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The bank's attention to the future is complemented this year by a focus on the past. Founded in 1864, First Tennessee is celebrating its 150th anniversary.
October 26 -
First Horizon National in Memphis, Tenn., has agreed to buy TrustAtlantic Financial in Raleigh, N.C.
October 22 -
Big banks can afford mega-settlements to solve their woes, but First Horizon National in Tennessee has to fix itself the old-fashioned way: slow cleaning up of its mortgage mess, opportunistic acquisitions, opening loans offices and, oh yes, begging investors for a few more years of patience.
June 6
First Horizon National in Memphis, Tenn., is
The $24 billion-asset company said in a press release Friday that the senior notes, due in 2019, will carry an annual interest rate of 2.95%.
First Horizon intends to use the proceeds to repay $304 million in debt set to mature in January. It also plans to use some of the funds to pay dividends.
The company has 175 branches in states such as Tennessee, Mississippi, Georgia and North Carolina.
