First Tennessee acquisition will bring products, talent to Jax

(Courtesy of Jacksonville Business Journal) First Horizon National Corporation (NYSE: FHN), parent company of First Tennessee Bank, completed its acquisition of Capital Bank Financial Corp. (Nasdaq: CBF) Friday. First Horizon announced the $2.2 billion acquisition in May. The merger will give First Horizon approximately $40 billion in assets, $32 billion in deposits, $27 billion in … Continue reading First Tennessee acquisition will bring products, talent to Jax

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Atlantic Coast Bank, one of last locally owned banks, acquired for $145 million

(Courtesy of Jacksonville Business News) Ameris Bancorp (Nasdaq: ABCB), the parent company of Ameris Bank, announced Friday an agreement to acquire Atlantic Coast Financial Corporation (Nasdaq: ACFC), parent company of Jacksonville-based Atlantic Coast Bank. Atlantic Coast operates 12 banking locations across Jacksonville; Waycross, Georgia and Douglas Georgia. The bank held $1.5 billion in deposits. Ameris … Continue reading Atlantic Coast Bank, one of last locally owned banks, acquired for $145 million

The end of local banks in Jacksonville – Why this might matter to customers

(Courtesy of Jacksonville Business News)    FirstAtlantic agreed to an acquisition in August. The Jacksonville area has seen a mass exit of locally owned and operated banks over the last 15 years through closures and acquisitions. A dozen local banks in Northeast Florida have closed or been acquired since 2002, Federal Deposit Insurance Corporation records … Continue reading The end of local banks in Jacksonville – Why this might matter to customers

Jax among the best places to live for finance professionals

(Courtesy of Jacksonville Business News)   Jacksonville is among the best cities in the country to live if you are a financial professional, according to apartment-finder Abodo.   Jacksonville landed 17th in the nation among places to live for financial professionals in an Abodo ranking that considered job concentration, salary, rent and more. Jacksonville was … Continue reading Jax among the best places to live for finance professionals

Why smart financial professionals are embracing blockchain and cryptocurrencies

(Courtesy of Jacksonville Business Journal) Blockchain is a game-changer for professionals in financial services. Ignoring it would be like clinging tenaciously to your abacus in the face of computers armed with electronic spreadsheets in the early ’80s. This smart, decentralized, trusted and highly-encrypted network is already changing the face of business for financial professionals. Now … Continue reading Why smart financial professionals are embracing blockchain and cryptocurrencies