FTN Financial Completes Acquisition of Coastal Securities
April 03 2017 - 1:30PM
FTN Financial, a division of First Tennessee Bank, has completed
the acquisition of Coastal Securities, a national leader in the
trading, securitization and analysis of Small Business
Administration (SBA) loans. Coastal also trades United States
Department of Agriculture (USDA) loans and fixed income products
and provides municipal underwriting and advisory services to its
clients.
Michael E. Kisber, president of FTN Financial, said, “We are
proud to have the Coastal Securities team join FTN Financial. The
experience this group brings to our firm will allow us to serve our
customers with greater depth of product, coupled with the
exceptional service that is a hallmark of FTN Financial.”
Combined with FTN Financial’s existing SBA trading activities,
this acquisition establishes an additional major product sector for
FTN Financial, resulting in increased revenue and product
diversification.
About FTN FinancialFTN Financial (comprised of
FTN Financial Capital Markets and FTN Financial Securities Corp) is
a member of the First Horizon National Corp. (NYSE:FHN) family of
companies. FTN Financial is an industry leader in fixed income
sales, trading and strategies for institutional customers in the US
and abroad and provides investment services and balance sheet
management solutions. With an average daily trading volume of $5+
billion, FTN Financial transacts business with more than 5,000
institutional customers and approximately 50 percent of all US
banks with portfolios of more than $100 million.1 More
information is available at www.FTNFinancial.com.
1 For 24-month period ending 4Q16.
CONTACT:
Investor Relations: Aarti Bowman, (901) 523-4017, aagoorha@firsthorizon.com
Media Relations: Sally Pace, (901) 435-7956, sally.pace@ftnfinancial.com
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