First Tennessee buys Home Financial Corp.

JOHNSON CITY, Tenn. - First Tennessee National Corp. said it had completed its acquisition of Home Financial Corp. of Johnson City for about $151 million.

Home Financial's thrift subsidiary, Home Federal Bank, became a First Tennessee subsidiary. Home Federal with 18 locations and $877 million in assets, ranks first or second in deposit market share in all the counties it serves.

The merger brings First Tennessee, the largest banking company in the state, to $8.6 billion in assets and 214 banking offices.

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