Tennessee

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.