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PRESS RELEASE: FB Financial Corporation Update on Exit of Wholesale Mortgage Channels

NASHVILLE, Tenn.–(BUSINESS WIRE)– FB Financial Corporation’s (NYSE: FBK) wholly-owned subsidiary, FirstBank, announced today that it has signed an agreement to sell its Correspondent Lending channel to Rushmore Loan Management Services LLC (“Rushmore”). Upon closing of the transaction, Rushmore will assume substantially all of the assets and personnel related to the channel. The agreement is subject to customary closing conditions. FB Financial expects the transaction to close early in the third quarter of 2019.

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