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Establishing this exclusive PIN debit agreement with a large regional financial institution such as First Tennessee Bank is significant for PULSE for several reasons. Byrge is a Nashville native, a Vanderbilt alumnus with both undergraduate and graduate business degrees, and a well-known veteran Nashville investment banker having formerly been associated with Morgan Keegan, SunTrust Equitable Securities, and FTN Financial, the investment banking subsidiary of First Tennessee Bank. First Tennessee Bank is issuing 300,000 shares of class A perpetual noncumulative preferred stock, for a total issuance of approximately $300 million. |
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