A West Coast bank is adding a Nashville-based managing director to its newly expanded health care banking division.
Irvine, California-based Opus Bank has hired Gregory Ratliff as a managing director of health care banking. Ratliff joins the company from Regions Bank, where he served as relationship manager of corporate health care. Previously, he served as senior vice president and chief credit officer of US Bank's health care division.
Ratliff will join the bank's provider group and focus on client relationships across all health care sectors. Opus also hired Frank Balkum, based in Tampa, to the bank's practice group.
"The additions of [Ratliff and Balkum] complement our current West Cost-based health care banking team and enable Opus to better provide banking services to health care providers, practices, professionals, organizations, manufacturers and investors nationwide," Michael Allen, Opus co-president, said in a release.
Pinnacle Financial Partners has added Kim A. Boone as a senior vice president and trust services advisor at its financial center in Murfreesboro.
Boone has 30 years of financial services experience, spending the last 12 years at First Farmers and Merchants Bank in Columbia. She served as a senior personal trust officer in her most recent role.
Boone earned both a bachelor’s and a master’s degree in business administration from Mississippi College. She is also a graduate of the Southern Trust School.
“Kim’s extensive trust experience and industry involvement will be a tremendous asset to Pinnacle,” Robert Newman, trust services manager for Nashville-based Pinnacle, said in a release.
Shares of Diversicare Healthcare Services Inc. soared Tuesday, finishing trading up 85 cents (or about 12 percent). The increase ranked the company No. 12 on the Yahoo Finance Most Active Gainers list for the day (see here). The surge came as the Brentwood-based company announced Tuesday it is assuming operations of three leased facilities in Missouri, totaling 339 beds.
Shares of Diversicare (Ticker: DVCR) finished the day at $7.89. Year to date, they're up almost 70 percent.
Customers of First Tennessee Bank should soon find it easier to make remote deposits to their bank accounts without the inconvenience of taking a paper check to a teller or ATM.
First Tennessee, which is part of First Horizon National Corp., has selected WAUSAU Financial Systems to provide remote deposit capture (RDC) services. Terms of the deal were not disclosed in a release.
The solution, called Deposit 24/7, is expected to go live in July. It will include location awareness tracking to identify where RDC deposits are captured and transmitted.
RDC services allow a customer to scan checks and transmit the images to the bank to create a digital deposit. First Tennessee, an early adopter of RDC, said it wanted a partner that could provide improved risk monitoring functionality to meet regulatory and compliance requirements as well as more RDC functionality. That includes payment capture, accounts receivable system integration and export features.
First Tennessee also sought training and support for its RDC customers as well as the ability to offer more options for scanners and drivers while simplifying the scanner licensing process.
WAUSAU Financial System’s Location Awareness provides alerts if deposits are made somewhere other than the expected location, making any fraudulent activities easier to spot.
“First Tennessee Bank prides itself on maintaining a high customer retention rate, which speaks to our positive customer satisfaction rating. To ensure satisfaction, we recognize the importance of the customer experience,” said Taylor Vaughan, director of Treasury Management Services at First Tennessee Bank. “It’s our hope that through a more flexible RDC offering and robust implementation and training courses offered by WAUSAU, our customers, too, will be pleased with this partnership.”
Wealth management company Truxton Trust announced today it has elected local marketing executive Jeffrey Buntin Jr. to the board of directors of Truxton Trust and Truxton Holdings.
Buntin (pictured) is the president and CEO of The Buntin Group. He also serves on the board of the Ensworth School.
"We are honored to have Jeffrey Buntin Jr. as a new member of our board," Tom Stumb, Truxton president and CEO, said in a release. "His firm, The Buntin Group, is the largest brand and marketing communications firm in the state and was named Tennessee's Top Agency in 2013 by ADWEEK Magazine. His firm represents some of the country's major companies and was instrumental in the creation of our new identity from Nashville Bank & Trust to Truxton Trust."
Green Hills-based InsBank announced today it has added Patrick Wright as first vice president and relationship manager.
Wright’s responsibilities will include commercial lending and relationship development. Prior to joining InsBank (stylized as INSBANK), he served as senior vice president and area executive for First South Bank in Hilton Head Island, South Carolina. Before that, he was a banking officer for SunTrust Bank in Murfreesboro.
“Patrick has a strong background in working with businesses of all sizes, and he has deep roots in Middle Tennessee. He is a welcomed addition to InsBank,” Jim Rieniets, InsBank president and CEO, said in a release. “His experience will help our bank continue to grow, and we’re confident he’ll only strengthen the reputation we’ve built for providing superior client service and top-notch financial advice to our clients.”
Wright, who is a member of Rotary International, Boys & Girls Clubs and the American Heart Association, earned a bachelor’s degree in finance from Middle Tennessee State University and is a graduate of Tennessee Commercial Banking School at Vanderbilt.
Brentwood-based Lattimore Black Morgan & Cain announced today the hiring of Cecil Fuller as director of business development.
Fuller (pictured) returns to LBMC after a two-year absence. He previously served the company as a business development director for the Mobile Solutions Group/Strategic Services division. Prior to that, he worked for LBMC Technologies in the business development division.
“The LBMC Family of Companies has had a tremendous year of growth as we continue to focus on our clients’ needs in this ever-changing economy,” Mike Cain, LBMC co-managing partner, said in a release. “Cecil has in-depth knowledge of LBMC from his previous time here. Also, as a Nashville native, he has a solid understanding of the Tennessee business environment and strong relationships in the community. It’s great to welcome him back to LBMC and I know he will be instrumental in our continued growth in the years to come.”
Fuller earned a Bachelor of Science degree in business management from Lipscomb University.
Bank of America Merrill Lynch analyst Kevin Fischbeck named HCA Holdings and Community Health Systems as his top picks Tuesday, saying improved profits were a likely result of the Affordable Care Act.
Fischbeck raised his price target for HCA by $3 to $65 and maintained his CHS target of $63, and also singled out LifePoint Hospitals. Citing fewer bad debts and charity cases in the first quarter through Medicaid expansion, Fischbeck said reform benefits were clear. As coverage ramps up in the second quarter, hospitals should continue to benefit.
"Once people get insurance, there is an immediate change in how payments flow through the system," he said.