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Fifth Third, First Horizon Revive Branch Deal

Stock quotes in this article: FITB , FHN , MTB , SBIB  

Fifth Third(FITB Quote) and First Horizon(FHN Quote) appear to have settled their differences regarding the sale of some branches.

First Horizon has agreed to sell nine branches in the Atlanta area to the Cincinnati-based bank for an undisclosed amount. Fifth Third will take on the branches, offer employment to branch staff and deposits, while Memphis-based First Horizon will retain all loans at the branches.

The loans seem to be a contentious issue between the two companies. ...

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