Capital Bank issues more disclosures prior to $2.2B sale

Capital Bank issues more disclosures prior to $2.2B sale

Capital Bank Financial Corp. of Charlotte has filed an unusual second round of financial disclosures in a bid to resolve shareholder lawsuits over its proposed $2.2 billion sale to Memphis-based First Horizon National Corp. The banks, which are slated to hold shareholder meetings Sept. 7, most recently disclosed how they determined Capital CEO Gene Taylor’s future role at First Horizon, where he is slated to become vice chairman. They also provided an analysis of how the banks currently compare with regional peers.

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