Community First out of the regulatory woods

Columbia-based Community First Bank & Trust is, as of Sept. 29, no longer operating under any sort of extra regulatory requirements. The bank, which runs eight offices in Maury, Hickman and Williamson counties, had been under an informal memorandum of understanding with regulators since late last year. As recently as 2012, the bank faced a $15 million capital gap as it tried to bounce back from the real estate bust and meet the stringent extra conditions regulators were demanding.

Said Chairman Eslick Daniel in a statement this week: “The board is excited to be planning our future with a focus on serving our community and shareholders rather than correcting the problems of the past. We appreciate the support our regulators have shown in our efforts to improve the health of the Bank, and believe that the lessons of our past will make us a stronger Bank in the future.”

Oct 9, 2015 11:48 AM

BofA adds to local deposit lead

Top dog is only one of top 10 to grow share
Sep 28, 2015 2:46 PM

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