First Horizon announces bonus for employees
December 22 2017 - 4:30PM
Following a year of impressive performance by First Horizon
National Corp. (NYSE:FHN), and in connection with recent tax reform
efforts, First Horizon is offering bonuses to employees.
First Horizon will distribute $1,000 bonuses to eligible
employees in January. The one-time payouts will be offered to
employees who do not participate in company-sponsored bonus
plans.
“This has been an exceptional year for First Horizon as we
experienced balance sheet and revenue growth while focusing on
controlling costs,” said Bryan Jordan, First Horizon’s chairman and
CEO. “Our merger with Capital Bank – the largest in our company’s
history – thus far it has been a seamless transition thanks to our
employees. And as a result of this outstanding performance and
because of recent tax reform efforts that we believe will benefit
First Horizon, we are happy to offer bonuses to our people who work
hard every day to maintain First Horizon’s reputation as one of the
best companies to work for and one of the most trusted banks in the
country.”
First Horizon’s merger with Capital Bank, which closed on Nov.
30, created the fourth largest regional bank in the Southeast with
approximately $40 billion in assets, $32 billion in deposits, $27
billion in loans and 350 branches in Tennessee, North Carolina,
South Carolina, Florida, Mississippi, Georgia, Texas and
Virginia.
About First HorizonFirst Horizon National Corp.
(NYSE:FHN) provides financial services through its First Tennessee,
Capital Bank, FTB Advisors, and FTN Financial businesses. First
Horizon operates 350 bank locations across the southern U.S. and 28
FTN Financial offices across the U.S. Our banking subsidiary
was founded in 1864 and has the 14th oldest national bank charter
in the country. Our First Tennessee and Capital Bank brands have
the largest deposit market share in Tennessee and one of the
highest customer retention rates of any bank in the country. We
have been ranked by American Banker as No. 5 among the Top 10 Most
Reputable U.S. Banks. Our FTB Advisors wealth management group has
more than 300 financial advisors and about $30 billion in assets
under administration. FTN Financial is a capital markets industry
leader in fixed income sales, trading and strategies for
institutional customers in the U.S. and abroad. We have 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 HorizonInvestor Relations, Aarti
Bowman, (901) 523-4017Media Relations, James Dowd, (901)
523-4305
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