First Horizon Bank

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Overview

First Horizon Bank is NYSE: FHN + US-based commercial bank + one of US's largest commercial banks by assets in US Southeast region + ~2M+ US First Horizon Bank customers + founded Mar 25 1864 as First National Bank of Memphis Tennessee + TD Bank Group Feb 28 2022 announced ~$13.4B acquisition then May 4 2023 deal terminated + IBERIABANK Jul 2020 ~$3.9B acquisition + 2020 First Horizon Bank rebrand consolidation ^{1, United States report}.

History

Mar 25 1864 — First National Bank of Memphis founded in Memphis Tennessee distinctive US Southeast regional banking heritage.

2004 — Renamed First Horizon National Corporation.

Jul 1 2020 — First Horizon + IBERIABANK merger for ~$3.9B + Jul 2020 First Horizon Bank rebrand consolidation.

Feb 28 2022 — TD Bank Group Canadian parent announces ~$13.4B acquisition of First Horizon.

May 4 2023 — TD Bank Group + First Horizon acquisition terminated due to regulatory uncertainty.

Ownership & operator

Operating entity: First Horizon Corporation First Horizon Bank (US-based commercial bank; NYSE: FHN).

Major shareholders: Vanguard + BlackRock + State Street + US + international retail + institutional + foreign investors free float.

Regulators: OCC + Federal Reserve + FDIC.

Technical integration

First Horizon Mobile Banking app (iOS + Android; ~2M+ US First Horizon Bank customers) + firsthorizon.com online + First Horizon Bank branch network across US Southeast region + First Horizon Visa + Mastercard cards; ACH + FedNow + Zelle.

Implementations & partners

Major US banking + payments competitors: Chase Mobile (JPMorgan Chase) (Chase Mobile; JPMorgan Chase US; NYSE: JPM) + Bank of America (Bank of America; NYSE: BAC) + Wells Fargo Mobile + Fargo virtual assistant (Wells Fargo; NYSE: WFC) + Regions Financial / Regions Mobile App (Regions Financial; NYSE: RF; US Southeast regional bank) + Truist Bank (Truist Financial; NYSE: TFC) + Fifth Third Bank (Fifth Third Bank; NASDAQ: FITB) + Huntington Bank / Huntington Mobile (Huntington Bank; NASDAQ: HBAN) + KeyBank / KeyCorp (KeyBank; NYSE: KEY) + U.S. Bank (USB) (US Bank; NYSE: USB) + PNC Bank (PNC Bank; NYSE: PNC) + Ally Bank (Ally Bank; NYSE: ALLY) + Synovus Bank (Synovus Bank; NYSE: SNV; US Southeast regional bank) + Chime (Chime; NASDAQ: CHYM; ~22M+ Chime customers).

Regulators: OCC + Federal Reserve + FDIC.

Status

Active, NYSE:FHN + US-based commercial bank + one of US's largest commercial banks by assets in US Southeast region + ~2M+ US First Horizon Bank customers + founded Mar 25 1864 as First National Bank of Memphis Tennessee + TD Bank Group Feb 28 2022 announced ~$13.4B acquisition then May 4 2023 deal terminated + IBERIABANK Jul 2020 ~$3.9B acquisition + 2020 First Horizon Bank rebrand consolidation ^{1, 2}.

Sources

1 First Horizon — official
2 First Horizon — Wikipedia
^{United States report} In-corpus: reports/countries/US-united-states.md

Source

Biography extracted from first-horizon.md. See matrix.md for standards-support matrix if present.