The Tennessee regional said the sale should boost quarterly profit by $160 million.
One-time items included $43.2 million of second-quarter expenses related to the Capital Bank acquisition, but First Horizon executives forecast sizable savings from the deal.
P. Byron DeFoor, who already has majority stakes in two community banks, is planning to buy First Columbia Bancorp.
FNS Bancshares has agreed to buy Catoosa Bancshares in Fort Oglethorpe, Ga., in all-cash deal.
SmartFinancial has agreed to buy Foothills Bancorp for $36 million. It would be SmartFinancial's fifth bank acquisition since 2012.
The company will pay $114 million to gain 10 branches and $482 million in assets.
Studio Bank is set to become Nashville's first new bank since 2008. Organizers raised $46 million earlier this year.
Fulton Financial, Univest Corp. of Pennsylvania and Franklin Financial disclosed a total of $75 million in exposure to the commercial relationship.
As other banks de-emphasize mortgage lending, Citizens is spending half a billion dollars to buy a large originator with a big servicing portfolio.
James Ayers' stake in the Tennessee company will drop below 50% after a planned stock offering.
