Tennessee

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.

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.

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.

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

NASHVILLE, Tenn. — 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.

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.

WASHINGTON — A Tennessee bank owner must get prior Federal Reserve approval to pay dividends or increase debt.

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

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.

Tennessee Valley Financial Holdings Inc. 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.