VOL. 133 | NO. 88 | Wednesday, May 2, 2018
First Tennessee Laying Off 58 in Greeneville
Daily News staff
First Tennessee Bank is laying off a few dozen employees in Greene County, Tennessee, a move that’s related to the bank’s merger with Capital Bank Financial Corp.
The layoffs come as First Tennessee has consolidated operations at the locations that remain in Greene County after First Tennessee and Capital Bank jointly agreed to divest two branches.
A WARN notice was filed with the Tennessee Department of Labor and Workforce Development announcing 58 layoffs. Those come at 100 N. Main, which was a Capital Bank branch that’s being converted to a First Tennessee location.
The First Horizon merger with Capital Bank was finalized Nov. 30, 2017. It created the fourth-largest regional bank in the Southeast based on asset size, giving the combined entity $40 billion in assets, $32 billion in deposits, $27 billion in loans and more than 300 branches in Tennessee, North and South Carolina, Florida, Mississippi, Georgia, Texas and Virginia.