Turmoil over Tennessee banks may continue

State and federal regulators who closed five Tennessee banks last Friday are threatening to shut down as many as five more during the next two weeks, the Tennessean newspaper reported.

The newspaper said some of the additional banks are affiliated with the crumbling banking network of brothers Jake Butcher and C.H. Butcher. Of the five banks closed Friday, C.H. Butcher owned three. The five banks that folded Friday will open under new management today (May 31).

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.