Tennessee

Tennessee de novo cleared to open

06/11/18

Studio Bank is set to become Nashville's first new bank since 2008. Organizers raised $46 million earlier this year.

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Three lenders warn about 2Q profit after borrower suffers fraud-related hit

05/31/18

Fulton Financial, Univest Corp. of Pennsylvania and Franklin Financial disclosed a total of $75 million in exposure to the commercial relationship.

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Banks shunning mortgages? Citizens' deal proves otherwise

05/31/18

As other banks de-emphasize mortgage lending, Citizens is spending half a billion dollars to buy a large originator with a big servicing portfolio.

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FB Financial chairman ceding majority ownership with stock sale

05/22/18

James Ayers' stake in the Tennessee company will drop below 50% after a planned stock offering.

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FB Financial in Tenn. joins list of banks warning of sputtering mortgage volume

05/21/18

The Nashville company significantly reduced the 2018 earnings projection for its mortgage business.

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Nashville's first post-crisis de novo effort meets capital requirement

04/18/18

Organizers of Studio Bank in Nashville have raised more than $40 million, satisfying the minimum amount set by regulators.

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Pinnacle in Tenn. raises its profitability target

04/17/18

The company, which completed a major acquisition last year, said tax reform will help it generate a higher return on average assets.

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First US Bancshares to enter Virginia with latest acquisition

04/17/18

The Alabama bank agreed to buy Peoples Bank for $23 million as part of a plan to target new Southeastern markets.

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First Horizon sees profit boost and higher costs from Capital Bank deal

04/13/18

First Horizon CEO Bryan Jordan said the bank is still on track to meet cost-cutting targets from its 2017 deal for Capital Bank in North Carolina

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Why one small bank wants to bring real estate appraisals in-house

04/11/18

TriStar Bank in Tennessee says a shortage of appraisers is slowing down its commercial real estate lending and raising the cost of appraisals. The claim has outraged appraisers, who argue that the bank is simply trying to avoid paying their fees.

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