First Horizon Bank is headquartered in Memphis and is the largest bank in the state of Tennessee. It is also the 40th largest bank in the nation. It was established in 1864 and as of September of 2021, it had grown to 7,394 employees at 487 locations. First Horizon Bank has an A health rating.
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2/13 - First Tennessee Bank Promotes Money Market Introductory Rates
8/10 - $150 Bonus For Checking Account And Direct Deposit
1/24/15 - First Tennessee Bank Offers $151 Checking Account Bonus Promotion
1/19/15 - First Tennessee Bank Extends Checking Accounts Promo Bonuses
11/12/14 - First Tennessee Bank Offers $100 Bonus On Money Market Savings
8/20/14 - First Tennessee Bank Is Offering 3 Different Checking Account Promos
5/29/14 - First Tennessee Buying 13 Branches From Bank Of America
8/10/12 - $150 Checking Account Bonus - Today Only (8/10/2012)
11/3/11 - Up To $300 Bonus For Checking And Savings Account At First Tennessee Bank
10/12/11 - $200 Checking & Money Market Bonus at First Tennessee Bank - TN Only
5/2/11 - $180 Checking & Money Market Account Bonus at First Tennessee Bank - Local Only
8/30/10 - $250 Checking & Money Market Account Bonus at First Tennessee Bank - Local Only
3/20/10 - $200 Bonus for Opening Checking and Savings Accounts at First Tennessee Bank - Local Only
11/4/09 - $150 Checking Account Bonus at First Tennessee Bank - Local Only
8/21/08 - 4.00% Savings Account for 6 Months at First Tennessee Bank
8/23/07 - $100 Checking Account Bonus at First Tennessee Bank (No Direct Deposit Needed)
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
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.
Unprofessional
This Bank is very unprofessional. I applied for a loan with them, and they wasted a lot of time. The process was long and drawn out. I never did receive a call saying if I was approved or not and every time I would call, they either would not answer or would give me the run around. I had to drive to the bank in order to find out if I was approved or not. I only tried to borrow a small amount of money and was rejected even though my credit score is high and my income is high. I feel like the decision was unfair and that the process was a waste of time. Some of the questions, that they asked me, were not typical questions that one is asked when applying for a loan. For example, I was asked why I move around so much. This question is irrelevant considering my past profession. They also asked why my retirement income was so high. They asked it as if I didn't deserve such an income. I felt very disrespected.
Data as of Q3 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 4977 |
| Year Established | 1864 |
| Employees | 7394 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.32% |
| Return on Equity - YTD | 13.36% |
| Annual Interest Income | $1.63B |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2021vs Q3 2020 | $88.24B$82.69B |
| Loans | Q3 2021vs Q3 2020 | $55.76B$59.77B |
| Deposits | Q3 2021vs Q3 2020 | $75.05B$69.86B |
| Equity Capital | Q3 2021vs Q3 2020 | $8.69B$8.21B |
| Loan Loss Allowance | Q3 2021vs Q3 2020 | $734.1MM$988.1MM |
| Unbacked Noncurrent Loans | Q3 2021vs Q3 2020 | $376.5MM$461.7MM |
| Real Estate Owned | Q3 2021vs Q3 2020 | $7.5MM$19.7MM |