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.


Latest Hamilton County Jail Booking Report - And Mug Shots

Here is the latest jail booking report from Hamilton County: ALLEN, BRIAN PATRICK 7337 VALLEY LANE HIXSON, 37343 45 Hamilton County POSSESSION OF MARIJUANA MOTORCYCLE HELMET LAW VIOLATION IMPROPER PASSING (NO PASSING ZONES) POSSESSION OF DRUG PARAPHERNALIA ALLEN, THADDEUS JOEL 3401 CAMPBELL ST #313 CHATTANOOGA, 37406 21 Hamilton County DOMESTIC ... (click for more)

Crimestoppers: Robbery At Highway 58 Family Dollar

Crime Stoppers and the Chattanooga Police Department are seeking information on a robbery from a business that occurred at the Family Dollar at 4749 Highway 58 on Oct. 21.  Chattanooga Police need the public's help with the identification of the suspects in the pictures. One suspect was observed through surveillance video entering the store displaying a handgun. Both suspects ... (click for more)

Congratulations To Ron Hughes

Hearty congratulations to Ron Hughes for being selected as Tennessee State Elementary Principal of the Year for 2014. Wherever Ron has been assigned as principal, he has exhibited strong leadership both academically and morally. His faith in God and his love for the students of Hamilton County have guided his actions and everyone that has benefited from the excellent education ... (click for more)

Roy Exum: Brittany’s Days Dwindle

So here we are, facing what is known as “Devil’s Night” before Halloween comes, and the almost macabre news now comes that Brittany Maynard, the beautiful girl who has chosen to end her life as soon as Saturday, is struggling to meet her own deadline. She has inoperable brain cancer and, at best, only months to live. The 29-year-old, who was married shortly before her devastating ... (click for more)

Notre Dame Soccer Advance to A-AA State Semis

MURFREESBORO - Juniors Sofia Olenchek and Emma Higgins scored two goals each to lead Notre Dame to a 4-0 victory against No.14 Spring Hill here Wednesday night in a TSSAA A-AA State Girls Quarterfinals at the Richard Siegel Soccer Complex. The win advances unranked Notre Dame (11-5-4) to the state semis against Jackson Christian Thursday at 5 p.m. EDT. No.6 Jackson Christian ... (click for more)

CCS Soccer Wins 1-0; Advances to State Semis

MURFREESBORO - Freshman striker Olivia Hoffman was in the right place at the right time as her goal in the 26th minute proved to be the match winner as No.25 Chattanooga Christian defeated No. 8 Hume Fogg, 1-0, here Wednesday in a TSSAA A-AA State Girls Soccer Quarterfinal at Richard Siegel Soccer Complex. "The ball bounced off a couple of players and I was able to put it in ... (click for more)