First Tennessee still sees plenty of local opportunity

By Geert De Lombaerde Posted on November 16, 2009 at 10:02 am

In an update of its analyst packet, First Horizon says its retail branch network in Middle Tennessee has the potential to grow big time, pointing to the lower deposit levels at its new branches. Getting the 25 office built since 2003 up to snuff would lift First Tennessee’s local deposits by more than $700 million. (In the most recent FDIC snapshot, First Tennessee checked with $1.6 billion in deposits, slipping to sixth in Nashville-area deposit market share.)

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Tags: banking, deposits, First Horizon National Corp.  

Flying to GreenBank’s safety

By Geert De Lombaerde Posted on January 22, 2009 at 10:58 pm

As the last part of the red-hued earnings report it pre-announced before New Year’s, the parent of GreenBank says its Middle Tennessee deposit base grew by almost $20 million last quarter.

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Tags: banking, deposits, earnings reports, Green Bankshares Inc.