First Horizon Bank is headquartered in Memphis and is the largest bank in the state of Tennessee. It is also the 42nd largest bank in the nation. It was established in 1864 and as of June of 2022, it had grown to 7,084 employees at 454 locations. First Horizon Bank's money market rates are 3X the national average, and it has a B+ health rating.
Related Posts
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.
Big Banks Collecting Data On Cash Deposits.
Went to the local FH Bank to deposit 5K cash from the sale of a vehicle. After waiting 10 minutes to be greeted at the Drive-thru and sending my deposit in, I had to wait 10 more minutes and then was told by a rude teller that Due to the amount, she needed my drivers license. I obliged her and then she asked my occupation. I again obliged. But then she started asking other personal information like my social security number. I refused. I went inside and spoke to the manager and she spouted some bank policy about depositing cash over $3K and that information was to monitor cash deposits. So, this is big banks monitoring and scrutinizing your money. Bank elsewhere like a Credit Union or small bank. This a Nazi control move.
First Horizon Sucks
Sold our house, went to closing & 1st Horizon didn’t provide correct amount @ that at time… 3 months later they send a bad credit to our reports.. dropped from 800 to 690 for their mistake… stay clear if this bank
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 4977 |
| Year Established | 1864 |
| Employees | 7084 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.96% |
| Return on Equity - YTD | 10.05% |
| Annual Interest Income | $1.10B |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $84.80B$87.57B |
| Loans | Q2 2022vs Q2 2021 | $56.78B$56.85B |
| Deposits | Q2 2022vs Q2 2021 | $71.88B$74.33B |
| Equity Capital | Q2 2022vs Q2 2021 | $8.15B$8.63B |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $624.1MM$815.0MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $324.7MM$358.0MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $2.6MM$11.4MM |