trending Market Intelligence /marketintelligence/en/news-insights/trending/qyusi1m1wfb6gxpamkhmlq2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Webster Bank to buy First Tennessee health savings accounts

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


Webster Bank to buy First Tennessee health savings accounts

Waterbury, Conn.-based Webster Bank NA has applied to acquire certain health savings accounts from First Tennessee Bank NA of Memphis.

The transaction will include related assets, certain deposits and other liabilities but no loans or branches.

Webster Financial Corp. is the $26.49 billion-asset holding company of Webster Bank. First Tennessee, a First Horizon National Corp. subsidiary, had $41.20 billion in assets at the end of 2017.

The parties executed their purchase-and-assumption agreement on Feb. 27, according to the filing, and hope to close the deal by May 4. They are requesting the Office of the Comptroller of the Currency to grant approval by April 15.