Tennessee

Lending and managing money for recording artists and labels can be a profitable niche. But volatile income streams, intellectual property challenges and business model upheaval can trip up the inexperienced.

Credit union will switch core processors in October, becoming the 21st Share One client in California.

The company was set to sell a 24% stake in itself to buy two Tennessee banks but has restructured the arrangement to avoid a potential conflict cited by a regulator.

The Tennessee bank has agreed to pay nearly $85 million for Capstone Bancshares in Alabama.

First Horizon CEO Bryan Jordan explains why he thinks policymakers will change the $50 billion asset cutoff and justify the regional bank's big acquisition.

The acquisition will make the Tennessee company one of the biggest banks in the Southeast, with assets of more than $40 billion.

The new name reflects the seven cooperative principles, including cooperation among cooperatives.

Christy Romero, the special inspector general for the Troubled Asset Relief Program, and two other government entities were involved in a probe that led Lamar Cox, former chief operating officer at Tennessee Commerce Bank, to plead guilty to misleading the FDIC.

The company has hired an investment bank to help it consider strategic alternatives, which could also include recapitalizing.

Credit union will switch May 1, becoming the 20th Share One client in California.

The Memphis, Tenn., company also reported an improvement in credit quality during the first quarter.

These execs say they are finding ways to reduce fixed costs in areas such as branching and personnel, offer appealing tech, yet provide in-person services when customers have concerns.

The Tennessee company has been working to resolve a memorandum of understanding tied to its CRE exposure.

Pinnacle Financial wanted to be in high-growth markets. BNC Bancorp saw more regulatory burden looming and limited opportunities to sell itself. Those factors spurred what is currently the year's second-biggest bank deal.

Bankers oppose legislation that would let local governments finance energy efficiency projects with liens ahead of the mortgage.

Commerce Union had been focused on expanding around Nashville, Tenn., until a lender based 120 miles away was available to hire.

DeVan Ard will succeed William DeBerry when DeBerry retires in June.

The $1.9 billion deal – the industry's largest announced in 2017 – will create a bank with nearly $20 billion in assets.

About $12 million of the proceeds will go toward exiting the Small Business Lending Fund.

The company would prefer buying banks with $5 billion to $10 billion in assets unless it finds an appealing alternative in a strategic market such as Raleigh or Nashville.