On July 14th, Reinvestment Partners filed this comment with the Federal Reserve in opposition to First Horizon’s application to purchase Capital Bank based on our concerns about the banks’ previous performance and the impact throughout North Carolina. (First Horizon currently operates in North Carolina as First Tennessee.)
Given the large footprint of Capital Bank, this is an important moment to influence how the future bank will serve North Carolina’s low- and moderate-income borrowers and neighborhoods.
If you’re interested in having your voice heard on the need for credit, investment, and services in your community, please contact us to join the conversation. We look forward to working with banks, regulators and the community in building and protecting wealth for all of North Carolina.
Learn more about our commitment to the Community Reinvestment Act here.