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Apex Bank closes Capital Bank branch acquisitions


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Apex Bank closes Capital Bank branch acquisitions

Apex Bank of Camden, Tenn., has closed its acquisition of two Capital Bank Financial Corp. branches.

Account conversion, according to Apex's website, is scheduled for the weekend of March 23.

Capital Bank's sale of its Baileyton and Towne Square sites, both in Greeneville, Tenn., were in compliance with an agreement with the U.S. Department of Justice and Federal Reserve and in connection with Charlotte, N.C.-based Capital Bank's merger into Memphis, Tenn.-based First Horizon National Corp.

Apex Bank had $524.9 million in assets at the end of 2017. First Horizon had $41.42 billion.