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First Horizon National in Memphis, Tenn., will record an $11.6 million expense in the third quarter, after an arbitration panel officially ruled against it in a securities-related dispute with First United Corp. in Oakland, Md.
November 3 - Tennessee
First Horizon National Corp. reported a sharp increase in its third-quarter profit as an increase in average loans, lower overhead and a decrease in income tax payments helped to offset a 9% decline in total revenue.
October 16 -
A sudden funding crisis forced John Bryant to shake up Operation Hope and develop a new model that relies heavily on banks to promote financial literacy. If it succeeds, Bryant says, it will drive more customers to banks and credit unions and maybe even put payday lenders out of business.
February 24
First Tennessee Bank has established a partnership with the nonprofit Operation Hope to offer free financial literacy workshops and counseling sessions in several branches.
The program has already begun in two branches in Nashville. Operation Hope's workshops seek to educate consumers on topics ranging from consumer rights to family budgeting and debt-reduction strategies.
The bank and its parent company, the $25.4 billion-asset First Horizon National in Memphis, have worked with Operation Hope before and envisions expanding the partnership. "We're committed to building this effort across Tennessee," First Horizon Chief Executive Bryan Jordan says.
