CAPITAL BANK FINANCIAL CORP. (NASDAQ:CBF) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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CAPITAL BANK FINANCIAL CORP. (NASDAQ:CBF) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 31, 2017, Richard M. DeMartini resigned from the Board. Mr. DeMartini's resignation was not the result of any disagreement with the Capital Bank Financial Corp. ("Capital Bank") on any matter relating to the Company's operations, policies or practices.

Item 8.01.Other Events.

On October 30, 2017, First Horizon National Corporation ("First Horizon") received the approval from the Board of Governors of the Federal Reserve System to consummate the transactions contemplated by the Agreement and Plan of Merger, dated May 3, 2017, between First Horizon, Capital Bank and Firestone Sub, Inc., a Delaware corporation and direct wholly-owned subsidiary of First Horizon, to which and on the terms and subject to the conditions set forth in the merger agreement and the approval order, Capital Bank will, through a series of mergers, merge with and into First Horizon, with First Horizon as the surviving corporation.


About CAPITAL BANK FINANCIAL CORP. (NASDAQ:CBF)

Capital Bank Financial Corp. (CBF) is a bank holding company whose business is conducted primarily through Capital Bank Corporation (the Bank). The Company operates in the financial services operations segment. The Company operates over 150 full service banking offices located in Florida, North Carolina, South Carolina, Tennessee and Virginia. Through its branches, the Company offers a range of commercial and consumer loans and deposits, as well as ancillary financial services. The Company’s commercial loan products include owner occupied and non-owner occupied commercial real estate; construction; working capital loans and lines of credit; demand, and time loans, and equipment, inventory and accounts receivable financing. Consumer loan products it offers include home equity loans and lines of credit; residential first lien mortgages; second lien mortgages; new and used auto loans; new and used boat loans; overdraft protection, and unsecured personal credit lines.