Profits pop at local banks but gains getting more concentrated

Also worth watching: Has sector's bad-loan load bottomed out?
May 29, 2015 2:46 PM

Pinnacle in talks for debt to help fund acquisitions

Execs also eye holding company loan payoff
May 20, 2015 7:24 AM

Maury bank being freed from FDIC consent order

Lender still faces some regulatory restrictions after shedding almost a third of assets
Nov 12, 2014 2:45 PM

Former Tennessee Commerce execs barred from banking by FDIC

Federal Deposit Insurance Corp. regulators in late July barred Art Helf, a co-founder and former chairman and CEO of Tennessee Commerce Bancorp, and Lamar Cox, who was at times chief administrative officer, CFO and COO at the failed bank, from holding any position of authority in a financial business under the agency's purview. Helf, on the left in our photo, and Cox are the second and third former execs of Tennessee Commerce to come under regulatory fire: Earlier this year, the FDIC said it was going after former CEO Mike Sapp for alleged breaches of his fiduciary duty. The orders against Helf and Cox, which were made public late last week, came after both men waived their right to a hearing on the FDIC's charges but neither admitted to nor denied those claims.

Sep 2, 2014 12:59 PM

FDIC wants to fine ex-Tennessee Commerce CEO $485K

Regulators: Sapp's 'personal dishonesty' and 'willful and continuing disregard' for bank's safety cost at least $5M
Jun 2, 2014 7:37 AM

BofA takes over area deposits lead

But top duo loses almost 3 points of share in FDIC report; Pinnacle, First Tennessee and others post nice gains
Oct 1, 2013 6:54 AM

Community South Bank closed down

Community South Bank, which was based in Parsons and ran 14 offices across the state, was closed Friday afternoon by regulators. The $400 million-asset bank is being taken over by Russellville, Ala.-based CB&S Bank., which has assets of $1.3 billion and operates one of its 43 offices in Murfreesboro. Community South rang up a first-half loss of $5.9 million — thanks mainly to bad real estate loans — after finishing 2012 with a $7.3 million loss. CB&S also is buying about a third of its assets. Check out the FDIC's info on the closure here.

Aug 23, 2013 6:21 PM

FDIC goes after ’Bama borrower for Tennessee Commerce

Quest to recover cash from failed bank continues
May 30, 2013 12:52 PM

Community First's capital gap shrinks some more

Bank holding company Community First Inc. continues to make progress toward the capital levels imposed on it by the Federal Deposit Insurance Corp. in September 2011 even though it posted only a tiny first-quarter comprehensive profit. The parent of Community First Bank & Trust now needs $7 million in capital to meet the FDIC's heightened requirements, which means it may still have put its shareholders through a very dilutive stock offering. But the gap is now $4 million smaller than it was at the end of 2012, which was itself a decent improvement from Q3's $15.3 million.

Another note from the company's quarterly report filed last week: Because Community First has missed six straight dividend payments on the $18 million of preferred stock it sold to the U.S. Treasury four years ago, the feds now have the right to put two representatives on the company's board.

May 13, 2013 6:44 AM

Analysis: More headaches becoming history

Q4 area bank results show profit growth, another big drop in bad loans
Feb 27, 2013 2:57 PM