First Tennessee Bank, the regional bank of First Horizon, will acquire the Southeast and Southwest regional loan portfolios from GE Capital’s restaurant franchise finance business. The all-cash transaction includes loans outstanding of approximately $637 million as of May 31. Specific terms of the transaction are not being disclosed.

The transaction is expected to be immediately accretive to First Horizon’s earnings per share. The acquired loans will be combined with existing First Tennessee relationships to establish a restaurant franchise finance specialty lending business. The new line of business will have more than $800 million of outstanding loans after the transaction closes, which is expected to happen in Q3/16.

“Our bankers are very good at understanding businesses, building relationships and offering products to meet the unique needs of customers in our specialty lines of business,” said David Popwell, president of banking for First Horizon. “We already have several commercial bankers who work closely with restaurant franchise customers. As we build out our new restaurant franchise finance specialty line of business, we will be better able to meet customer needs and court new customers based on the strength of our expanding expertise.”