In November 2008, the United States Department of the Treasury invested $866 million in the company as part of the Troubled Asset Relief Program and in December 2010, the company repurchased the investment from the Treasury. In June 2008, the company sold its residential-mortgage origination and servicing business to Metlife. In September 2007, the company sold 34 branches outside of Tennessee, including 13 branches to M&T Bank, 10 branches to Sterling Bank, 9 branches to Fifth Third, and 2 branches to FMCB Holdings. In May 2007, the company acquired Republic Mortgage, based in Las Vegas. In 2004, the company changed its name to First Horizon National Corporation to reflect its interstate growth. In 1999, to reflect its diversification, the bank adopted the slogan, All Things Financial. In 1994, the bank acquired Peoples Commercial Services Corporation. ĭuring the 1980s, the company also expanded into mortgage brokerage, mortgage loan origination, and insurance. Morgan was named president in 1960, chief executive in 1967, and chairman in 1969. In 1995, with the purchases of Maryland National Mortgage Corporation and SNMC Management Corporation, First Tennessee had $6 billion in mortgage origination and was one of the country's top 10 mortgage originators. In 1981 First Express became the first national check-clearing service, and First Tennessee offered brokerage services starting the next year. In 1977, First National also became First Tennessee Bank. The company acquired five banks in 1972, and as more banks became part of the company, their names changed to First Tennessee Bank. Two years later, this became First Tennessee National Corporation, with the intention of acquiring other banks. A holding company, First National Holding Corporation, was created in 1969.
As of 1967, First National was the largest bank in the Mid-South. The 23-story headquarters was completed three years later, at which time First National also opened six branches. In 1942, the bank opened its first suburban branch and by 1952 First National had seven offices. The merged bank retained First National's name and charter, but was led by Central-State's management team. The bank merged with Central-State National Bank in 1926. and in 1914, the bank participated in the organization of the Federal Reserve Bank of St. First National was one of five banks in the twelve districts to help implement the Federal Reserve Act of 1913. Though the city was under martial law after being captured by Union forces in the Civil War, First National Bank of Memphis was officially chartered for business on March 25, 1864. Davis founded First National Bank, the first nationally chartered bank in Memphis after passage of the National Banking Act of 1863. First Horizon's stock price began to plummet in the wake of both a merger with Toronto-Dominion Bank being called off and the collapse of First Republic Bank in San Francisco.įrank S. The bank gained national attention during the 2023 banking crisis, in which multiple regional banks across the United States as well as the Swiss institution Credit Suisse all collapsed and were bought out. The combined bank is based in Memphis, Tennessee, and uses the First Horizon name. In November 2019, First Horizon Corporation and IberiaBank Corporation agreed to merge, closing in July 2020. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
You can even bring all of your financial accounts together even ones you have at other banks and move money easily between them all.First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee.
The app lets you deposit a check, view your account balances, pay bills, transfer funds, create and manage budgets, track spending, and set timely alerts and notifications to keep you in the know.
#FIRST TENNESSEE BANK LOG IN DOWNLOAD#
The First Tennessee Mobile Banking app is free to download and offers you a convenient, secure way to manage your financial life on the go.
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