First Horizon National Corporation
Corporate brand
UnclaimedA Memphis-based American bank holding company whose principal banking subsidiary serves consumers, businesses and institutions across the Southeast.
Last updated August 22, 2026
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Overview
First Horizon National Corporation is an American financial-services holding company headquartered in Memphis, Tennessee. Its principal operating brand is First Horizon Bank, a regional bank serving customers through branches and other delivery channels across the southeastern United States. The organization provides consumer and commercial banking, lending, treasury and payment services, wealth management, capital-markets services and related financial products. The company traces its history to First National Bank of Memphis, which was chartered on March 25, 1864, during the American Civil War. Frank S. Davis established the bank after the National Banking Act of 1863 created the framework for nationally chartered banks. Over time, the institution expanded through acquisitions, branch development and diversification beyond traditional deposit-taking and lending. It acquired German Bank in 1895 and merged with Central-State National Bank in 1926. In the early twentieth century, it also participated in the development of the Federal Reserve system in the Mid-South. The company created a holding-company structure in 1969. That entity became First Tennessee National Corporation in 1971, reflecting management's intention to acquire banks and build a broader financial-services organization. During the 1970s, acquired banks were brought under the First Tennessee Bank name. During the 1980s and 1990s, the business expanded into mortgage brokerage, mortgage origination, insurance, securities brokerage and other financial services. Acquisitions including MNC Mortgage, Peoples Commercial Services, Maryland National Mortgage and SNMC Management helped make the company a significant mortgage originator. Its diversification was reflected in the 1999 slogan “All Things Financial.” In 2004, the holding company adopted the First Horizon National Corporation name to signal interstate expansion and a business mix broader than its original Tennessee banking identity. The company later acquired Republic Mortgage, while also restructuring its branch network and exiting residential-mortgage origination and servicing through a sale to MetLife in 2008. During the financial crisis, the United States Treasury invested $866 million in the company through the Troubled Asset Relief Program. First Horizon repurchased that investment in 2010. The 2010s brought renewed regional expansion. First Horizon acquired Mountain National Bank in 2013, TrustAtlantic Bank in 2015 and Capital Bank Financial in 2017. In 2019, it agreed to combine with IberiaBank Corporation. The transaction closed in July 2020 and created a larger regional bank with the First Horizon name. The company also consolidated several brands, including First Tennessee Bank, Capital Bank, FTB Advisors and FTN Financial, under the First Horizon identity. In July 2020, it acquired 30 branches from SunTrust Bank, adding deposits and loans in selected markets. In 2022, Toronto-Dominion Bank announced an agreement to acquire First Horizon in an all-cash transaction valued at approximately $13.4 billion. The proposed merger was terminated in May 2023 because the parties could not obtain the necessary regulatory approvals within the agreement's framework. TD paid First Horizon $225 million in termination fees. The announcement occurred amid heightened concern about the stability of United States regional banks following several 2023 bank failures, and First Horizon's publicly traded shares came under substantial pressure. Despite the abandoned transaction, First Horizon continued as an independent regional banking company.
History
First Horizon's institutional history begins with First National Bank of Memphis, founded by Frank S. Davis and formally chartered on March 25, 1864. The bank was established under the National Banking Act of 1863 while Memphis was under Union control during the Civil War. It became one of the city's principal financial institutions and participated in important changes to the American banking system. The bank acquired German Bank in 1895 and helped implement the Federal Reserve Act in 1913; in 1914, it participated in organizing the Federal Reserve Bank of St. Louis. A 1926 combination with Central-State National Bank retained the First National name and charter while bringing in new management. The institution expanded its physical network during the mid-twentieth century. It opened its first suburban branch in 1942 and had seven offices by 1952. A major Memphis office tower was announced in 1961, and by 1967 the bank was regarded as the largest bank in the Mid-South. A holding company, First National Holding Corporation, was created in 1969. In 1971, it was renamed First Tennessee National Corporation as management pursued acquisitions beyond the original Memphis franchise. Five banks were acquired in 1972 and were subsequently associated with the First Tennessee Bank name. The banking subsidiary itself adopted the First Tennessee name in 1977. The company diversified materially during the 1980s. It entered mortgage brokerage, mortgage origination and insurance, launched First Express as a national check-clearing service in 1981, and began offering brokerage services in 1982. Mortgage expansion continued through acquisitions. MNC Mortgage was acquired in 1993, Peoples Commercial Services Corporation in 1994, and Maryland National Mortgage Corporation together with SNMC Management Corporation in 1995. By then, the company reported about $6 billion in mortgage originations and ranked among the leading originators in the United States. The 1999 “All Things Financial” slogan emphasized the shift from a conventional bank toward a broader financial-services provider. In 2004, the holding company changed its name to First Horizon National Corporation. The new identity was intended to reflect interstate operations and the company's range of financial businesses. First Horizon acquired Republic Mortgage in 2007, but subsequently reduced some out-of-state branch operations, selling 34 branches in September of that year to several acquiring banks. In 2008, it sold its residential-mortgage origination and servicing business to MetLife. The same year, the United States Treasury invested $866 million in the company through TARP during the global financial crisis. First Horizon repurchased the Treasury investment in December 2010. Expansion resumed through bank acquisitions in the following decade. First Horizon acquired the failing Mountain National Bank in 2013, TrustAtlantic Bank in 2015 and Capital Bank Financial in 2017. The TrustAtlantic transaction strengthened the company's position in parts of the Carolinas and other southeastern markets. In 2019, First Horizon announced a broad brand unification under the First Horizon name. First Tennessee Bank, Capital Bank, FTB Advisors and FTN Financial were brought under the same identity, with the transition taking effect on October 25, 2019, and physical signage changes continuing into 2020. The company's largest strategic combination in this period was its merger with IberiaBank Corporation. Announced in November 2019 and completed in July 2020, the transaction created a bank with approximately $79 billion in assets and $58 billion in loans according to the cited reference. The combined institution retained Memphis as its headquarters and operated as First Horizon. On July 20, 2020, First Horizon also completed the purchase of 30 branches from SunTrust Bank, later part of Truist. The branch transaction added approximately $410 million in loans and $2.3 billion in deposits. In February 2022, TD Bank Group announced an agreement to buy First Horizon in an all-cash transaction valued at about $13.4 billion. The proposed deal would have made First Horizon part of one of North America's largest banking groups. In May 2023, however, the companies announced that the acquisition would not proceed because of regulatory uncertainty. The termination agreement required TD to pay First Horizon $225 million in fees. The announcement came during the United States regional-banking crisis, shortly after the collapse and acquisition of First Republic Bank. First Horizon's shares fell sharply amid the combined effect of the failed merger and broader market concerns. The company remained an independent financial-services organization under the First Horizon identity.
- 2023
TD transaction terminated
[1]The proposed acquisition is ended because of regulatory uncertainty, with TD paying a termination fee.
- 2022
TD Bank acquisition agreement announced
[1]TD Bank Group proposes to acquire First Horizon in an all-cash transaction.
- 2020
IberiaBank merger completed
[1]The combined bank operates under the First Horizon name.
- 2019
IberiaBank merger announced
[1]First Horizon and IberiaBank agree to combine their operations.
- 2017
Capital Bank Financial acquired
[1]The acquisition expands First Horizon's regional banking presence and customer base.
- 2013
Mountain National Bank acquired
[1]First Horizon acquires the failing regional bank as part of its southeastern expansion.
- 2010
TARP investment repurchased
[1]First Horizon buys back the Treasury's TARP investment.
- 2008
TARP investment received
[1]The United States Treasury invests $866 million in the company through the Troubled Asset Relief Program.
- 2004
First Horizon National Corporation name adopted
[1]The company changes its corporate name to reflect interstate growth and broader financial-services activities.
- 1995
Mortgage business reaches national scale
[1]Acquisitions of Maryland National Mortgage and SNMC Management contribute to approximately $6 billion in mortgage originations.
Products and positioning
A diversified regional financial-services provider with roots in Tennessee banking and a concentration in the southeastern United States.
Retail banking
Consumer banking
First Horizon Bank serves individuals through deposit accounts, consumer lending, cards, digital banking and branch-based services. The consumer franchise is oriented toward customers in the bank's southeastern United States footprint and is supported by the broader institution's payment, lending and financial-planning capabilities.
Commercial banking
Business and commercial banking
The commercial business provides operating accounts, credit facilities, treasury management, payment services and advisory support to companies of different sizes. Its coverage includes commercial real estate and regional businesses, combining relationship banking with the resources of a larger regional institution.
Lending
Mortgage and consumer lending
Mortgage finance has been a major part of the company's historical diversification. First Horizon built a substantial mortgage-origination operation through acquisitions during the 1990s, although it sold its residential-mortgage origination and servicing business to MetLife in 2008. The bank continues to provide lending products through its banking operations.
Wealth management
Wealth management
Wealth-management and investment services support individuals, families and institutions with financial planning, investment-related services and relationship management. The business was historically associated with FTB Advisors before the company consolidated its brands under First Horizon.
Capital markets
Capital markets and institutional services
First Horizon's institutional and capital-markets activities extend beyond branch banking to serve commercial and institutional clients. FTN Financial was among the businesses brought under the First Horizon identity during the 2019 brand unification, reflecting the company's long-running strategy of combining banking with specialized financial services.
Marketing campaigns
- 2019First Horizon brand unification
United States Southeast
First Tennessee Bank, Capital Bank, FTB Advisors and FTN Financial were brought under the First Horizon brand after the company announced a group-wide identity strategy.
Outcome. The unified identity took effect at the close of business on October 25, 2019, with signage changes continuing into early 2020.
- 1999All Things Financial
United States
The company introduced the “All Things Financial” slogan to communicate its diversification from traditional banking into mortgage, brokerage, insurance and other financial services.
Outcome. The campaign supported a broader financial-services positioning before the corporate name change to First Horizon National Corporation.
Brand decisions
2022
Proposed sale to TD Bank GroupM&ABackground
TD Bank Group sought to expand its United States banking platform through the acquisition of First Horizon.
Action taken
The parties announced an all-cash acquisition agreement valued at approximately $13.4 billion.
Aftermath
The transaction was terminated in May 2023 because of regulatory uncertainty. TD paid First Horizon $225 million under the termination agreement.
Announced transaction value. Approximately $13.4 billion proposed purchase price (2022 announcement)
2019
Combination with IberiaBankM&ABackground
First Horizon sought additional scale and geographic reach in the southeastern United States.
Action taken
The company agreed to merge with IberiaBank Corporation; the combination closed in July 2020.
Aftermath
The combined bank retained the First Horizon name and was described as having approximately $79 billion in assets and $58 billion in loans.
2008
Exit from residential mortgage origination and servicingStrategyBackground
The company reassessed its mortgage activities during the global financial crisis and broader housing-market disruption.
Action taken
First Horizon sold its residential-mortgage origination and servicing business to MetLife.
Aftermath
The transaction reduced the company's exposure to a mortgage operation it had built through acquisitions during the preceding decades.
Recent events
- Unconfirmed
Reported
First Horizon Corporation reports third quarter 2026 results[2]
First Horizon Corporation reported its third quarter 2026 financial results, according to a news headline published on 2026-10-15.
- Unconfirmed
Reported
First Horizon Corporation announces strategic balance sheet changes to support earnings and growth[2]
First Horizon Corporation announced strategic balance sheet changes alongside its third quarter 2026 results, stating the changes are intended to support earnings and growth.
Sources2 sources
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