March 12 - Building on its success outside of its home state, First Tennessee Bank will expand its presence and enhance its services in the North Carolina, South Carolina and Virginia markets. As a result, First Tennessee, a subsidiary of First Horizon National Corp. (NYSE:FHN), will move its Raleigh office to a larger and more prominent location.
On an organizational level, the bank recently created the Mid-Atlantic Region to join its existing regions of West, Middle and East Tennessee. John Fox, executive vice president, leads the new region with offices in Winston-Salem, Charlotte, Raleigh and Richmond, Va.
"John and his team have done a great job of growing our business and building new relationships in the Mid-Atlantic," said David Popwell, president of banking for First Tennessee, "and this reorganization shows our commitment to the area. We see great potential there."
The new Raleigh office, led by Senior Vice President Ken Reece, will support expanded services and new relationships in its business lines of private client, wealth management, corporate and commercial lending and commercial real estate. First Tennessee will add jobs to manage increased business, especially private client and commercial bankers.
"Our differentiated approach is focused on providing exceptional customer service with the friendly, high-touch nature of a local bank," said Fox. "Our growth and success in the Mid-Atlantic Region has resulted from combining experienced, responsive professionals with a complete set of financial products and the flexible operating framework of a boutique banking operation."
First Tennessee expects to move into its new space at 1122 Oberlin Road in mid-April. The building, which will bear "First Tennessee Bank" signage, offers room for as many as 10 additional employees, including a teller position.
"The Mid-Atlantic Region shares many characteristics of our Tennessee regions," Popwell said. "We are pleased by the response in the Raleigh market, which allows us to enhance the depth of our service to meet the expanding needs of businesses and individuals."
About First Horizon
The 4,500 employees of First Horizon National Corp. (NYSE:FHN) provide financial services through more than 170 First Tennessee Bank locations in and around Tennessee and 19 FTN Financial Group offices in the U.S. and abroad. First Tennessee has the leading combined market deposit share in the counties where it does business and one of the highest customer retention rates of any bank in the country. FTN Financial is a capital markets industry leader in fixed income sales, trading and strategies for institutional clients in the U.S. and abroad. FHN has been recognized as one of the nation's best employers by AARP and Working Mother magazines. More information is available at www.fhnc.com.