Healthways drops E&Y after more than a decade

Fellow Big Four firm beats out incumbent, two others
Jul 9, 2014 7:00 AM

Wealth Access picks up the pace

The team at investment reporting platform developer Wealth Access says it now aggregates $7 billion in assets for clients and is adding $600 million a month, more than double its 2013 growth pace. The Nashville-based company this spring wrapped up a funding round that pushed its total amount of money raised to more than $3 million.

“Next generation investors bring a different mindset and expectation to wealth management that has multiple technology touch points,” said Benskin. “Wealth Access, with its aggregation capabilities, multi-generational wealth views and collaboration platform can be the ideal solution for advisors looking to better serve their HNW clients and help them educate their children as to what they own, where their wealth is located, and how it all works together in one easy to understand view.”

Jul 9, 2014 6:44 AM

'There were relatively few title changes for an acquisition of this size'

Franklin Synergy's Richard Herrington discusses merger with MidSouth Bank
Jul 3, 2014 10:28 AM

Pinnacle names Holmes VP

Pinnacle Financial Partners has named Pamela Holmes vice president and credit advisor for the bank's small business advisory group.

Holmes previously served at Franklin Synergy Bank as a credit analyst.

The company also has named Justin Shores service specialist for its Royal Oaks office in Franklin.

Shores previously served as a personal banker with SunTrust Bank and First Tennessee Bank as a financial services representative.

Jul 2, 2014 10:00 PM

Franklin Synergy completes acquisition of MidSouth Bank

Merger creates entity with more than $1B in assets
Jul 1, 2014 10:57 AM

Regions adds VP

Banking industry veteran to focus on SBA products
Jul 1, 2014 10:10 AM

National entity lauds FirstBank

The Independent Community Bankers of America has named FirstBank one of the top-performing community banks of its size in the country.

The Lexington, Tennessee-based bank, which has a strong Nashville presence, ranked 17th among Subchapter S community banks with assets of more than $1 billion based on its 2013 returns on equity and assets. The ICBA said FirstBank’s return on equity last year was 12.68 percent and its return on assets was 1.28 percent.

Chris Holmes, FirstBank president and chief executive officer, called the recognition "a great honor for the entire FirstBank team."

"Last year was our second consecutive year of record annual earnings, and that is the result of much hard work and dedication by all our associates in providing high levels of service to our customers,” said Holmes (pictured), who spends significant time working in the Nashville market.

The recognition follows FirstBank's March announcement that it would open a first full-service branch in Huntsville, Alabama, its first outside Tennessee state lines (read more here).

FirstBank has more than $2.2 billion in assets and booked a 2013 profit of $28.0 million, up from $25.1 million the year before.

The Independent Community Bankers of America is the primary trade group for boutique U.S. banks, representing approximately 5,000 small and mid-sized financial institutions.

Jun 29, 2014 10:00 PM

Avenue re-elects four to board

Avenue Bank Founder, Chairman and CEO Ron Samuels has been re-elected to a three-year term on the board of parent company Avenue Financial Holdings Inc., the bank announced today.

Shareholders also re-elected three other board members for three-year terms: David Ingram, president of Ingram Entertainment and DBI Beverage Inc.; Ken Robold, a music industry executive; and Kent Cleaver, who joined the board when he was promoted as president of Avenue Bank in 2012. Cleaver also serves as the company’s COO.

“We are encouraged that our shareholders see value in our company’s leadership," Samuels said. "Having built our bank to $930 million in total assets in just seven years is a strong growth story, and I am confident in the progress we will continue to make together,” Samuels said.

Jun 27, 2014 1:09 PM

CapStar's Tucker wins Ernst & Young award

Claire W. Tucker, president and CEO of CapStar Bank in Nashville, is among three Tennessee executives to receive an Ernst & Young Entrepreneur of the Year Award for the Southeast.

The award recognizes executives for innovation, financial performance and personal commitment to their businesses and communities.

Tucker (pictured) won the award honoring those in the financial services sector. The judges said that "by building customer relationships and tailoring solutions and products to clients," CapStar Bank experienced greater growth than any other bank in Tennessee during 2011. Since then, the community bank has merged, doubled its sales and quadrupled EBITDA.

Karl A. Schledwitz, chairman and CEO of Monogram Foods in Memphis, was the honoree in the food and beverage industry. The company acquires underutilized packaged-meat brands and manufacturing facilities. In 2013, Monogram Foods  had 21 percent revenue growth and has generated significant job growth at the production facilities it acquired.


Dr. Lynn Massingale, executive chairman of TeamHealth in Knoxville, won in the services industry.
TeamHealth is a provider of hospital-based clinical outsourcing. It has more than 9,000 clinicians who see more than 12 million patients a year.

Regional winners are eligible for the EY Entrepreneur Of The Year National Program. Award recipients in several national categories, as well as the EY Entrepreneur Of The Year National Overall Award winner, will be announced Nov. 15.

The Entrepreneur Of The Year National Overall Award winner then moves on to compete for the EY World Entrepreneur Of The Year Award. Now in its 28th year, the program recognizes business leaders in more than 145 cities in more than 60 countries.

 

Jun 26, 2014 10:00 PM

Sound Healthcare assumes new name

Sound Healthcare, which was created in 2006 to provide health insurance for the creative community, has announced it has partnered with New York Life Insurance Co. to offer financial and insurance services under the new name Sound Healthcare & Financial.

"We established Sound Healthcare with the aim of helping songwriters, musicians, artists and other creative types navigate the healthcare system to obtain affordable coverage," said CEO and founder RJ Stillwell (pictured), a music industry veteran. "As we gained the trust of the music industry, clients started approaching us about long-term care, disability insurance and financial planning. We found that so many people in this community had very little knowledge about investing and were not at all prepared for retirement."

Sound Healthcare & Financial, which is based in downtown Nashville, works mainly with entertainment-related organizations and associations, including the Americana Music Association, the International Bluegrass Music Association, Leadership Music and Nashville Musicians AFM Local 257, among others.

The company also serves non-entertainment entities, including the Tennessee Association of Realtors, the Greater Louisville Association of Realtors and the National Association of Veterinary Technicians.

Jun 25, 2014 10:00 PM