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Encyclopedia > First Tennessee Bank
First Tennessee
A subsidiary of First Horizon National Corporation
Image:First_Tennessee_logo.gif
Type Public company
Founded 1894
Location Memphis, Tennessee, USA
Key people Ken Glass, Chief Executive Officer.
James F. Keen, Principal Accounting Officer .
Marlin L. Mosby III Chief Financial Officer .
Gerald L. Baker Exec. VP, Pres of First Horizon Financial Services and Exec. VP of First Horizon National Corporation
Charles G. Burkett Exec. VP, Pres of First Tennessee Financial Services
Industry Finance and Insurance
Products Credit Cards, Loans, Deposit Products, Investments, Insurance, Financial Planning, Trust, Asset Management, and Cash Management Services.
Revenue {{{revenue}}}
Website http://www.firsttennessee.com

First Tennessee (NYSE: FHN) is a financial services company based in Memphis, Tennessee. It is a subsidiary of First Horizon National Corporation. First Horizon National Corporation (NYSE: FHN) is a large banking company based in Memphis, Tennessee. ... Image File history File links logo for First Tennessee Bank File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... A public company is a company owned by the public. ... 1894 was a common year starting on Monday (see link for calendar). ... Memphis was the wife of Epaphus, the founder of Memphis, Egypt in Greek mythology. ... State nickname: Volunteer State Other U.S. States Capital Nashville Largest city Memphis (largest metropolitan area is Nashville) Governor Phil Bredesen Official languages English Area 109,247 km² (36th)  - Land 106,846 km²  - Water 2,400 km² (2. ... // CEO and corporate governance Main article: corporate governance Although it is possible to have more than one CEO in a company, generally the job is not shared. ... The Chief Financial Officer (CFO) of a company is the person primarily responsible for financial planning and record-keeping. ... Financial services is a term used to refer to the services provided by the finance industry. ... Financial services is a term used to refer to the services provided by the finance industry. ... Finance and Insurance is an industry group that mainly handles the transfer of paper and money, financial assets. These include: Accounting, Asset Management, Electronic Communications Networks, Financial Services Regulatory Agencies, Investment Banking Investment Firms, Investment Funds, Lending, Outsourced Financial Products & Services Marketing, Securities Brokers & Traders, Stock Exchanges, Trade Facilitation, and... Credit cards A credit card system is a type of retail transaction settlement and credit system, named after the small plastic card issued to users of the system. ... A loan is a type of debt. ... Investment is a term with several closely-related meanings in finance and economics. ... Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. ... The term trust has several meanings: In general, trust refers to an aspect of a relationship between two parties, by which a given situation is mutually understood, and commitments are made toward actions in favor of a desired outcome. ... The term Asset Management has many industry specific definitions. ... In business, revenue is the amount of money that a company actually receives from its activities, mostly from sales of products and/or services to customers. ... The front page of the English Wikipedia website. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is the second largest stock exchange in the world. ... City nickname: The River City or The Bluff City Location in the state of Tennessee County Shelby County, Tennessee Area  - Total  - Water 763. ... First Horizon National Corporation (NYSE: FHN) is a large banking company based in Memphis, Tennessee. ...

Contents


Corporate History

First Horizon National Corporation began as the former First National Bank of Memphis, which by the late 1970s was operating throughout most of the state of Tennessee as First Tennessee National Bank. In April 2004, the Company changed its name from First Tennessee National Corporation to First Horizon National Corporation. This article provides extensive lists of events and significant personalities of the 1970s. ... State nickname: Volunteer State Other U.S. States Capital Nashville Largest city Memphis (largest metropolitan area is Nashville) Governor Phil Bredesen Official languages English Area 109,247 km² (36th)  - Land 106,846 km²  - Water 2,400 km² (2. ... April is the fourth month of the year in the Gregorian Calendar and one of four with the length of 30 days. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ...


Expansion Within Tennessee

While First Tennessee had a large market share in West and East Tennessee for decades, it largely ignored Middle Tennessee until the early 2000s, due mostly to Nashville's dominance as a banking center. It was only when all major Nashville-based banks merged and moved operations elsewhere that First Tennessee began to increase its presence and market share in the Middle Tennessee area. It is now the largest Tennessee-based bank (in thanks to the recent merger of Union Planters Bank into Alabama-based Regions Bank), and the only Tennessee-based banking company with any genuine influence beyond the borders of the state. West Tennessee is one of the three traditional regions in the U.S. state of Tennessee. ... East Tennessee is a name given to approximately the eastern third of the state of Tennessee. ... Middle Tennessee is a distinct portion of the state of Tennessee, delineated according to law as well as custom. ... Saddam Hussein shortly after his capture Major controversy over U.S. presidential election, 2000 September 11, 2001 terrorist attack on New Yorks World Trade Center and Virginias Pentagon killing almost 3000 people. ... [Nashville skyline] <<a href=b class=external free title=b>b>Nashville</<a href=b class=external free title=b>b> is the capital of the [state] of [Tennessee]. It is located on the [River] in [County, Tennessee|Davidson County]. Nicknamed Music City, U.S.A., Nashville is the home... Union Planters Bank was a large national bank based in Memphis, Tennessee. ... State nickname: Camellia State, The Heart of Dixie¹, Yellowhammer State Other U.S. States Capital Montgomery Largest city Birmingham Governor Bob Riley (R) Official languages English Area 84,360 mi²/135,765 km² (30th)  - Land 81,664 mi²/131,426 km²  - Water 2,696 mi²/4,338 km² (3. ...


Expansion Outside of Tennessee

First Horizon National Corporation, the parent company of First Tennessee Bank, also includes the subsidary First Tennessee Bank National Association. The First Horizon family of companies includes First Horizon Home Loans and First Horizon Bank. First Horizon Home Loan Corporation is one of the top 20 U.S. mortgage (originations and servicing) providers and First Horizon Bank, established in December 2003, offers traditional banking products and services outside the state of Tennessee.


For the purpose of securities sales, First Tennessee Brokerage (FTBR) is licensed in all 50 states, except Alaska.


For the purpose of investment advisors, First Tennessee Brokerage (FTBR) is licensed to do business in the following states: Arkansas, Arizona, California, Delaware, Georgia, Maryland, Michigan, Missouri, North Carolina, Tennessee, Texas, Virginia, and Washington.


For the purpose of insurance sales and services, First Horizon Insurance Services, Inc. (FHIS) is not licensed in the following states: Alaska and New Mexico.


Marketing Strategy

First Horizon uses the same general logo as First Tennessee, though the name has been altered to make the bank more marketable outside Tennessee
First Horizon uses the same general logo as First Tennessee, though the name has been altered to make the bank more marketable outside Tennessee

The company has tended to take emphasis off the word "bank" by eliminating the word from all marketing initiatives and calling its branches "financial centers." Image File history File links File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Image File history File links File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... State nickname: Volunteer State Other U.S. States Capital Nashville Largest city Memphis (largest metropolitan area is Nashville) Governor Phil Bredesen Official languages English Area 109,247 km² (36th)  - Land 106,846 km²  - Water 2,400 km² (2. ...


First Tennessee is also known for its aggressive marketing campaign featuring actors inside costumes designed to look like U.S. currency.


First Tennessee is very active in aligning itself with Tennessee's sports teams, holding the "official bank" rights to the University of Tennessee, Vanderbilt University, the Memphis Grizzlies, the University of Memphis, and the Nashville Predators, as well as most of Tennessee's minor league baseball teams: the Memphis Redbirds, the Nashville Sounds, and the Tennessee Smokies. The bank has agreed in principle to be the naming rightsholder for a proposed new downtown AAA baseball stadium in Nashville. The University of Tennessee (UT), sometimes called the University of Tennessee, Knoxville (UT Knoxville or UTK), is the primary institution of the statewide land-grant University of Tennessee system, Tennessees flagship public university. ... Vanderbilt University Vanderbilt University is a private university in Nashville, Tennessee. ... Memphis Grizzlies - Wikipedia /**/ @import /skins-1. ... The University of Memphis was founded in Memphis, TN in 1912 as the West Tennessee Normal School. ... The Nashville Predators are a National Hockey League team based in Nashville, Tennessee. ... A Class A California League game in San Jose, California (1994) Minor leagues are baseball leagues which are at a lower pay level and generally play in smaller cities and towns than Major League Baseball. ... St. ... Milwaukee Brewers National League AAA Nashville Sounds AA Huntsville Stars A Brevard County Manatees West Virginia Power R Arizona Brewers Helena Brewers Nashville Sounds The Nashville Sounds are a minor league baseball team of the Pacific Coast League. ... Arizona Diamondbacks National League AAA Tucson Sidewinders AA Tennessee Smokies A Lancaster JetHawks South Bend Silver Hawks Yakima Bears R Missoula Osprey The Tennessee Smokies are a minor league baseball team based near Knoxville, Tennessee. ... Part of the History of baseball series. ...


First Tennessee is also laying claim to the title "Official Bank of Beale Street" through a marketing partnership with Performa Entertainment Real Estate Inc. Beale Street is a street in Memphis, Tennessee and a significant location in black history and the history of the blues. ...


Its logo is a cutout portion of the Tennessee state flag. Though the logo is shared among all three subsidiaries of FHNC, the First Horizon name is virtually nonexistent in Tennessee, and the First Tennessee name is virtually nonexistent outside of Tennessee. A logotype, commonly known as a logo, is the graphic element of a trademark or brand, which is set in a special typeface/font, or arranged in a particular, but legible, way. ... The Flag of Tennessee consists of three stars in a circle on a field of red, with a strip of blue on the right side. ...


Community Involvement

First Tennessee budgets one to two percent of its pre-tax income for community investment. Projects include:

  • Building for the Future, a program that teaches carpentry to minimum-security inmates to construct houses for community development
  • Lesson Line, a free home-to-school messaging service available to teachers and principals to keep parents informed about homework assignments and upcoming tests. Nearly 700 schools receive around four million calls a year in this program.
  • 30,000 volunteer hours from employees in community programs
  • First Tennessee Housing Corporation which has renovated a long-vacant property and converted it to apartment buildings and converted a closed school into elderly housing with a daycare center.
  • The First Tennessee Foundation gave $250,000 to relief efforts in the wake of the September 11, 2001 tragedies.

Awards

  • 100 Best Companies To Work For in America; Fortune, eight consecutive years, 1998-2005.
  • Best Banking Companies in the U.S.; Forbes, 1997-2004.
  • 100 Best Corporate Citizens; Business Ethics, 2003, 2004, and 2005.
  • 100 Best Companies for Working Mothers; Working Mother, ten consecutive years, 1995-2004.
  • 25 Best Employers for Workers Over 50; AARP, 2003 and 2005.
  • Best Products of 2001; Business Week, December 17, 2001. For pioneering the Visa Payroll Card.
  • 2003 InformationWeek 500; Information Week, September 22, 2003. 500 leading business users of technology.
  • Annual CIO 100: 100 Leaders for the Next Millennium; CIO, August 15, 1999

Fortune or fortune can refer to: Fortune magazine The fortune Unix/Linux command The name of a character from Metal Gear Solid 2: Sons of Liberty, a member of Dead Cell. ... Forbes magazine is an American business and financial magazine founded in 1917 by B.C. Forbes. ... AARP is an acronym with several meanings: American Association of Retired Persons AppleTalk Address Resolution Protocol Animal Accident Recovery Patrol This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... BusinessWeek is a business magazine published by McGraw-Hill. ... CIO may mean: Chief Information Officer, a corporate title Congress of Industrial Organizations, a US trade union confederation the Central Imagery Office, a predecessor organization of the National Geospatial-Intelligence Agency cry it out, usually in the context of babies and their (lack of) sleeping habits. ...

External Links

  • First Tennessee Bank
  • First Horizon National Corporation
  • Yahoo! - First Horizon National Corp Company Profile

  Results from FactBites:
 
FIRST TENNESSEE NATIONAL CORPORATION (297 words)
First Tennessee National Corporation, one of the fifty largest bank holding companies in the United States, operates chiefly through its subsidiaries, First Tennessee Bank National Association and First Horizon.
First Tennessee budgets one to two percent of its pre-tax income for community investment.
The First Tennessee Foundation is giving $250,000 to relief efforts in the wake of the September 11, 2001 tragedies.
  More results at FactBites »


 

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