TCB commenced operations on January 14, 2000. The institution’s corporate and banking offices were
located in Franklin, Tennessee, which is about 15 miles south of Nashville. The bank was wholly owned
by Bancorp, a publicly traded, one-bank holding company. TCB’s assets were centered in its loan
portfolio, which totaled $1.17 billion as of December 31, 2009, a point at which loan growth was slowing
and the FDIC had determined the bank to be in a “troubled condition.” The loan portfolio consisted of
55 percent commercial and industrial (C&I) loans, 38 percent real estate loans (both commercial and
consumer), and 7 percent consumer and credit card loans as of that date.