Alabama’s ServisFirst Bank moves into Memphis market
The new Memphis location is the second Tennessee branch for the Alabama-based commercial bank, which has assets exceeding $16 billion.
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The new Memphis location is the second Tennessee branch for the Alabama-based commercial bank, which has assets exceeding $16 billion.
Like Union Planters, which was acquired by Regions in 2004, and National Bank of Commerce, also acquired in 2004 by SunTrust, First Horizon could not avoid industry consolidation forever.
FHN Financial will move its offices next May from one East Memphis office building to another.
First Horizon officials confirmed that it plans to close three Memphis branches and one in Southaven next month.
Arkansas-based Simmons First National would pay $146.3 million in stocks and bonds for Landmark Community Bank, and $131.6 million for Triumph Bancshares.
Banking company plans to grow Memphis presence, establish permanent office in the Crescent Center in East Memphis.
Financial Federal Bank has joined a lender network to help expand the Memphis-based bank’s presence nationwide.
The student-run bank teaches students more about money and customer service, skills they will carry with them for the future.
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