The growth story of Pinnacle Financial Partners was spotlighted this week by well-known market publication Investor's Business Daily, which quotes an analyst as saying the company's recent acquisitions of CapitalMark Bank & Trust and Magna Bank provide a clear long-term growth path. Another noteworthy item: CFO Harold Carpenter says the company will finish the year having hired 20 lenders from regional competitors. That's double the 2014 number and means a handful of people have or will come aboard this quarter.
National HealthCare Corp. and Bank of America have agreed to a new $175 million line of credit that will replace the companies' $75 million deal, which was to have expired Oct. 21. NHC CEO Robert Adams says the new line will let his team complete the roughly $170 million redemption of their preferred shares while continuing to invest in their regular businesses. The credit line will mature on five years.
Shares of Murfreesboro-based NHC (Ticker: NHC) are changing hands this morning around $63.30, flat on the day and for the year.
First Tennessee Bank has hired three treasury management professionals, two of them from SunTrust Bank, and relocated another from its Memphis operations. Moving over from SunTrust are treasury management sales officers Tammy Lea and Melinda Hagans, who spent the last 23 years and 35 years, respectively, at SunTrust. Also new to First Tennessee is client specialist Katie Burt, who has moved from Fifth Third, where she had worked since 2009. In addition, treasury management sales officer Emily Gotcher has moved to Middle Tennessee. She has 16 years of banking experience and has been with First Tennessee for nine of those.
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