First Horizon National Corporation: Several strategic mergers and acquisitions

First Horizon National Corporation: Several strategic mergers and acquisitions

First Horizon National Corporation is a leading regional financial services company headquartered in Memphis, Tennessee. With a strong focus on serving its customers and communities, the corporation has provided financial solutions for over 150 years. Through its various subsidiaries, First Horizon offers banking, wealth management, and other related services throughout the Southeastern United States.

First Horizon National Corporation has a rich history dating to its founding in 1864. Originally established hed as First National Bank of Memphis, the institution played a pivotal role in supporting the growth of Memphis and the region during the aftermath of the Civil War and the reconstruction period. It expanded its services into personal banking, commercial banking, and mortgage lending, gradually building its reputation as a trusted financial partner.

Several strategic mergers and acquisitions

Over the years, the corporation went through several strategic mergers and acquisitions. In 1972, it merged with the National Bank of Commerce to form the First Tennessee Bank National Association, solidifying its position as one of the largest banks in Tennessee. The bank continued its expansion, acquiring additional regional banks and expanding its services to neighbouring states.

In 2008, First Tennesserebrandedprocess and became First Horizon Bank, signalling a broader vision for the corporation beyond the region. This change allowed the corporation to focus on providing comprehensive financial solutions only for individual and business customers for institutional and government clients.

Subsidiaries and Services

First Horizon National Corporation operates through its principal subsidiary, First Horizon Bank. With a strong network of branches and ATMs, the bank presents a full spectrum of banking. It caters to both individual customers and businesses of all sizes.

The bank’s dedication to innovative digital banking solutions has been critical to its growth strategy. First Horizon offers a user-friendly mobile app and online banking platform, allowing customers to access their accounts, make transactions, and manage their finances conveniently anytime.

Several other specialized subsidiaries

In addition to its banking services, First Horizon also owns several other specialized subsidiaries. FHN Financial is the corporation’s capital markets division of fixed-income income sales and trading, equity trading, investment banking, and other institutional services. This division serves clients across the United States and has developed a strong reputation for expertise and integrity in the financial industry.

First Horizon also boasts a wealth management division called FTB Advisors. With a team of experienced professionals, FTB Advisors provides comprehensive financial planning, investment management, and trust services to support individuals and families in achieving their financial goals. This subsidiary is dedicated to building long-term client relationships and ensuring their financial well-being.

Community Involvement and Corporate Responsibility

First Horizon National Corporation is deeply committed to giving back to the communities it serves. The corporation’s philanthropic efforts focus on supporting education, workforce development, and economic well-being initiatives.

Through its First Horizon Foundation, the corporation provides grants and donations to various nonprofit organizations that share its commitment to improving the communities where its customers and employees live and work.

One of the notable initiatives First Horizon supports is its Employee Volunteer Program. The program encourages employees to actively engage in community service and contribute their time and skills to various organizations.

First Horizon provides employees with paid volunteer time off and matches their charitable donations, demonstrating the corporation’s dedication to positively impacting its communities.

Recognition and Awards

First Horizon’s commitment to excellence has not gone unnoticed. Throughout its long history, the corporation and its subsidiaries have received numerous awards and recognition for their performance and commitment to customer satisfaction.

First Horizon Bank has consistently been recognized for its outstanding customer service and has received accolades such as the J.D. Power Award for Customer Satisfaction in the Southern Region. The bank’s dedication to digital innovation has also been acknowledged with the American Banker Innovation in Digital Banking Award.

Another subsidiary, FHN Financial, has earned a reputation for its highly experienced trading professionals and has consistently ranked among the top broker-dealers in the industry. The division’s commitment to delivering exceptional service and expertise has been recognized through prestigious awards such as the Bond Buyer’s Deal of the Year and the Federal Home Loan Bank’s Golden Hammer Award.

With a history of over 150 years

First Horizon National Corporation has positioned itself as a leading financial services provider in the Southeast, delivering comprehensive solutions to its customers and communities. With a history of over 150 years, the corporation has continually evolved and adapted while staying committed to its core values.

Through its subsidiaries, First Horizon Bank, FHN Financial, and FTB Advisors, the corporation offers various services, from everyday banking to specialized wealth management and institutional solutions. With a strong emphasis on customer service and digital innovation, First Horizon aims to provide its diverse customer base with a seamless and convenient banking experience.

Beyond its financial services

Aspects of Corporate Responsibility and Commitment Description
Commitment to Corporate Responsibility First Horizon is deeply committed to corporate responsibility and actively engages in philanthropic initiatives and an employee volunteer program to positively impact the communities it serves.
Dedication to Community Involvement The corporation’s dedication to community involvement is evident through its various initiatives and programs that benefit the communities.
Thriving and Adapting in the Changing Financial Landscape First Horizon National Corporation continues to thrive and adapt to the changing financial landscape, maintaining its commitment to customer-centric solutions and community engagement.
Trusted Financial Partner for Future Generations This commitment ensures its continued success as a trusted financial partner for future generations, contributing to the well-being of both individuals and communities.

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