Tennessee

Citizens Bancorp Investment has agreed to buy American Bancshares in a deal expected to close later this year.

Organizers of Rockpoint Bank still need to raise $30 million before opening.

The acquirer had pursued a de novo strategy in its home state but was unable to raise enough capital.

Recovery from a massive storm that touched down near Nashville is in its early stages, but bankers are looking at fee waivers and increased access to cash for those who were affected.

Lineage Financial Network, led by former Franklin Financial CEO Richard Herrington, plans to acquire Sumner Bank and Citizens Bank.

The expansion comes after a year in which net income at the Nashville-based credit union dropped by more than half amid a rise in delinquencies and charge offs.

The company will acquire the parent company of First National Bank of Manchester and Bank of Waynesboro for $85 million.

Terry Turner at Pinnacle Financial says big banks in the city, including Truist Financial and Wells Fargo, are "vulnerable" to new competitors.

Franklin Financial agreed to be sold less than a year after issues surfaced in its portfolio of shared national credits.

The proposed merger will create a $10 billion-asset bank based in Nashville, Tenn.

The bank will top $500 million in assets after it acquires F&M Bancshares.

Franklin Financial CEO J. Myers Jones is trying to reduce his company's exposure to shared national credits and health care loans, which have enjoyed solid yields but come with a downside.

The Tennessee company said Rob Garcia will be in charge of building a commercial banking team in the city.

Hamp Johnston, a former market executive at JPMorgan Chase, would serve as RockPoint Bank's president and CEO. The bank would be based in Chattanooga.

The Louisiana company's willingness to combine with First Horizon without a big initial payday is fueling talk that other banks could be keen on selling at relatively inexpensive prices.

First Horizon and Iberiabank solidified their resolve after BB&T and SunTrust announced their merger. Bryan Jordan, First Horizon's CEO, says he's convinced the earlier deal is having a similar influence at other regional banks.

The deal will create a Southeastern regional with $75 billion in assets across 11 states.

The Tennessee company, which was outbid in an effort to buy a North Carolina bank earlier this year, will pay $41 million for a branch network in the middle part of its home state.

The Tennessee company has agreed to buy First Advantage, which specializes in financing manufactured housing purchases.

Kelly Price, an executive vice president, will take over when Olan Jones Jr. retires on Jan. 1.