Surprise: Tennessee Bank Starts a Wholesale Unit

Even though some mega banks have been exiting the wholesale arena en masse, BankTennessee of Collierville is jumping in.The bank recently hired industry veterans Jim House and Hugh Edwards to lead the effort. Mr. House was wholesale division manager for RMC Funding and also worked at National Bank of Commerce, which eventually became SunTrust Bank. Mr. Edwards also worked at RMC. A spokeswoman for BT said that the effort is still young and that so far the depository only has two "approved" brokers.

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