Two troubled loans have given Franklin Financial Network executives nearly $19 million of indigestion as they prepare to sell their company to their local peers at FB Financial Corp.
Cracker Barrel Old Country Store executives have drawn down the $487 million available to them under their revolving credit line and suspended their dividend and stock buyback programs as they process the COVID-19 shockwave.
The leaders of J. Alexander’s Holdings have joined a handful of other local public companies in maxing out their available credit as they seek to buffer the blows from the spread of COVID-19.The Nashville-based restaurant chain’s executives on Tuesday said they have drawn down the $17 millio…
A New York investor specializing in distressed assets has called on the board of Quorum Health Corp. to adhere to its fiduciary duties to shareholders and turn away from talks with private equity giant KKR about a possible reorganization.
A legal challenge to Reliant Bancorp’s plan to buy the second-largest bank in Montgomery County has been dismissed by a Davidson County chancellor.
A Texas-based oil refining and marketing company controlled by famed activist investor Carl Icahn has in the past six weeks spent nearly $140 million on Delek US Holdings shares and says it wants to talk about acquiring the Brentwood company.
The leaders of Tractor Supply late last week added $200 million of padding to their balance sheet by expanding their lending arrangement with a group led by Wells Fargo Bank.
There was no hiding Monday for Nashville-area stocks as investors continued to assess the economic damage being done by the spread of the novel coronavirus and its associated COVID-19 illness.
Many Middle Tennessee-based stocks tumbled more than 10 percent Monday amid a broad rout stoked by an oil price war and fears over the spread of COVID-19, the illness caused by the novel coronavirus.
Former Franklin Financial Network CEO Richard Herrington has signed deals to buy two area community banks that will be housed under his new Lineage Financial Network umbrella.
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. […]