Ron Terry gave up day-to-day management of First Tennessee National Corp. in April, when he turned over the CEO's title to a hand-picked successor, Ralph Horn.
But Mr. Terry, 63, is still very much a presence at First Tennessee, where he will continue as chairman until his December 1995 retirement. And it is Mr. Terry who deserves the credit for making First Tennessee one of the banking industry's noninterest income champions, with 40% of its revenues coming from that source.
First Tennessee today is known less for commercial banking than for its specialty bond broker-dealer, credit card, mortgage, trust and check processing units.
The mortgage operation particularly saw substantial growth in 1994, as First Tennessee bought up several independent companies.
