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 50th largest bank in the nation. It was established in 1864 and as of June of 2020, it had grown to 4,945 employees at 279 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.

NOT SECURE

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First Horizon allowed money to be removed from our account from an EXPIRED DEBIT CARD!!!! When pressed about the situation, we were only returned $40. They refuse to make this right. If you want your money in a NON SECURED ACCOUNT, First Horizon is the bank for you.

A Scam Bank

I made a wire transfer back in February 2020.
I was notified in March that the wire could not go through as it might be a scam. Citibank refused to allow it to go through. So would I like my money back? Yes!

They called in April to confirm they were still working on it, they hadn't forgotten me.

In May they ask me to report the undeliverable money to the police as it was a scam. I said ok, who do I report being the scammer? First horizon or citibank?

They said they would get back to me.
In July they changed their story saying money was delivered even though citibank said it wasn't.

Please note, they agreed they told me all this but placed the blame on the employee who gave me said information. They not only failed the customer but failed their employee as well by blaming their mistake on the employee!

If you do banking with them you deserve the poor service you will get!

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Health
A+

Health Grade Components

Overall
FDIC Certificate #4977
Year Established1864
Employees4945
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.45%
Return on Equity - YTD3.86%
Annual Interest Income$727.4MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$48.47B$41.99B
LoansQ2 2020vs Q2 2019$32.92B$29.97B
DepositsQ2 2020vs Q2 2019$39.03B$32.69B
Equity CapitalQ2 2020vs Q2 2019$5.38B$5.17B
Loan Loss AllowanceQ2 2020vs Q2 2019$537.9MM$191.8MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$242.3MM$228.0MM
Real Estate OwnedQ2 2020vs Q2 2019$15.1MM$19.3MM
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
0.01%--Traditional Savings

First Horizon Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%$1k-12 Month CD
0.40%$1k-270 Day CD
0.25%$1k-180 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
Locations

Availability

Memphis Area

Interactive local rates map


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