First Horizon National Corp. has told its federal regulator that it is closing 22 branches, including four in the Triad and Northwest North Carolina, by Sept. 25.

First Horizon, based in Memphis, Tenn., is the parent of Capital Bank and First Tennessee Bank. The bank announced in June plans to consolidate those brands under its corporate name this fall.

The bank spent $2.2 billion to buy Capital Bank Financial Corp. of Charlotte in December 2017, gaining 22 branches in the Triad and Northwest N.C. Capital shareholders own 29% of First Horizon’s common shares.

The U.S. Office of the Comptroller of the Currency disclosed the branch closing plans Friday.

The affected branches are at 106 E. Taft St. in Asheboro, 3466 S. Church St. in Burlington, 619 Ayersville Road in Madison and 2924 N. N.C. 16 in Millers Creek.

That leaves the bank with one branch in Asheboro and five overall in Randolph County, two branches in Burlington and five overall in Alamance County, no branch in Rockingham County and a branch in Wilkesboro in Wilkes County.

First Horizon is closing 14 branches overall in N.C., including in Clayton, Fayetteville, Greenville, Hickory, Hudson, Laurinburg, Lenoir, Sanford, Stanley and Zebulon.

Altogether, it is eliminating 17% of its North Carolina branch network in the consolidation.

“These changes are part of our on-going strategy that we announced in November at our investor day to create a better, more efficient company positioned to deliver on our goals,” First Horizon spokeswoman Silvia Alvarez said Friday.

“Many factors were considered, including the number of branches in a particular area, community impact and alternate delivery options, such as the next closest branch and ATM network.”

Alvarez said the branch closings could lead to the bank shifting resources to opening branches in other markets.

“We are being thoughtful about the impact these changes will have on our customers and employees,” Alvarez said. “We have a plan in place to help our employees transition and continue to be committed to our customers’ banking needs.”

First Horizon also is closing seven branches in Tennessee and one in Florida.

“CapitalBank had excess branches that First Horizon does not need,” said Chris Marinac, research director for Janney Montgomery Scott LLC.

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