First Horizon in Memphis, Tenn., has sold its title insurance subsidiary.
The $43.7 billion-asset company sold Lenders Title Group to Knox-Precision Holdings. The price wasn’t disclosed.
“Our historical success is due to the hard work and dedication of our title associates and the confidence our clients have in us, all backed by the support of our banking colleagues throughout the years,” Beau Fast, Lenders Title’s president and CEO, said in a Tuesday press release.
“Our team now has a chance to continue to flourish as a part of Knox-Precision Holdings, an organization dedicated to title and closing services,” Fast added.
First Horizon is in the process of selling itself to TD Bank.