First Horizon National $2.2 billion acquisition of Capital Bank Financial

Overview:

• Bank First Horizon National has acquired Capital Bank Financial in a $2.2 billion deal.
• With the purchase of Memphis-based Capital Bank, First Horizon expands its presence in the Southeastern US.
• Barclays Capital and Morgan Stanley acted as financial advisers for First Horizon.
• Sandler O'Neill + Partners and UBS Investment Bank acted as financial advisers for Capital Bank.
• The transaction is expected to close in the fourth quarter of 2017.

Kurt Stumpo - Journalist