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 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.

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

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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.

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Health

Health Grade Components

Overall
FDIC Certificate #4977
Year Established1864
Employees7551
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.36%
Return on Equity - YTD13.78%
Annual Interest Income$1.10B
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$87.57B$48.47B
LoansQ2 2021vs Q2 2020$56.85B$32.92B
DepositsQ2 2021vs Q2 2020$74.33B$39.03B
Equity CapitalQ2 2021vs Q2 2020$8.63B$5.38B
Loan Loss AllowanceQ2 2021vs Q2 2020$815.0MM$537.9MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$358.0MM$242.3MM
Real Estate OwnedQ2 2021vs Q2 2020$11.4MM$15.1MM
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
0.10%*$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
0.15%$1k-180 Day CD
0.15%$1k-270 Day CD
0.15%$1k-12 Month CD
0.15%$1k-24 Month CD
0.15%$1k-36 Month CD
0.15%$1k-48 Month CD
0.15%$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

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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