First Horizon Bank
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
| Company type | Public company |
|---|---|
Traded as |
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| Industry | Financial services |
| Founded | March 25, 1864 |
| Founder | Frank S. Davis |
| Headquarters | Memphis, Tennessee, U.S. |
Key people | Bryan Jordan (President and CEO) Hope Dmuchowski (CFO) |
Net income | US$198 million (2022) |
| Total assets | US$88.7 billion (2022) |
| Total equity | US$8.7 billion (2022) |
Number of employees | 7,600 (2022) |
| Website | firsthorizon |
| Footnotes / references | |
In November 2019, First Horizon Corporation and IberiaBank Corporation agreed to merge, closing in July 2020. The combined bank is based in Memphis, Tennessee, and uses the First Horizon name.
The bank gained national attention during the 2023 banking crisis, in which multiple regional banks across the United States as well as the Swiss institution Credit Suisse all collapsed and were bought out. First Horizon's stock price began to plummet in the wake of both a merger with Toronto-Dominion Bank being called off and the collapse of First Republic Bank in San Francisco.