Company Overview of First Tennessee Bank National Association
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
Founded in 1864
Key Executives for First Tennessee Bank National Association
Chief Financial Officer and Vice President
Chief Executive Officer of First Horizon National Corp
Regional President of First Tennessee Bank - Williamson County
President of Banking For West Tennessee and Manager of Private Client Trust & Wealth Management Services - Memphis
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
Apr 9 15
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
Jan 13 15
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
Nov 14 14
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.
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