Fourth Capital is Now a Division of Volunteer State Bank


Volunteer State Bank Completes Legal Acquisition of Fourth Capital Bank

NASHVILLE & PORTLAND, TN. – June 1, 2024 – Volunteer State Bank announced today that it has completed the previously publicized merger with Fourth Capital Bank, effective July 1, 2024. This alliance is unique, as both banks are privately held by Gaylon Lawrence, Jr. While the two banks have legally merged, Fourth Capital branches will operate independently as a division of Volunteer State Bank until the financial institutions integrate systems, anticipated in 2025.

“Our alignment with Fourth Capital links our existing markets and unites us with a team of top-tier talent that mirrors our enthusiasm to be a strong financial partner and resource to the communities we serve,” stated Tony Gregory, chairman, president and chief executive officer of Volunteer State Bank. “This partnership solidifies Volunteer State Bank’s 47-year history of building a premier community bank in Middle Tennessee and reinforces our dedication to promoting and supporting local economic growth.”

The merger represents a significant step forward in the bank’s strategy to enhance the financial landscape throughout the Middle Tennessee region. The combined bank will increase Volunteer State Bank to more than $1.6 billion in assets, making it one of the larger community banks headquartered in the Nashville-Davidson-Murfreesboro-Franklin, TN Metropolitan Statistical Area.

“Our mission is clear as we move forward in this exciting journey of growth and progress. By merging with Volunteer State Bank, we are combining our strengths to continue building a financial institution that is not only reliable and efficient, but also deeply rooted in the local community. Our focus remains firmly on providing unparalleled service to our clients and making a lasting impact in Middle Tennessee,” said David McDaniel, chairman, president and chief executive officer of Fourth Capital Bank.

Following a system conversion in 2025, the merged entity will operate 18 branches, spanning six Middle Tennessee counties— Davidson, Robertson, Rutherford, Sumner, Williamson and Wilson. McDaniel will serve as chief banking officer for the combined company and hold a seat on the Board of Directors, while Gregory will continue in his current role as chairman, president and chief executive officer.

 About Volunteer State Bank

Volunteer State Bank is a privately owned, Tennessee-based community bank with over $1 billion in assets. Founded in 1977, Volunteer State Bank operates 14 full-service branches throughout Middle Tennessee in Davidson, Robertson, Rutherford, Sumner, Williamson and Wilson counties. Volunteer State Bank offers a variety of banking products and services that deliver an enhanced banking experience, for consumers and businesses, in every stage of the financial journey. For additional information on products, locations, and hours of operation, please visit

Learn more about this partnership.



 2 weeks ago by Fourth Capital

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