Capital Bank, part of the First Horizon family of companies, is one of the region’s most respected financial institutions with a history that spans more than 150 years. The nearly 6000 employees of First Horizon National Corporation work hard every day to deliver superior banking, wealth management and capital market services and are proud to represent one of the top 50 largest bank holding companies in size and assets in the U.S.
With convenient locations throughout Florida, North Carolina, South Carolina and Virginia, Capital Bank delivers a wide range of commercial and consumer loans and deposit products, as well as specialized services for complex financial needs.
Gaining Momentum From the Beginning
Capital Bank, formerly part of Capital Bank Financial Corporation, began banking operations on July 16, 2010, when it purchased approximately $1.2 billion of assets and assumed approximately $960.1 million of deposits of three failed banks from the Federal Deposit Insurance Corporation (FDIC).
On September 30, 2010, Capital Bank Financial Corp. invested approximately $175.0 million in TIB Financial Corp., a publicly held financial services company with total assets of approximately $1.7 billion and 28 branches operating under the name TIB Bank in the Florida Keys, South Miami-Dade County and southwest Florida.
Four months later, on January 28, 2011, Capital Bank Financial Corp. invested approximately $181.1 million in Capital Bank Corporation, a publicly held financial services company with approximately $1.7 billion in assets and 32 branches operating under the name Capital Bank in central and western North Carolina.
On July 11, 2011, Capital Bank Financial Corp. consolidated the underwriting, risk and pricing functions of each of its acquired institutions and combined the five institutions under a single information processing system. The banks also merged under the Capital Bank brand coinciding with the system integration.
Later in the year, on September 7, 2011, Capital Bank Financial Corp. invested approximately $217.0 million in Green Bankshares, Inc., a publicly held financial services company having total assets of approximately $2.3 billion and operating 65 branches under the name GreenBank in Tennessee, Virginia and North Carolina. GreenBank transitioned to the Capital Bank brand in February 2012.
On October 1, 2012, Capital Bank Financial Corp. invested $99.3 million in Southern Community Financial Corporation, the holding company for Southern Community Bank with $1.5 billion in assets and 22 branches in Winston Salem, the Piedmont Triad and other NC markets.
On October 26, 2016, Capital Bank acquired CommunityOne for $350 million, with $2.4 billion in assets and 45 branches throughout central, southern and western North Carolina, and Loan Production Offices in Raleigh and Winston-Salem. CommunityOne Bank transitioned to the Capital Bank brand in the February 2017.
Beginning November 17, 2017, Capital Bank merged with First Tennessee Bank and became a member of the First Horizon family of companies. Together, Capital Bank and First Tennessee Bank represent the fourth largest regional bank in the Southeast.
To learn more about First Tennessee Bank including its history and award winning service and culture, please click here.