Tennessee

The Tennessee company will gain access to the Bowling Green, Ky., market as part of the $52 million deal.

The company agreed to buy Tennessee Community Bank Holdings, which has operations just west of Nashville.

The Tennessee bank was able to give employees more flexibility and cut its costs in half for its biometric screenings initiative.

There have now been a record 10 credit union-bank merger deals in 2019.

The Memphis, Tenn., regional will explore the use of voice assistants as part of its digital banking push.

The Memphis-based developer of core processing software is now majority owned by three credit unions.

A growing number of credit unions are moving their headquarters to revitalized urban areas, and while some say that could help recruit new staff, it also carries the risk of being associated with gentrification.

FB Financial is selling its correspondent lending channel to Rushmore Loan Management Services, which will complete the bank holding company's restructuring of its mortgage business.

Lynn Harton, the Georgia bank's CEO and a 20-year BB&T veteran, is considering acquisitions in Alabama, Florida and Tennessee markets where the entity soon to be named Truist Financial has a high profile.

Ken Lehman will gain a 40% stake in the Tennessee bank as part of a broader plan to raise $13 million.

The Nashville, Tenn., company hired Tim Schools from Highlands Bancshares to succeed founding CEO Claire Tucker.

Pinnacle Bank chief Terry Turner never lacks specifics. He wants to expand inside a triangular zone that connects three Southern and mid-Atlantic cities, aims to enter five particular markets, and speaks bluntly about his plans for hiring alums of BB&T and SunTrust.

A promotion from U.S. Community Credit Union has helped boost business and increase social media engagement, but some analysts fear this credit union and others may be relying too heavily on post-recession messaging.

SmartFinancial lined up a compelling merger with Entegra. Then a bigger bank offered more money and a higher premium.

Entegra Financial, which had a deal to be sold to SmartFinancial, has instead agreed to be sold to First Citizens, which offered more money and will pay a breakup fee for the initial deal.

The Decatur, Tenn.-based institution earned just $60,000 last year as its net worth ratio declined.

The Tennessee company has set up a $3.5 million reserve associated with the unnamed borrower.

The company plans to sell its third-party origination channel to Renasant. It has also lined up a deal to sell its correspondent channel.

A growing number of financial institutions are piloting initiatives sharing space with coffee shops and other retailers in an effort to boost foot traffic.

Trying to keep pace with big banks that digitize as many processes as possible will undercut community banks’ strengths, according to speakers at this year’s ICBA convention.