First Horizon announces pay increase
February 15 2018 - 6:30AM
First Horizon National Corp. (NYSE:FHN), which has been honored as
one of the nation’s best employers, is increasing the minimum pay
level of employees to $15 an hour. The pay increase reflects the
company’s continued investment of tax savings in its people.
Late in 2017, First Horizon announced $1,000 one-time cash
bonuses to 70 percent of employees and a $16.5 million contribution
to the First Tennessee Foundation.
“First Horizon’s continued strong results are driven by the
individual and collective efforts of all our employees,” said Bryan
Jordan, First Horizon’s chairman and CEO. “As a result of the
recent tax reform, First Tennessee invested a portion of the tax
savings back into our people and our communities to strengthen our
business.”
The investment in people and communities follows First Horizon’s
merger with Capital Bank, which closed on Nov. 30, 2017. The merger
created the fourth largest regional bank in the Southeast with
approximately $41 billion in assets, $31 billion in deposits, $28
billion in loans and nearly 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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