Exhibit 99.1

Commerce Union Bancshares, Inc. Reports Record 2016 and Fourth Quarter

Fourth Quarter Net Income Increases 29% to $2.0 Million
Reports Record Loans and Deposits

BRENTWOOD, Tenn.--(BUSINESS WIRE)--January 26, 2017--Commerce Union Bancshares, Inc. (Nasdaq: CUBN), parent of Reliant Bank, today reported record net income attributable to common shareholders, loans and deposits for its fourth quarter and year ended December 31, 2016. Fourth quarter net income attributable to common shareholders rose 29.0% to $2.0 million from $1.5 million for the fourth quarter 2015. Fully diluted net income per share attributable to common shareholders rose 19.0% to $0.25 for the fourth quarter of 2016 compared with $0.21 for the fourth quarter 2015. Net income attributable to common shareholders for the full year 2016 rose 60.3% to $8.9 million from $5.6 million for 2015. Fully diluted net income per share attributable to common shareholders rose 34.9% to $1.16 from $0.86 for 2015. Net loans, excluding mortgage loans held for sale, rose 8.0% to a record $657.7 million at December 31, 2016, compared with $608.7 million at December 31, 2015. Deposits were a record $763.8 million at December 31, 2016, up 19.3% compared with $640.0 million at December 31, 2015.

“We are pleased to report record results for our fourth quarter and 2016 that highlight the progress we have made since the merger of Reliant Bank and Commerce Union Bank last year,” stated William R. DeBerry, Chairman and CEO of the Company. “For the fourth quarter and the year, we reported growth in net income, loans and deposits compared with the prior year that benefited from the strong markets in our five county market in middle Tennessee. We plan to expand our presence in Nashville with the planned opening of a new branch in Green Hills, an affluent submarket of Nashville, in the first quarter of 2017. We remain positive about our growth opportunities in 2017 based on the strong economic and demographic trends in middle Tennessee.”

Fourth Quarter Revenue

Total interest income was up 2.8% to $8.9 million in the fourth quarter of 2016 compared with $8.7 million in the fourth quarter of 2015. Total interest income increased 3.4% in the fourth quarter of 2016 compared with $8.7 million in the third quarter of 2016. The increase in interest income from the third quarter of 2016 was primarily due to an increase in average earning assets.

Noninterest income declined to $869,000 in the fourth quarter of 2016 compared with $1.6 million in the third quarter of 2016 and $3.5 million in the fourth quarter of 2015. The decrease in noninterest income from the third quarter of 2016 was due primarily to a $320,000 loss ($197,000 net of the tax benefit) on securities transactions arising from a municipal bond replacement strategy compared with a $296,000 gain in the third quarter of 2016 and a $7,000 loss in the fourth quarter of 2015. The proceeds from the fourth quarter sale of securities were reinvested in higher yielding municipal bonds that are expected to be less price sensitive to rising interest rates and potential declines in corporate tax rates. The decline in noninterest income from the fourth quarter of 2015 was primarily due to the transition of the out-of-market mortgage operations in the second quarter of 2016.

Net Interest Income and Margins

Net interest income rose to $8.0 million in the fourth quarter of 2016, up 1.8% compared with $7.9 million in the fourth quarter of 2015 and an increase of 2.7% from $7.8 million in the third quarter of 2016. The increase in net interest income over the prior year was driven by growth in earning assets, growth in net interest margin, offset partially by lower net discount accretion associated with the merger of Commerce Union Bank and Reliant Bank and lower yields on new loans. The net discount accretion totaled $162,000 for the fourth quarter of 2016 compared with $368,000 for the third quarter of 2016 and $442,000 for the fourth quarter of 2015.


The following information was filed by Commerce Union Bancshares, Inc. (CUBN) on Thursday, January 26, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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