Tennessee

Iberiabank Corp. (IBKC) in Layfayette, La., has agreed to buy Synovus Financial (SNV) operations in Memphis.

First Financial Northwest in Washington ousted a longtime CEO, while HopFed Bancorp in Kentucky seated an outsider on its board and canceled an acquisition, under pressure from activist shareholders. More banks can expect similar fights.

Community South Bank in Parsons was shut down by Tennessee regulators Friday.

HopFed Bancorp (HFBC) in Hopkinsville, Ky., and Sumner Bank & Trust in Gallatin, Tenn., have terminated plans to merge.

Triumph Bancshares in Germantown, Tenn., has agreed to buy two mortgage businesses from Merchants & Planters Bancshares in Bolivar, Tenn.

First South Bancorp, a privately held Tennessee company, has enough capital support to do deals without having to go public, CEO Chris Holmes says in a Q&A.

A former president and chief executive of a Tennessee bank is going to prison for bank fraud.

The Federal Deposit Insurance Corp. has terminated a consent order with Cornerstone Community Bank in Chattanooga, Tenn., after the bank increased its capital levels.

Magna Bank in Memphis, Tenn. has switched to a state charter, dumping the Office of the Comptroller of the Currency in favor of a state regulator that management believes is more familiar with its local market.

Pinnacle Financial Partners (PNFP) in Nashville has repaid the remaining $71.6 million of the $95 million it received from the Treasury Department's Troubled Asset Relief Program in December 2008.

FirstBank of Lexington, Tenn., has named its chief banking officer as its new president.

State regulators closed banks in Georgia, Florida and Tennessee on Friday, making June a busy month for failures.

A Texas investor has filed a suit against former top executives at a failed Tennessee bank seeking to recover the nearly $1.2 million he pumped into the bank during a 2010 stock sale.

Triumph Bancshares of Germantown, Tenn., has sold 1.35 million shares to investors, raising roughly $12.2 million in fresh funds to help grow its bank.

Continuing its aggressive expansion throughout the Southeast, Renasant Bank in Tupelo, Miss., is opening its first office in east Tennessee.

The Federal Reserve Board has terminated a written agreement with MidSouth Bank after capital levels improved and noncurrent loans decreased at the Murfreesboro, Tenn., company.

CapStar Bank has agreed to buy certain assets and liabilities from another Tennessee bank, making CapStar’s second acquisition in the past week.

The Federal Reserve has reached a written agreement with Commerce Bancshares Inc. in Franklin, Tenn.

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.

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.