Tennessee

The Tennessee regional said the sale should boost quarterly profit by $160 million.

The Tennessee-based CU is issuing a $3 million special dividend and plans to make donations to local nonprofits in celebration of its 70th anniversary.

One-time items included $43.2 million of second-quarter expenses related to the Capital Bank acquisition, but First Horizon executives forecast sizable savings from the deal.

P. Byron DeFoor, who already has majority stakes in two community banks, is planning to buy First Columbia Bancorp.

FNS Bancshares has agreed to buy Catoosa Bancshares in Fort Oglethorpe, Ga., in all-cash deal.

SmartFinancial has agreed to buy Foothills Bancorp for $36 million. It would be SmartFinancial's fifth bank acquisition since 2012.

The company will pay $114 million to gain 10 branches and $482 million in assets.

Studio Bank is set to become Nashville's first new bank since 2008. Organizers raised $46 million earlier this year.

Credit unions in Tennessee and Ohio were singled out by the U.S. Small Business Association.

Fulton Financial, Univest Corp. of Pennsylvania and Franklin Financial Services disclosed a total of $75 million in exposure to the commercial relationship.