Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


May 24, 2015 3:32 PM ET

Banks

Company Overview of First Tennessee Bank National Association

Company Overview

First Tennessee Bank National Association (bank) provides diversified financial services for consumers, businesses, financial institutions, and governments in Tennessee. It offers general banking services, such as acceptance of deposits; and providing commercial loans that include commercial, financial, and industrial loans, as well as real estate commercial and construction loans; and retail loans, which include real estate residential and construction loans, and other retail and credit card receivables, as well as consumer lending services. In addition, the bank provides mortgage banking services; transaction processing services, including credit card merchant processing, check clearing se...

165 Madison Avenue

Memphis, TN 38103

United States

Founded in 1864

Phone:

901-523-4883

Fax:

901-523-4030

Key Executives for First Tennessee Bank National Association

Chief Financial Officer and Vice President
Age: 65
Chief Executive Officer of First Horizon National Corp
Age: 52
Regional President of First Tennessee Bank - Williamson County
President of Banking For West Tennessee and Manager of Private Client Trust & Wealth Management Services - Memphis
Age: 64
President of Knoxville
Compensation as of Fiscal Year 2014.

First Tennessee Bank National Association Key Developments

First Tennessee Bank Agrees to Pay $212.5 Million to Settle Mortgage-Related Issues

First Tennessee Bank, the regional bank for First Horizon National Corp. announced that it has agreed to pay $212.5 million to settle a key outstanding matter related to the mortgage business the company sold in 2008. First Tennessee has an agreement in principle with the United States Department of Housing and Urban Development and the United States Department of Justice to settle certain potential claims related to First Tennessee's underwriting and origination of FHA-insured mortgage loans from January 1, 2006, through December 31, 2008, which have gone to claim not later than April 2, 2015. Final legal resolution remains subject to negotiation and execution of a formal written settlement agreement satisfactory to all parties. First Horizon said it previously reserved $50 million for this matter and expects to report a pre-tax expense of $162.5 million related to the agreement in principle in first quarter financial results.

First Tennessee Bank NA Announces Board Changes

First Tennessee Bank NA named Renee Drake as executive vice president for commercial banking in Nashville. Drake was formerly the senior vice president of commercial banking and wealth management executive for the Tennessee affiliate of Fifth Third Bank. She takes over from Tony Thompson, who was named First Tennessee Bank's president for the Columbia, Tenn., market.

First Tennessee Bank National Association Announces Pricing of $400 Million of Senior Notes Due 2019

First Tennessee Bank National Association announced the pricing of an offering of $400 million aggregate principal amount of Senior Notes due 2019 at a fixed annual interest rate of 2.95%. First Tennessee intends to use the net proceeds of the offering to repay $304 million of notes maturing in January 2015, and for a dividend to First Horizon. First Tennessee expects to close the transaction on or about November 21, 2014, subject to the satisfaction of customary closing conditions. The Senior Notes will not be registered under federal or state securities laws, and may not be sold in the United States absent registration, except pursuant to an exemption from the registration requirements of federal and state securities laws. The offering will be made only to institutional accredited investors in $250,000 minimum denominations under an exemption from registration.

Similar Private Companies By Industry

Company Name Region
First Whitney Bank and Trust United States
Alpine Bank United States
State Bank of Speer United States
American Bank of St. Paul United States
Home National Bank (Racine, OH) United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 22, 2014
Trustatlantic Financial Corporation
Merger/Acquisition
May 28, 2014
Bank of America Corporation, 13 Branches and Four Remote ATMs
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact First Tennessee Bank National Association, please visit www.firsttennessee.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.