGAR
  3. Feb 16, 2022EFFECT EDGAR
  4. Feb 15, 2022S-8 POS EDGAR
  5. Feb 15, 2022S-8 POS EDGAR
  6. Feb 15, 2022POS AM EDGAR
  7. Feb 15, 2022POS AM EDGAR
  8. Jan 4, 20224 EDGAR
  9. Jan 4, 20224 EDGAR
  10. Jan 4, 20224 EDGAR
  11. Jan 4, 20224 EDGAR
  12. Jan 4, 20224 EDGAR
  13. Jan 4, 20224 EDGAR
  14. Jan 4, 20224 EDGAR
  15. Jan 4, 20224 EDGAR
  16. Jan 4, 20224 EDGAR
  17. Jan 4, 20224 EDGAR
  18. Jan 4, 20224 EDGAR
  19. Jan 4, 20224 EDGAR
  20. Jan 4, 20224 EDGAR

The 60 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Nov 12, 2021Mabry William LawsonDirectorBuy109$35.41$3.9KForm 4

From Forms 4 filed with the SEC.

SEC filer profile

How Commerce Union Bancshares is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARReliant Bancorp, Inc.2
  • CIK0001606440
  • Employer ID (EIN)37-16413162
  • Filer statusNon-accelerated filer<br>smaller reporting company2
  • Incorporated inTennessee2
  • Fiscal year endsDecember 312
  • Industry code (SIC)6022 State Commercial Banks2
  • Business address1736 Carothers Parkway, Suite 100, Brentwood, TN 370272
  • Phone615-221-20202
  • Shares outstanding16,576,680 as of Nov 4, 202147
  • Public float$248.6M as of Jun 30, 20206
  • On EDGAR sinceApr 28, 20142
  • Filings655 in all: 4 (307), 8-K (127), 425 (45), 3 (34), 10-Q (21), 4/A (19), 8-K/A (10), CORRESP (10)2
    All 31 form types

    EFFECT (10), UPLOAD (8), 10-K (7), DEF 14A (7), 3/A (6), 424B3 (6), S-4 (5), S-4/A (5), SC 13G/A (5), S-3 (3), SC 13G (3), D (2), POS AM (2), S-3/A (2), S-8 (2), S-8 POS (2), 15-12B (1), 25-NSE (1), 5 (1), 8-A12B (1), CERTNAS (1), DEFM14A (1), PRE 14A (1)

  • Latest filingsAnnual report (10-K) Mar 9, 2021
    Quarterly report (10-Q) Nov 5, 2021
    Proxy statement (DEF 14A) Apr 8, 2021
    Latest 8-K (8-K) Jan 3, 2022

Sources

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