First Horizon Bank


Overview / Commentary
901-523-4883
165 Madison Avenue
Memphis, TN 38103

First Horizon Bank is headquartered in Memphis and is the largest bank in the state of Tennessee. It is also the 42nd largest bank in the nation. It was established in 1864 and as of June of 2022, it had grown to 7,084 employees at 454 locations. First Horizon Bank's money market rates are 3X the national average, and it has a B+ health rating.

The Best Bank In Tennessee

First Tennessee is awesome. They are banking Angels, it seems like they are always looking out for me and my banking short comings

Great bank with friendly customer service

I was drawn to First Tennessee due to a limited time promotion they offered on their money market and checking accounts. I struggled to create and fund an account initially, so I spent a fair amount of time on the phone with their customer service department. Over a couple days, I talked with several different representatives - all were very kind, courteous and helpful. In the end, I did get my accounts successfully opened and everything has been running smoothly.

I'm very pleased with both my money market and checking accounts. First Tennessee was prompt in payment of the initial sign up bonus, and has delivered on the other terms of the signup promotion. They have done some significant improvements to their website and mobile app over the last few months, which are now pretty good - but still need a little bit of work to be more aligned to most of the other more technologically advanced online banks.

Big Banks Collecting Data On Cash Deposits.

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Went to the local FH Bank to deposit 5K cash from the sale of a vehicle. After waiting 10 minutes to be greeted at the Drive-thru and sending my deposit in, I had to wait 10 more minutes and then was told by a rude teller that Due to the amount, she needed my drivers license. I obliged her and then she asked my occupation. I again obliged. But then she started asking other personal information like my social security number. I refused. I went inside and spoke to the manager and she spouted some bank policy about depositing cash over $3K and that information was to monitor cash deposits. So, this is big banks monitoring and scrutinizing your money. Bank elsewhere like a Credit Union or small bank. This a Nazi control move.

First Horizon Sucks

Sold our house, went to closing & 1st Horizon didn’t provide correct amount @ that at time… 3 months later they send a bad credit to our reports.. dropped from 800 to 690 for their mistake… stay clear if this bank

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Health
B+

Health Grade Components

Overall
FDIC Certificate #4977
Year Established1864
Employees7084
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.96%
Return on Equity - YTD10.05%
Annual Interest Income$1.10B
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$84.80B$87.57B
LoansQ2 2022vs Q2 2021$56.78B$56.85B
DepositsQ2 2022vs Q2 2021$71.88B$74.33B
Equity CapitalQ2 2022vs Q2 2021$8.15B$8.63B
Loan Loss AllowanceQ2 2022vs Q2 2021$624.1MM$815.0MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$324.7MM$358.0MM
Real Estate OwnedQ2 2022vs Q2 2021$2.6MM$11.4MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not First Horizon Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Horizon Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--Traditional Savings

First Horizon Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*$50k*-TotalView Money Market Savings
OTHER TIERS: 1.10% Up to $25k | 1.25% $25k - $50k
0.85%*$50k*-Money Market Savings
OTHER TIERS: 0.60% Up to $25k | 0.75% $25k - $50k

First Horizon Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$1k-180 Day CD
0.10%$1k-270 Day CD
0.10%$1k-12 Month CD
0.10%$1k-24 Month CD
0.10%$1k-36 Month CD
0.10%$1k-48 Month CD
0.10%$1k-60 Month CD
0.10%--180 Day Add On CD
0.05%$1k-30 Day CD
0.05%$1k-60 Day CD
0.05%$1k-90 Day CD
Locations


First Horizon Bank Locations
East Nashville Branch965 Woodland StNashville, TN 37206

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