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The Office of the Comptroller of the Currency has lifted a regulatory enforcement action against First Security Group (FSGI) unit FSGBank.
March 12 -
Executives at a number of midsize institutions were excited about the prospects of booking more commercial loans in 2014.
January 17 -
Sevier County Bank in Tennessee decided its loyal customers are its best promotion and created an interactive blog about their experiences with the bank, including the story of one woman who goes 20 miles out of her way to keep banking there.
September 19
FirstBank in Lexington, Tenn., is expanding its operations in Alabama by opening a Huntsville branch.
The $2.2 billion-asset bank said it had hired banking veteran Jim Owens will oversee the branch. FirstBank plans to hire about 10 people for the office, which will offer commercial and consumer banking products, mortgages and investments.
The Federal Deposit Insurance Corp., Tennessee Department of Financial Institutions and Alabama State Banking Department are reviewing FirstBank's branch application. Owens said in a press release that he expects the review and approval process to be completed in the next 30 to 45 days.
"We will focus initially on building our commercial business, especially in the areas of technology, health care and owner-managed businesses, and will then work on attracting consumer banking customers," Owens said.
FirstBank first entered Alabama when its FirstBank Mortgage Partners bought Henger Rast Mortgage in Birmingham. The Huntsville branch will share space with an existing FirstBank Mortgage Partners office.
"Huntsville is a vibrant market and we see tremendous opportunity there," FirstBank President and CEO Chris Holmes said in the release.