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 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.

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.

Unprofessional

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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.

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Health

Health Grade Components

Overall
FDIC Certificate #4977
Year Established1864
Employees7394
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.32%
Return on Equity - YTD13.36%
Annual Interest Income$1.63B
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$88.24B$82.69B
LoansQ3 2021vs Q3 2020$55.76B$59.77B
DepositsQ3 2021vs Q3 2020$75.05B$69.86B
Equity CapitalQ3 2021vs Q3 2020$8.69B$8.21B
Loan Loss AllowanceQ3 2021vs Q3 2020$734.1MM$988.1MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$376.5MM$461.7MM
Real Estate OwnedQ3 2021vs Q3 2020$7.5MM$19.7MM
Rates
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* 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
0.02%*$25k*-Money Market Savings
OTHER TIERS: 0.01% Up to $25k

First Horizon Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%$1k-180 Day CD
0.03%$1k-270 Day CD
0.03%$1k-12 Month CD
0.03%$1k-24 Month CD
0.03%$1k-36 Month CD
0.03%$1k-48 Month CD
0.03%$1k-60 Month CD
0.03%*$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

Sorry, but we do not have location data for First Horizon Bank. Its headquarters is located at 165 Madison Avenue - Memphis, TN 38103

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