First Tennessee Bank announces combination with Professional Mortgage Company
October 11 2017 - 5:00PM
First Tennessee Bank National Association, the regional bank of
First Horizon National Corp. (NYSE:FHN), has acquired the
operations and certain assets of Professional Mortgage Company,
Inc. (PMC). Financial terms were not disclosed.
Founded in 1977 in Greenville, S.C., PMC is a leading provider
of institutional debt capital and commercial mortgage loan
servicing. PMC services approximately $1.1 billion of commercial
mortgage loans for its 23 correspondent life company lenders.
Eleven professionals will join First Tennessee’s Commercial Real
Estate team as a result of the transaction, expanding the
capabilities of First Tennessee’s CRE platform.
About First Tennessee Bank First Tennessee Bank
was founded in 1864 and has the 14th oldest national bank charter
in the country, one of the highest customer retention rates of any
bank in the country, and the largest deposit market share in
Tennessee. The FTB Advisors wealth management group has 313
financial advisors and $27 billion in assets under administration.
First Tennessee Bank, FTN Financial and FTB Advisors are part of
First Horizon National Corp. (NYSE:FHN), which has 4,300 employees.
First Horizon has been recognized as one of the nation's best
employers by Working Mother and American Banker magazines. More
information is available at www.FirstTennessee.com.
FHN-G
Contact: James Dowd (901) 523-4305
JEDowd@FirstTennessee.com
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