Tennessee

Franklin Financial, which was recently freed from a memorandum of understanding, has installed interim leaders after its founding CEO's retirement and his son's resignation.

The Tennessee company is pleased with loan growth. It has also been able to reduce its dependence on brokered deposits as it brings in new customers following its purchase of Capital Bank.

The Tennessee company will have $4 billion in assets and 47 branches in six states when it buys Entegra Financial.

The Gray, Tenn.-based institution has named Kelly Smith as its temporary leader after Ron Scott resigned to move closer to family. He subsequently passed away.

In a push to be on the leading edge of technology, Tennessee-based Enrichment Federal Credit Union launched a service through Amazon's Alexa by first making sure employees knew what to do.

The company is selling 14 branches, including several around Chattanooga, Tenn., and its mortgage business to FB Financial so it can focus on its Atlanta operations and national lending businesses.

The Memphis-based CUSO, known for its NewSolutions system, signed six credit unions, all with assets under $140 million.

The Nashville, Tenn., company had opposed a request by Gaylon Lawrence to boost his ownership to 15%.

Bankers complain that the quasi-governmental system's new program designed to make more residential loans in four states goes well beyond its original mission.

This is the first special dividend the Oak Ridge, Tenn., credit union has given out since 2005.