First Horizon Bank is headquartered in Memphis and is the largest bank in the state of Tennessee. It is also the 39th largest bank in the nation. It was established in 1864 and as of June of 2021, it had grown to 7,551 employees at 500 locations. First Horizon Bank has an A health rating.
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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.
Sold My Mortgage Loan
I just opened my mortgage loan with First Horizon. My loan officer was amazing, She was more than anyone could ask for. Well, I made one payment and not two weeks later received a letter stating my loan had been sold to Standard Mortgage Company. My loan payment is due on the first and I am still waiting to make my payment because I can't get in touch with anyone. It really makes me mad to go from top notch customer service to not being able to get a call back from a call center. If I knew my loan was going to be sold, I would have never went with First Horizon for my lending needs. Don't waste your time! You will be disappointed in the end.
Data as of Q2 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 4977 |
| Year Established | 1864 |
| Employees | 7551 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.36% |
| Return on Equity - YTD | 13.78% |
| Annual Interest Income | $1.10B |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $87.57B$48.47B |
| Loans | Q2 2021vs Q2 2020 | $56.85B$32.92B |
| Deposits | Q2 2021vs Q2 2020 | $74.33B$39.03B |
| Equity Capital | Q2 2021vs Q2 2020 | $8.63B$5.38B |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $815.0MM$537.9MM |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $358.0MM$242.3MM |
| Real Estate Owned | Q2 2021vs Q2 2020 | $11.4MM$15.1MM |