State Coverage: Tennessee

Fed Takes Action Against Two Banks

American Banker | Jan 31

The Federal Reserve on Tuesday announced two enforcement actions against two banks, the Bank of Bartlett in Tennessee and Capitol City Bancshares Inc. in Atlanta.

Tennessee Suffers Two Bank Failures After Nearly Decade-Long Break

American Banker | Jan 27

In the matter of an evening, Tennessee jumped from having no bank failures so far this crisis, to being tied with Florida so far this year.

Tennessee Remains Failure Free, But for How Long?

American Banker | Jan 26

Tennessee has managed to escape the downturn relatively unscathed, and hasn't had a bank fail since 2002. But a new crop of undercapitalized banks and other strugglers have put 10% of the state's banks at some risk of failure.

Southern Community in Tennessee Buying Branch from Ailing Competitor

American Banker | Jan 05

Under orders from its regulator to improve its capital ratios, Community First Bank & Trust in Columbia, Tenn., is selling one of its 10 branches to Southern Community Bank in Tullahoma, Tenn., and could be looking to unload several more.

FDIC Tells Seven Community Banks to Boost Capital Ratios

American Banker | Jan 04

The Federal Deposit Insurance Corp. has ordered seven ailing community banks to raise fresh capital and directed three others with elevated loan losses to submit written plans for raising capital should credit quality weaken further.

Pinnacle in Tenn. Partially Repays TARP

American Banker | Dec 29

Pinnacle Financial Partners Inc. in Nashville, Tenn., has moved a step closer toward exiting the Troubled Asset Relief Program.

VolCorp Members Clear Merger with West Virginia Corporate

American Banker | Nov 30

Members of Volunteer Corporate CU approved the combination with West Virginia Corporate FCU to create a $1.5 billion corporate, one of six pending corporate marriages.

Nasdaq Issues Warning to Tennessee Commerce

American Banker | Nov 30

The Nasdaq stock market has notified Tennessee Commerce Bancorp Inc. in Franklin that its shares could be delisted for its failure to file timely financial reports.

Tennessee Commerce Critically Undercapitalized After Loss

American Banker | Nov 01

With its future in doubt, the company hires investment banks to help it explore its options.

Pinnacle in Tennessee Get Earnings Lift from Tax Benefit

American Banker | Oct 19

Pinnacle Financial Partners Inc. in Nashville, Tenn., reported a massive spike in third-quarter results due to the reversal of a deferred tax asset valuation.

Fed Takes Action Against Tennessee Bank

American Banker | Oct 04

Tennessee Valley Financial Holdings in Oak Ridge agreed to serve as a source of strength to its $173.3 million-asset TNBank, which has been operating under a consent order with it regulators since April 21.

Jefferson Cites CDOs, Loss Provisions in Restating Results

American Banker | Sep 28

Jefferson Bancshares Inc. of Morristown, Tenn., restated its last quarter as a loss after its take on bad investments and loans worsened.

Losses Spike at Green Bankshares as its Sale Approaches

American Banker | Aug 12

Green Bankshares Inc. in Greenville, Tenn., reported a net loss of $12.4 million for the second quarter as it prepares to sell to North American Financial Holdings Inc.

Tennessee Commerce in Consent Agreement With FDIC

American Banker | Jun 02

Tennessee Commerce Bancorp Inc. in Franklin will not be required to restate its 2010 earnings after all, but it is under orders to boost its capital ratios.

BancorpSouth Identifies Cities Slated for Branch Closures

American Banker | May 18

The $13.5 billion-asset company said this week that it will shutter nine branches in Arkansas, eight in Mississippi three in Tennessee, and one each in Texas, Alabama and Missouri.