First Tennessee Acquires 13 Branches In Middle And East Tennessee From Bank Of America

Thursday, May 29, 2014

First Tennessee Bank has agreed to purchase 13 branches and four remote ATMs from Bank of America. The banks expect the purchase of the branches in Middle and East Tennessee to close later this year following approval by regulators and satisfaction of customary closing conditions.

First Tennessee will add approximately $660 million of deposits at a deposit premium of 3.32 percent based on deposit balances near the time the transaction closes. First Tennessee is a subsidiary of First Horizon National Corp. (NYSE:FHN). 

Founded in 1864, First Tennessee is the country's 14th oldest national bank. "We are proud to have earned the trust and business of the people of Tennessee for 150 years, and we look forward to continuing that tradition in communities that are both new and familiar to us with this purchase," said Bryan Jordan, First Horizon's chairman and CEO. 

The branches are in communities in Middle and East Tennessee including Waverly, Columbia, Lawrenceburg, Lewisburg, Sparta, Rockwood, Greeneville, Kingston, Bristol, Johnson City and Kingsport. Some of the communities will be new for First Tennessee, which already has more than 170 financial centers in and around Tennessee. First Tennessee will hire all current branch employees when the purchase closes and take other steps to ensure smooth continuity of service for customers and these communities. In addition to the branches, First Tennessee will also acquire a small amount of loans as part of the transaction.



Walker County Arrest Report For Sept. 18-24

Here is the Walker County arrest report for Sept. 18-24: HUBBARD    MICHAEL      ANDREW      W/M    25        OFFICER SCHRADER         FAILURE TO REPORT NAME OR ADDRESS CHANGE, SPEEDING DURHAM      ... (click for more)

Latest Hamilton County Jail Booking Report

Here is the latest jail booking report from Hamilton County: AMMONS, ASHTON DEWAYNE  1904 TINSLEY PL Chattanooga, 37404  Age at Arrest: 25 years old Arresting Agency: Chattanooga DISORDERLY CONDUCT --- BIRDSONG, CORDELLIUS LOVETT  4718 METRO PAK LANE HIXSON, 37343  Age at Arrest: 19 years old Arresting Agency: Chattanooga DRIVING ON REVOKED, ... (click for more)

Fix Obamacare, Don't Repeal It - And Response (2)

John McCain recently said, "I cannot in good conscience vote for the Graham-Cassidy proposal. I believe we could do better working together, Republicans and Democrats, and have not yet really tried. Nor could I support it without knowing how much it will cost, how it will affect insurance premiums, and how many people will be helped or hurt by it. Without a full (Congressional Budget ... (click for more)

Roy Exum - ‘Let’s Talk Real Life’

In mid-November of 2015, the Missouri football team very unwisely went on strike. A black student had refused to eat until a list of racially-based demands were met. Some on the football team were sympathetic and it quickly morphed into the biggest catastrophe in the annals of higher education. The university would lose hundreds of millions, athletic donations dropped 72 percent, ... (click for more)

UTC's Arnold Scores Lone Goal In Women's Soccer Win

University of Tennessee at Chattanooga freshman Chloe Arnold’s goal, late in the match proved to be the game winner as the Mocs defeated Western Carolina 1-0 Sunday afternoon in Southern Conference women’s soccer action.   Chattanooga improves to 3-6-2 on the year and 1-1 in SoCon action while the Catamounts move to 3-7-1 overall and 0-2 against the league.   “Hard ... (click for more)

Mocs Volleyball Sweeps UNCG For First SoCon Win

After falling in back-to-back matches at home for the first time since 2014, the Chattanooga Mocs volleyball team rebounded with a convincing 3-0 (25-23, 28-26, 25-18) sweep over UNCG in Maclellan Gymnasium  on Saturday  night.   Following the win, Chattanooga improves to 8-8 overall and 1-1 in the SoCon this season while UNCG falls to 8-6, 1-1 in the conference. ... (click for more)