First Horizon Bank

Overview / Commentary
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 37th largest bank in the nation. It was established in 1864 and as of March of 2021, it had grown to 7,699 employees at 469 locations. First Horizon Bank has an A 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

A very good local bank

I opened one of my very first bank accounts at First Tennessee, and continued to bank with them for about five years. They were a great bank to work with, I didn't have to pay any monthly fees, because I was a student. They had convenient locations all over the area where I lived and always had the friendliest staff. One time I accidentally over drew my account, and was hit with a thirty dollar fee, and I went in to ask about it, and they removed it, right away, and told me I just needed to be careful. I really enjoyed my experience banking with them, and only ended up moving bank accounts because I was going to spend a year traveling and needed to have an account with a bank that had more locations across the U.S. that I could easily access. It was when I switched to one of the national brand banks that I really came to a full appreciation of just how good First Tennessee was.

First Horizon Is Not First Tennessee

Posted by: |

I opened my first account with First Tennessee in 1982. I do understand that First Horizon was the parent company, but while the bank operated under the First Tennessee banner I would have given it 5 Star across the board. I keep hearing that the bank is the same, but when the change occurred, the website, app, and attitude all changed - non for the better. For the first time I may see not alternative but to change banks. What I used to done online is no longer available and I have to call someone. And when you do, good luck digging out the phone number from the Website. The app is difficult to use and cumbersome - when it was First Tennessee it was not - I cannot figure out why they changed it. I will give Kudos to the folks in my local branch and they are great!!! Even with that, I would no longer recommend First Horizon as a place to use as a bank... To many good alternative in the market place these days.

Closed My Account

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Closed my account with out my knowledge. tried the only how I found out cuz I try to use my debit card and it what didn't work. Went to the bank and they told me I had to go to another bank because they were not wait on me and said my account was closed and they had my money still in there I would not recommend first horizon to anybody not even my worst enemies we've had nothing but problem ever since they took over for SunTrust



Health Grade Components

FDIC Certificate #4977
Year Established1864
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.2%
Return on Equity - YTD12.17%
Annual Interest Income$553.7MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$87.11B$47.03B
LoansQ1 2021vs Q1 2020$58.50B$33.53B
DepositsQ1 2021vs Q1 2020$74.05B$34.81B
Equity CapitalQ1 2021vs Q1 2020$8.45B$5.30B
Loan Loss AllowanceQ1 2021vs Q1 2020$914.3MM$444.5MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$405.2MM$207.3MM
Real Estate OwnedQ1 2021vs Q1 2020$12.8MM$15.8MM
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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

0.01%--Traditional Savings

First Horizon Bank Money Market Rates

0.10%*$250k*-Money Market Savings
OTHER TIERS: 0.01% Up to $25k | 0.02% $25k - $50k | 0.03% $50k - $100k | 0.05% $100k - $250k

First Horizon Bank CD Rates

0.30%$1k-12 Month CD
0.25%$1k-180 Day CD
0.25%$1k-270 Day CD
0.25%$1k-24 Month CD
0.25%$1k-36 Month CD
0.25%$1k-48 Month CD
0.25%$1k-60 Month CD
0.06%*$25k*-180 Day Add On CD
OTHER TIERS: 0.02% Up to $25k
0.02%$1k-30 Day CD
0.02%$1k-60 Day CD
0.02%$1k-90 Day CD


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