First Horizon National Corp. Completes Acquisition Of Capital Bank Financial Corp.

Friday, December 1, 2017

First Horizon National Corporation announced Friday that it completed its acquisition of Capital Bank Financial Corp. Effective Nov. 30, Capital Bank Financial merged into First Horizon, and its subsidiary, Capital Bank Corporation, merged into First Tennessee Bank National Association.  

The merger brings together two financial institutions under the First Horizon family of companies and creates the fourth largest regional bank in the Southeast with approximately $40 billion in assets, $32 billion in deposits, $27 billion in loans and 350 branches in Tennessee, North Carolina, South Carolina, Florida, Mississippi, Georgia, Texas and Virginia.  

“We are excited to complete the merger of First Horizon and Capital Bank Financial and expand the capabilities of our company,” said Bryan Jordan, chairman and CEO of First Horizon. “We are proud to merge the talented teams at First Tennessee and Capital Bank to create an even stronger regional bank that offers differentiated customer service and enhances our presence throughout our markets.”

First Horizon, which is headquartered in Memphis, will retain its First Tennessee Bank brand in Tennessee, where it has a 153-year history. Branches outside Tennessee market areas will use the Capital Bank name.  

“We’re excited about this opportunity to be a part of the region’s most respected family of financial institutions with a history of exemplary customer service,” said Gene Taylor, chairman and CEO of Capital Bank Financial. “There’s no doubt that the strength and talent of these combined organizations propels us forward and enhances our capacity to deliver sophisticated, high-touch financial service.” 

Mr. Taylor and Peter N. Foss, members of the Capital Bank Financial Board of Directors, have joined the First Horizon Board of Directors. Mr. Taylor also became vice chairman of First Horizon. 

Barclays Capital Inc. and Morgan Stanley & Co. LLC served as financial advisors to First Horizon, and Sullivan & Cromwell LLP served as First Horizon’s legal advisor. Sandler O’Neill + Partners L.P. and UBS Investment Bank served as financial advisors to Capital Bank Financial, and Wachtell, Lipton, Rosen & Katz served as Capital Bank Financial’s legal advisor.




TBI Releases Annual Statewide Crime Study, Revealing Increases Across Tennessee

The Tennessee Bureau of Investigation released its 2017 ‘Crime in Tennessee’ report on Friday, revealing a slight overall increase in reported instances of crime in the most recent reporting year. The annual study compiles data reported from each law enforcement agency in the state through the Tennessee Incident Based Reporting System (TIBRS). The TBI’s sophisticated crime ... (click for more)

Reliance Partners Announces New V.P. Of Risk Services, John Seidl

Reliance Partners announced the addition of John Seidl as V.P. of Risk Services. Mr. Seidl is recognized as a leading expert in DOT commercial transportation compliance.   As a former Wisconsin State Motor Carrier Trooper and FMCSA investigator with more than 20 years of experience in risk services, Mr. Seidl is well-versed in the transportation insurance space. He ... (click for more)

1 Person Killed In Plane Crash At The Collegedale Airport

A person was killed in a plane crash on the runway of the Collegedale Airport on Friday evening. Charles Swain, who is the director of the airport, said the plane is a total loss. It was a single-occupant plane. He said the plane was taking off when it crashed. He said the person who died frequently had flown out of the Collegedale Airport. The FAA and NTSB are investigating ... (click for more)

$26.2 Million Grant Awarded For Bradley County Veterans Home

A $26.2 million U.S. Department of Veterans Affairs State Veterans Home Grant has been awarded for the construction of the future Bradley County Tennessee State Veterans Home. “Today is a monumental day for the veterans of East Tennessee, and I am thrilled that they have finally received the long overdue grant funding for the Bradley County Tennessee State Veterans Home," said ... (click for more)

A Tribute For My Brother – Sgt. Jonathan Gardner, U.S. Army

Seven years ago today, my family and I found out that my brother, Sgt. Jonathan D. Gardner, was seriously injured by a roadside bomb, (explosively formed penetrator - EFP), while on a mission in Kuwait. The EFP went through the bottom of his seat and put a softball size hole in his upper thigh. The doctors said that if the bomb had entered the Humvee an inch to the right, he ... (click for more)

Roy Exum: The Saturday Funnies

All of us who marvel at the sound of bagpipes at a funeral realize the majesty that people like piper Scottie Maclellan can lend to any “homecoming” and for years there has been a wonderful tale out of Nova Scotia that leads this week’s parade of The  Saturday  Funnies. Mind you, I do not write these stories, as many who have followed man’s laughter down through the ... (click for more)