First Horizon Corporation is a premier American bank holding company offering a broad suite of financial products and services to individuals, businesses, and institutions. Rooted in community values since its founding during the American Civil War, the company continues to support clients in unlocking their full potential through financial capital and strategic counsel.
???? Overview
Headquarters: Memphis, Tennessee, USA
Founded: 1864
Industry: Financial Services
Subsidiary: First Horizon Bank (formerly First Tennessee)
Service Region: Primarily the Southeastern United States
Assets (as of 2020): $79 billion
Loans (as of 2020): $58 billion
???? Services Provided
Retail & Commercial Banking
Small Business Lending
Mortgage Services
Wealth Management
Insurance Services
Trading & Capital Markets
???? Historical Timeline
| Year | Milestone |
|---|---|
| 1864 | Founded as First National Bank by Frank S. Davis in Memphis, Tennessee. |
| 1895 | Acquired German Bank. |
| 1914 | Participated in founding the Federal Reserve Bank of St. Louis. |
| 1926 | Merged with Central-State National Bank. |
| 1942 | Opened first suburban branch. |
| 1964 | Moved into 23-storey HQ in downtown Memphis. |
| 1967 | Reorganised as First National Holding Company. |
| 1971 | Became First Tennessee National Corporation. |
| 1981 | Launched First Express, a cheque-clearing service. |
| 1993 | Acquired MNC Mortgage. |
| 1994 | Acquired Peoples Commercial Services Corporation. |
| 1999 | Adopted slogan “All Things Financial”. |
| 2004 | Rebranded as First Horizon National Corporation. |
| 2007 | Acquired Republic Mortgage; sold 34 branches outside Tennessee. |
| 2008 | Sold mortgage origination and servicing business to MetLife. |
| 2010 | Repaid $866 million to U.S. Treasury from TARP. |
| 2013 | Acquired Mountain National Bank. |
| 2015 | Acquired TrustAtlantic Bank. |
| 2017 | Acquired Capital Bank Financial for $2.2 billion. |
| 2019 | Rebranded all subsidiaries under the First Horizon name. |
| 2020 | Merged with IberiaBank Corporation; renamed First Horizon Corporation. |
| 2022 | TD Bank Group announced acquisition deal valued at $13.4 billion. |
???? Major Mergers & Acquisitions
Key Acquisitions:
MNC Mortgage (1993)
Peoples Commercial Services Corporation (1994)
Republic Mortgage (2007)
Mountain National Bank (2013)
TrustAtlantic Bank (2015)
Capital Bank Financial (2017)
Major Merger:
IberiaBank Corporation (2019–2020)
Merged to form a bank with $79 billion in assets
Headquarters remained in Memphis, Tennessee
Pending Acquisition:
Toronto-Dominion Bank Group (Announced February 2022)
Deal Value: $13.4 billion (all-cash)
Price per Share: $25
Status: Expected completion delayed beyond February 2023
???? Strategic Vision
“Helping clients, communities, and associates unlock their full potential with capital and counsel.”
First Horizon’s mission extends beyond banking—it’s about meaningful impact, sustainable growth, and strategic partnerships.
???? Headquarters History
Original location in downtown Memphis since 1864
1964: Moved into a modern 23-storey building in the city centre
2017: Capital Bank (a subsidiary) leased premium office space in One Glenwood, Raleigh
???? Branding Evolution
| Period | Name Used |
|---|---|
| 1864–1971 | First National Bank |
| 1971–2004 | First Tennessee National Corporation |
| 2004–2020 | First Horizon National Corporation |
| 2020–Present | First Horizon Corporation |
First Horizon Corporation has evolved from a regional bank in Memphis into a diversified financial powerhouse. Through strategic mergers, expansions, and customer-focused services, it remains a cornerstone of financial stability and innovation in the Southeastern United States.