First Tennessee, part of the First Horizon National Corporation, is a financial services company based in Memphis, Tennessee. First Tennessee provides financial services through more than 180 locations in and around Tennessee. The company was founded during the Civil War in 1864 and has the 14th oldest national bank charter in the country.
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Corporate history
Frank Davis, a businessman from Ohio, came to Memphis to open the first federally chartered bank in Memphis. Though the city was under martial law after being captured by Union forces in the Civil War, First National Bank was officially chartered for business on March 25, 1864.
The bank survived the war, but other disasters followed. When the 1878 yellow fever epidemic swept over Memphis, killing thousands and forcing most of the remaining citizens to flee, First National Bank's doors remained open to help distribute relief funds.
Despite floods, recessions, the Great Depression, and wars, the bank grew from a modest local bank in the shadows of the Mississippi River to a thriving regional financial service company with locations across the state.
Today, now known as First Tennessee, the bank has begun expanding beyond the state of Tennessee with commercial banking and private client services available in an increasing number of markets in the Southeast and Mid-Atlantic United States.
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Consumer and business banking
First Tennessee banking services are available to individual consumers as well as businesses of all sizes. Combined, the bank's customer base represents the largest deposit share in four of Tennessee's five major metropolitan areas. With a strong focus on service and satisfaction, First Tennessee enjoys one of the highest customer retention rates of any bank in the country.
On October 11, 2016, First Tennessee announced the opening of its first Piedmont Triad retail branch in Winston-Salem. The bank had offered commercial banking and real estate and wealth-management services in the city since 2004. From 2003 to 2016, Winston-Salem was also the headquarters of the Mid-Atlantic Region, including the Triangle, Charlotte and Greenville in North Carolina; Richmond in Virginia; Charleston in South Carolina; and Jacksonville in Florida. The new regional headquarters was in Raleigh, where First Tennessee had four branches after buying TrustAtlantic Bank in 2015.
Wealth management
First Tennessee offers its customers a wide range of wealth management services through its affiliate, FTB Advisors, Inc. FTB Advisors was launched as the primary name for First Tennessee's Wealth Management division in 2013, but the company has been supporting the sophisticated financial needs of affluent customers for much of its history. The company's services include guidance focused on investments, retirement, insurance, trusts, financial planning, and estate planning.
Source of the article : Wikipedia
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