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First Tennessee Bank acquires Professional Mortgage Co.

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First Tennessee Bank acquires Professional Mortgage Co.

Memphis, Tenn.-based First Tennessee Bank NA has acquired the operations and some of the assets of Professional Mortgage Co. Inc.

Professional Mortgage has 23 correspondent life company lenders and services about $1.1 billion in commercial mortgage loans. The deal will see First Tennessee's commercial real estate team expand by 11.

First Tennessee is a subsidiary of First Horizon National Corp.