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 December of 2021, it had grown to 7,302 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
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.
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.
BAD BANK!!!!
They charge for anything you do at this bank . I wanted to stop auto payments to a company but they wanted to charge $35.00 dollars to go over to a computer and take care of the problem ! Since this bank changed hands THEY JUST SUCK !!!!!
Data as of Q4 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 4977 |
| Year Established | 1864 |
| Employees | 7302 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.28% |
| Return on Equity - YTD | 12.96% |
| Annual Interest Income | $2.16B |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $88.76B$83.89B |
| Loans | Q4 2021vs Q4 2020 | $55.37B$58.29B |
| Deposits | Q4 2021vs Q4 2020 | $75.65B$70.84B |
| Equity Capital | Q4 2021vs Q4 2020 | $8.68B$8.48B |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $670.1MM$963.3MM |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $329.3MM$400.4MM |
| Real Estate Owned | Q4 2021vs Q4 2020 | $4.5MM$16.6MM |