Franklin Synergy bank has invested $1 million into a program that provides low-income, first-time home buyers with assistance towards a down payment.
Bill Carpenter, the former chairman and CEO of LifePoint Health, has been elected to the board of FB Financial, the parent of FirstBank that will soon have $10 billion in assets.
Brentwood-based Reliant Bank is wrapping up two mergers announced last year, but executives said the company could resume acquisitions later this year.
Nashville-based FirstBank hopes to retain all Franklin Synergy bankers as the companies move forward with a planned merger.
The CEO of Reliant Bancorp on Wednesday said his team’s two recently announced acquisitions will likely keep the Brentwood lender out of the M&A market until the middle of next year.
As they wrap up nearly a year of transition work, Franklin Financial Network executives on Thursday said they are more likely to invest in new talent than in a share buyback plan.
DeVan Ard and his team at Reliant Bancorp have agreed to pay about $123 million in stock and cash for the second-largest lender in Montgomery County, a deal that will grow Reliant to about $3 billion in assets and give it a 30-office footprint from Clarksville to Columbia.
The charitable arm of Jackson National Life Insurance Company, which has a large office in Franklin, will donate Dave Ramsey’s personal finance curriculum to 500 high schools.
The Franklin personal finance and media company Ramsey Solutions is launching a new campaign that is supposed to help students go to college without taking on debt.
Scott Smith. / Photo courtesy of Mitsubishi North America By MATT BLOIS Mitsubishi has hired an AutoNation executive to run its parts and services business. This is the first outside hire that Mitsubishi has announced since it decided to move its headquarters from California to Tennessee in June. In July, the company promoted two longtime […]
By MATT BLOIS The Brentwood hospital chain Quorum Health lost about $17 million in the second quarter of 2019. During the same quarter last year Quorum reported a loss of $26.6 million. Operating revenues for the current hospital portfolio fell from $458.5 million in the second quarter of 2018 to $442.4 million during the same […]
By MATT BLOIS The Brentwood payment processing company COMDATA has acquired a payroll business that serves employees outside of the traditional financial system. COMADATA purchased SOLE, a finance company located in Oregon, this month. The company issues debit cards and allows employers to deposit paychecks directly onto the card. COMDATA launched a similar product called […]
Brian Heinrichs has been named President and Chief Banking Officer of Tennessee Bank & Trust. He will step into this role on July 1. Dan Andrews, Jr. will continue in his position as Chairman and Chief Executive Officer. For the past five years, Heinrichs served as Chief Financial Officer at INTRUST Bank, a $5 billion […]
For the third consecutive year, Mitzi Michaelson, a wealth manager at Merrill Lynch in Brentwood, has been named by Forbes as one of “America’s Top Women Wealth Advisors” for 2019. Michaelson received her undergraduate degree from Millsaps College and received an MBA from Middle Tennessee University. With more than 19 years of experience providing financial […]
First Horizon National Corporation (NYSE:FHN) on Wednesday announced that it will bring together its family of companies under a unified set of brand names and a new logo. In the fall, Capital Bank, First Tennessee Bank, FTB Advisors, and FTN Financial will become First Horizon Bank, First Horizon Advisors and FHN Financial, respectively. The unification […]
NashvillePost.com The leaders of Brentwood-based Reliant Bancorp aren’t letting grass grow under their feet when it comes to buying back the company’s shares. Reliant’s board of directors last December authorized a $12 million repurchase plan after the stock had followed many other banks down from its summer highs, sliding from nearly $30 to about $23. […]
By Geert De Lombaerde NashvillePost.com Regional lender Renasant Bank has lured a longtime Franklin Synergy Bank executive to be its mortgage production manager. Stephen Lewis joins Renasant, which runs six area retail offices and has about 1 percent of the deposit market, with more than 27 years of mortgage experience. He had been at Franklin […]
Kevin Blankenship has been elected as the 2019 President of the Nashville Mortgage Bankers Association. Blankenship is a Mortgage Loan Originator at First Citizens National Bank in Franklin, Tennessee. He has been a mortgage professional since 1993. He is a graduate of Western Kentucky University. First Citizens National Bank, founded in 1889 in Dyersburg, Tennessee, […]
“Wait, you are saying you can’t sell my business even though I consistently make $1 million a year? I don’t know how you do things in Tennessee, but here in Florida, I think my business would be considered quite sellable.” Brian (not his real name) is a third-generation orange grove owner. His family has owned […]
New analysis of cash collections throws up $65M of red flags NashvillePost.com The leaders, directors and accounting firm of AAC Holdings say the provider of addiction treatment services will need to restate its financial reports by about $40 million since the beginning of 2016 and another roughly $25 million before that. In a filing with […]
Exec previously with Franklin Synergy also held similar roles at Avenue, Aerial Development Group NashvillePost.com Reliant Bancorp on Friday said it has hired veteran local finance executive David Kowalski to be its chief accounting officer and controller. Kowalski comes to Brentwood-based Reliant from Franklin Synergy Bank, where he had been director of financial operations since […]
By MATT BLOIS Many of the best wealth advisors in Tennessee are from Williamson County, according to an annual ranking from Forbes released last month. Five of the top 10 wealth managers, as ranked by the magazine, live in Williamson County. In total, 17 people from Williamson County made it on to the list of […]
First Tennessee Bank, a member of the First Horizon National Corp. (NYSE:FHN) family of companies, that also includes Capital Bank, announced a $500,000 investment to provide access to capital for start-ups and small businesses. The company has partnered with Chattanooga-based BrightBridge, Inc. whose mission is to reduce barriers to business growth by customizing loan packages and advisory […]
First Tennessee Bank, member of the First Horizon National Corp. (NYSE:FHN) family of companies, which includes Capital Bank, today announced that Ben Wheeler has joined the bank as the financial center manager of First Tennessee’s main branch in Franklin, Tennessee. The main office recently reopened in the 231 Public Square building in downtown Franklin following […]
NashvillePost.com Brentwood software developer Ncontracts has bought a Charlotte peer that helps banks and other lenders comply with fair lending regulations, rounding out the local firm’s suite of risk management services. Terms of Ncontracts’ deal for Trupoint Partners are not being disclosed. The North Carolina company is home to about 20 people and is now […]
Brentwood Mayor Jill Burgin will join Tennessee Bankers Association President Colin Barrett and CapStar Bank President and CEO Claire W. Tucker at 10 a.m. on Thursday for the Grand Opening of CapStar’s new Brentwood Financial Center at 5120 Maryland Way. Burgin and Barrett will join Tucker in the official ribbon-cutting at 10:30 a.m. The building most recently housed a […]
Franklin Financial executives on Wednesday said the company’s directors have approved its first quarterly dividend and authorized a $30 million share repurchase program. The dividend declaration of 4 cents per share — it will be payable to investors of record Feb. 15 — will give Franklin Financial a dividend yield of about 0.6 percent. The […]