Bank's Halt of Sale Triggers Suit -- Fifth Third Wants First Horizon to Seal Deal On 9 Branches

The Commercial Appeal (2007-Current) › February 11, 2008

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Summary

First Horizon National Corp. called off its sale of nine Atlanta- area bank branches to Fifth Third Financial Corp. of Cincinnati on Friday - and got sued by Fifth Third soon after the announcement.

Neither side was saying exactly what caused the deal to collapse; it was supposed to have been completed Friday.

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Bank's Halt of Sale Triggers Suit -- Fifth Third Wants First Horizon to Seal Deal On 9 Branches

But, in the suit, filed in U.S. District Court in Cincinnati, Fifth Third charged that a week before the sale was to close, ...

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