M&A Deal Summary

Fifth Third Bank Acquires First Horizon National - Nine Atlanta Branches

On February 8, 2008, Fifth Third Bank acquired financial services company First Horizon National - Nine Atlanta Branches from First Horizon

Acquisition Highlights
  • This is Fifth Third Bank’s 25th transaction in the Financial Services sector.
  • This is Fifth Third Bank’s 25th transaction in the United States.
  • This is Fifth Third Bank’s 2nd transaction in Tennessee.

M&A Deal Summary
Date 2008-02-08
Target First Horizon National - Nine Atlanta Branches
Sector Financial Services
Buyer(s) Fifth Third Bank
Sellers(s) First Horizon
Deal Type Divestiture

Target

First Horizon National - Nine Atlanta Branches

Memphis, Tennessee, United States
First Horizon National Corp. - Nine Atlanta Branches is a provider of financial services in US.

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Buyer(S) 1

Buyer

Fifth Third Bank

Cincinnati, Ohio, United States
Category Company
Founded 1858
Sector Financial Services
Employees18,657
Revenue 8.5B USD (2023)
DESCRIPTION
Fifth Third Bank branch in Chicago, Illinois.
Fifth Third Bank branch in Chicago, Illinois.

Fifth Third Bank is a regional US-based bank. Fifth Third provides a variety of financial services including commercial lending, consumer lending, and investment advisory. Fifth Third Bank was incorporated in 1858 and is based in Cincinnati, Ohio.

DEAL STATS #
Overall 25 of 37
Sector (Financial Services) 25 of 31
Type (Divestiture) 2 of 2
State (Tennessee) 2 of 2
Country (United States) 25 of 37
Year (2008) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-02 R-G Crown Bank

Casselberry, Florida, United States

R-G Crown Bank, is a financial service company. R-G Crown Bank operates 30 branches in Florida and three in Augusta, Georgia.

Buy $288M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-06 First Charter

Charlotte, North Carolina, United States

First Charter Corp is a provider of various financial services.

Buy $1.1B

Seller(S) 1

SELLER

First Horizon

Memphis, Tennessee, United States
Category Company
Founded 1864
Sector Financial Services
Revenue 3.1B USD (2021)
DESCRIPTION

First Horizon is a regional financial services company, dedicated to helping clients, communities, and associates unlock their full potential with capital and counsel. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, mortgage, and title insurance services. First Horizon was founded in 1864 and is based in Memphis, Tennessee.

DEAL STATS #
Overall 2 of 3
Sector (Financial Services) 2 of 2
Type (Divestiture) 2 of 3
State (Tennessee) 1 of 1
Country (United States) 2 of 3
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-07 First Horizon Bank - Mid-Atlantic Franchise

United States

First Horizon Bank's Mid-Atlantic Franchise provides a wide range of financial services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-04 Capital Bank Financial

Charlotte, North Carolina, United States

Capital Bank Financial Corp. is a provider of various commercial and consumer banking, and ancillary financial services.

Buy $2.2B
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