Judge denies First Horizon injunction as M C Bank plans expansion. What's next?
Summary
M C Bank’s new leadership team is pushing ahead with an aggressive expansion plan after a judge denied First Horizon’s request for an injunction. The bank says it has raised more than $225 million from more than 500 investors and is using that capital to recruit executives, add branches, and enter new markets. The article also highlights a continuing lawsuit over employee recruitment practices and contract claims. The bank expects to grow rapidly across the Gulf South and reach more than $1 billion in assets by year-end. The ruling removes one legal obstacle, but the bank still faces intense competition for deposits and business customers.
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