First Tennessee Bank, a division of First Horizon National, will merge its $1.4 billion First Funds family of eight mutual funds into Goldman Sachs's $532 billion stable of 35 funds, the companies announced late last week.

The bank decided to fold its funds into Goldman's in order to offer its clients a broader choice of funds, said Karen Kruse, First Tennessee's senior vice president of wealth management. She said the bank is committed to offering customers choices from more than one company through an open architecture platform.

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