First Tennessee Bank/First Horizon Corporation
More than 13,000 employees of First Horizon National Corporation companies provide financial services through hundreds of offices located in more than 46 states. From its roots as a small bank in 1864, today the corporation has grown to become one of the nation’s 50 largest bank holding companies in asset size and market capitalization.
Originally known as First Tennessee Bank, the company recently approved a formal name change to First Horizon National Corporation (NYSE: FHN) in order to reflect our aggressive growth plans. With current assets of $36.6B and a market capitalization of $4.8B, First Horizon finished the 2006 calendar year with earnings of $438M.
Over the last 18 months the company has expanded its banking presence into Virginia, Texas and Georgia with plans to enter 15 states, comprising over 20 metro areas, during the next 3-4 years. Our banking growth is being targeted in markets where we already have a significant presence from the nationwide businesses of residential mortgage banking, home equity lending, construction lending, commercial real estate lending, small business financial services and other banking products. In all, First Horizon has over 600,000 customers outside Tennessee. The advent of First Horizon Bank is making it increasingly feasible for us to realize the potential of our brand promise – “All Things Financial” – with those customers.
First Horizon companies provide All Things Financial to individual and business customers through:
More than 13,000 employees of First Horizon National Corporation companies provide financial services through hundreds of offices located in more than 46 states. From its roots as a small bank in 1864, today the corporation has grown to become one of the nation’s 50 largest bank holding companies in asset size and market capitalization.
Originally known as First Tennessee Bank, the company recently approved a formal name change to First Horizon National Corporation (NYSE: FHN) in order to reflect our aggressive growth plans. With current assets of $36.6B and a market capitalization of $4.8B, First Horizon finished the 2006 calendar year with earnings of $438M.
Over the last 18 months the company has expanded its banking presence into Virginia, Texas and Georgia with plans to enter 15 states, comprising over 20 metro areas, during the next 3-4 years. Our banking growth is being targeted in markets where we already have a significant presence from the nationwide businesses of residential mortgage banking, home equity lending, construction lending, commercial real estate lending, small business financial services and other banking products. In all, First Horizon has over 600,000 customers outside Tennessee. The advent of First Horizon Bank is making it increasingly feasible for us to realize the potential of our brand promise – “All Things Financial” – with those customers.
First Horizon companies provide All Things Financial to individual and business customers through:
- First Horizon Home Loans headquartered in Irving, Texas, one of the top 12 mortgage originators in the U.S., a growing construction and commercial real estate lender with a $2B portfolio and responsibility for a $4B portfolio of home equity loans.
- First Tennessee Bank, a full-service national bank headquartered in Memphis, Tennessee, which has earned one of the highest customer retention rates of any bank in the country and a dominant market share in Tennessee of over 35%.
- FTN Financial, also headquartered in Memphis, is one of the nation’s top underwriters of U.S. government agency securities, which also provides fixed income investment management, equity research, securitization, investment banking and retail brokerage.