Analysis have said for the past year that TN was next for consolidation. There are three players there either of which would give BBK a full plate and transform them into a major southern force. UPC-Memphis is probably the envied retail banking operation in the mid-south. FTEN-Memphis is a powerhouse special products bank. FATN-Nashville very aggressive banking operation. Either of these would be(will be) a prize for someone but will be very expensive. These maybe more bank than BBK is looking to acquire.
One smaller bank that they may want to look at is one in Nashville by the name of Bank of Nashville (CFGI). They now have three branches in excellent locations and are in the process of opening a 4th. They have turned the corner and making money and are selling for about 1 1/2 times book.