First Horizon Corporation
| File:First Horizon.png | |
| Company type | Public company |
|---|---|
| NYSE: FHN S&P 400 Component | |
| Industry | Financial Services |
| Founded | 1864 |
| Headquarters | Memphis, Tennessee, U.S |
Key people | Bryan Jordan, Chairman, President and Chief Executive Officer Kim Cherry, Executive Vice President of Corporate Communications John Daniel, Executive Vice President and Chief Human Resources Officer Steve Hawkins, Executive Vice President, Corporate Banking David Miller, Executive Vice President, Consumer Banking David Popwell, President, Chief Operating Officer Michael E. Kisber, President, FTN Financial |
| Products | Commercial Banking Retail Banking Mortgages Investment Banking Financial Planning Credit Cards Cash Management Services Asset Management Insurance |
Number of employees | Approximately 6,000 |
| Website | http://www.firsthorizon.com |
First Horizon National Corporation is a bank holding company based in Memphis, Tennessee, United States, with $30 billion in assets.[1] It is the parent company of First Tennessee Bank, FTN Financial, FTB Advisors, Inc., and a host of other insurance and financial services companies.
- First Tennessee (regional bank)
- FTB Advisors, Inc. (wealth management services)
- FTN Financial (fixed income sales and trading services for institutional clients)
First Tennessee
First Tennessee banking services are available to individual consumers as well as businesses of all sizes. Combined, the bank’s customer base represents the largest deposit share in four of Tennessee’s five major metropolitan areas. First Tennessee has one of the highest customer retention rates of any bank in the country.[citation needed]
FTB Advisors, Inc.
First Tennessee offers its customers a wide range of wealth management services through its affiliate, FTB Advisors, Inc. FTB Advisors was launched as the primary name for First Tennessee’s Wealth Management division in 2013, but the company has been supporting the sophisticated financial needs of affluent customers for much of its history. The company’s services include guidance focused on investments, retirement, insurance, trusts, financial planning, and estate planning.
FTN Financial
FTN Financial is an industry leader in fixed income sales, trading, and strategies for institutional customers in the U.S. and abroad. FTN Financial also provides investment services and balance sheet management solutions. With an average daily trading volume of over $5 billion, FTN transacts business with approximately one-half of all domestic depository institutions with portfolios larger than $100 million
History
Frank S. Davis started the first national bank in Memphis after the National Banking Act of 1863 was passed. The charter was received March 25, 1864.[2]
Capital Bank
On May 4, Capital Bank Financial said it agreed to a $2.2 billion purchase by First Horizon. Once the deal is completed, First Horizon will have $40 billion in assets, and the Capital Bank name will continue to be used outside Tennessee.[1]
References
- ^ a b Richard Craver (4 May 2017). "Capital Bank agrees to be sold for $2.2 billion to First Horizon". Winston-Salem Journal. Retrieved 4 May 2017.
- ^ "The beginning ..." firsthorizon.com. Retrieved 20 July 2017.