First Horizon National Corporation
From Wikipedia, the free encyclopedia
| First Horizon National Corporation | |
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| Type | Public company |
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| Founded | 1864 |
| Headquarters | Memphis, Tennessee, USA |
| Key people | Gerald L. Baker, Chief Executive Officer. Michael D. Rose, Chairman. James F. Keen, Principal Accounting Officer . Marlin L. Mosby III Chief Financial Officer . Charles G. Burkett Exec. VP, Pres of First Tennessee Financial Services Number of Employees = 13,000+ |
| Industry | Finance and Insurance |
| Products | Credit Cards, Loans, Deposit Products, Investments, Insurance, Financial Planning, Trust, Asset Management, and Cash Management Services. |
| Slogan | All Things Financial |
| Website | http://www.fhnc.com |
First Horizon National Corporation NYSE: FHN is a large banking company based in Memphis, Tennessee. It is the parent company of First Horizon Bank, First Tennessee Bank, and FTN Financial.
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[edit] Corporate History
First Horizon 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 the late 1990s and early 2000s, the bank sought to expand beyond the borders of Tennessee, and changed the name of its parent company accordingly. The First Horizon brand began as a financial loan and insurance company, and in 2003 became a traditional bank. The bank continues to operate as First Tennessee within the borders of the Volunteer State. The company's name was changed from First Tennessee National Corporation to First Horizon National Corporation in April 2004.
It is now the largest Tennessee-based bank (by far with 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.
First Horizon National Corporation, the parent company of First Tennessee Bank, also includes the subsidiary 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.
First Horizon Bank, the traditional banking subsidiary of FHNC, is based in Irving, Texas.
Its logo, shared among all of FHNC's three subsidiaries, is a cutout portion of the Tennessee state flag.
[edit] State licenses
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.
[edit] 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
