Stress Test Confirms Capital Strength at First Horizon, First Tennessee
October 17 2017 - 5:20PM
The 2017 Dodd-Frank Act stress test shows First Horizon National
Corp. (NYSE:FHN) and First Tennessee Bank, its regional banking
subsidiary, would maintain capital well in excess of regulatory
“adequate” levels under severely adverse economic and financial
conditions. The annual stress tests, which are designed to ensure
banks would have enough capital to operate in economically
challenging times, are required of national banks and federal
savings associations with assets of at least $10 billion.
A summary of the results is available in the investor relations
news and events section of the company’s website at
www.FirstHorizon.com.
About First HorizonThe 4,300 employees of First
Horizon National Corp. (NYSE:FHN) provide financial services
through more than 160 First Tennessee Bank locations across
Tennessee and the southern U.S. and 28 FTN Financial offices across
the U.S. The company was founded in 1864 and has the 14th oldest
national bank charter in the country. First Tennessee has the
largest deposit market share in Tennessee, one of the highest
customer retention rates of any bank in the country and has been
ranked by American Banker as No. 5 among the Top 10 Most Reputable
U.S. Banks. FTN Financial is a capital markets industry leader in
fixed income sales, trading and strategies for institutional
customers in the U.S. and abroad. First Horizon has been recognized
as one of the nation's best employers by Working Mother and
American Banker magazines and the National Association for Female
Executives. More information is available at
www.FirstHorizon.com.
FHN-G
Contact:
First Horizon Investor Relations, Aarti Bowman, (901) 523-4017
James Dowd (901) 523-4305 JEDowd@FirstTennessee.com
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