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 […]
PHOTOS BY WILSON BANK & TRUST Wilson Bank & Trust held a grand opening at its first Williamson County location in Cool Springs earlier this month, and used the event as an opportunity to make a donation to various Williamson County Schools. As part of Wilson Bank and Trust’s mission to make an impact in […]
Franklin Financial Network, Inc. (NYSE: FSB), the parent company of Franklin Synergy Bank (the “Bank”), on Tuesday announced that its banking regulators have terminated, effective as of January 14, 2019, the Memorandum of Understanding (the “MOU”) previously entered into with the Bank in November 2016 that questioned some of the bank’s policies and practices. “Following […]
CapStar Bank will open its newest financial center in Brentwood at 5120 Maryland Way in Brentwood, former home of Capital Bank, on Monday, January 14. The last day of operations for its original Brentwood branch at 5500 Maryland Way will be Friday, January 11. CapStar Consumer Banking Director Tara Alford has overseen the move and renovation of the […]
ABOVE: This view of southern Middle Tennessee shows in red the areas designated as opportunity zones that are in need of reinvestment. A link to a national map is below. //ECONOMIC INNOVATION GROUP NashvillePost.com Since the summer, the Tennessee Department of Economic and Community Development has conducted various education sessions across the state related […]
Puryear, Hamilton, Hausman & Wood, PLC, of Franklin and McKerley & Noonan, PC, of Nashville, announce the merger of their firms effective January 1, 2019. The combined firm will operate as Puryear & Noonan, CPAs. Puryear & Noonan, CPAs will serve an extended client base, deliver a broad suite of tax and accounting services, and […]
By Geert De Lombaerde NashvillePost.com The executive who last month joined Franklin Financial Network to oversee its strategy has been named the company’s CFO, effectively immediately. Chris Black has taken over the top finance role at the parent of Franklin Synergy Bank from Sarah Meyerrose, who will retire from the 11-year-old company next month. Black recently […]
Wilson Bank & Trust announced the hiring of a trio of financial services veterans to lead its first Williamson County office in Cool Springs, which will open its doors to the public December 3 at 9200 Carothers Parkway, near the Franklin/Brentwood boundary. “This is an exciting time for us as we expand into Williamson County, […]
She could barely hold back the tears. Wanda (not her real name) was telling me how her grandfather started the business after World War II. Her dad took it over in 1974 when her grandfather was diagnosed with Parkinson’s disease. Wanda started in 2002, and her dad poured his heart and soul into training her to take over […]
IMAGE: Wilson Bank & Trust plans to open its first branch location in Williamson County before the end of the year./Submitted Wilson Bank & Trust (WBT), Middle Tennessee’s Community Bank™, announced today the opening of the first Williamson County bank location in the thriving Cool Springs area. The branch, located at 9200 Carothers Parkway, will […]
By BROOKE WANSER Franklin has been ranked number six on Money Magazine’s list of “Best Places to Live” for 2018. It’s not the first time Franklin has been ranked by Money; last year, Williamson’s county seat was fourth on the same list. The article lists “low unemployment, booming job growth, short job commutes, and breweries […]
Nashville-based FirstBank Mortgage has awarded $1,000 scholarships to 66 families as part of the Next Generation Mortgage Scholarship program. In all, $66,000 was awarded to families across Alabama, Georgia and Tennessee. FirstBank mortgage bankers John Phillips, Martin Bennett and Charles Rice awarded a combined six scholarships to students in the Franklin area. Customers who closed […]
The room was full of men and women wearing expensive suits, carrying brand-name leather briefcases and purses. You could land from Mars and guess you were at a conference of private equity professionals. I was invited, along with about 50 other investment bankers/business brokers, to meet with dozens of private equity firms from around the […]
By MATT BLOIS A study by a job search website ranked Brentwood as the most successful city in Tennessee. The study by Zippia used data from the U.S. Census Bureau to calculate the rankings. It measured median income, unemployment rate and the proportion of adults with a college degree. The company ranked cities by those […]
By MATT BLOIS The Brentwood-based Reliant Bank plans to open a full-service retail branch in Murfreesboro by the end of the month. The bank is headquartered in the Cool Springs area. It already has branches in Davidson, Robertson, Sumner, Williamson, Maury and Hickman Counties. It had a loan and deposit production office in Rutherford and […]
TrustCore Financial Services, LLC was included in the prestigious Financial Times Top 300 Ranking of registered investment advisors. Firms were graded based on six factors – adviser assets under management (AUM), asset growth, the company’s age, industry certifications of key employees, SEC compliance record and online accessibility. TrustCore, based in Brentwood’s Maryland Farms, was recognized as one of 300 […]
INSBANK, a Nashville-based commercial bank and mortgage lender, today announced the addition of Stuart Hunter as TMA Medical Banking’s new relationship manager. Stuart will join Blake Wilson, TMA Medical Banking’s Division Head, in growing loans and deposits within the medical community, including doctors and their practices, as well as healthcare companies and medical real estate investors […]
CHART: This chart compares the overall Tennessee Consumer Outlook Index and changes by geographic region since September 2017. The index is measured quarterly. (Courtesy of the MTSU Office of Consumer Research) MIDDLE TENNESSEE STATE UNIVERSITY Middle Tennessee consumers have to most positive views of the current and future economic situations, according to the latest Tennessee […]
By BROOKE WANSER In the second of three readings at last week’s Board of Mayor and Aldermen meeting, officials unanimously voted to approve the city’s budget for the 2019 fiscal year. If final approval is given at next week’s meeting, the new budget will go into effect on July 1, 2018, and will run through […]
Holly Butler, Tony Burchfield, Jane Coleman and Stefanny Perez have joined Pinnacle Financial Partners in Williamson County. Butler built a 15-year career at SunTrust Bank, and now serves as a senior vice president and financial advisor for Pinnacle’s Carothers office. While at SunTrust, her roles included serving as a premier banker, financial center manager, personal banker and a head […]
Franklin Financial Network, Inc. (NYSE: FSB), the parent company (the “Company”) of Franklin Synergy Bank (the “Bank”), today reported that last Friday, after the market closed, S&P Dow Jones Indices announced that the Company will be added to the S&P SmallCap 600 index, effective prior to the opening of trading on Monday, June 18, 2018. The […]
Citizens Financial Group, Inc. (NYSE:CFG) on Thursday announced their intention to purchase the assets of Franklin American Mortgage Company, the Franklin, Tennessee-based national mortgage servicing and origination firm, for $511 million in cash. Franklin American Mortgage has approximately 900 employees and Citizens announced that it expects to maintain a significant presence in Tennessee and Texas […]
PHOTO: CapWealth Advisors Chairman and CEO Tim Pagliara, left, with Dr. Harpreet Singh at the Janet Ayers Academic Center at Belmont University on Tuesday, May 15, 2018./Brooke Wanser By BROOKE WANSER During a lunch hosted by Franklin-based wealth manager CapWealth Advisors, a Harvard scholar and entrepreneur spoke about the future of artificial intelligence and cryptocurrencies […]