First Horizon National Corp. receives SBA designation
February 27 2019 - 4:30PM
First Horizon National Corp. (NYSE:FHN) has received Preferred
Lender Program (PLP) status by the Small Business Administration
(SBA) for lending through its banking subsidiaries, Capital Bank
and First Tennessee Bank.
“We are excited about growing to meet the needs of small
business owners, who drive our nation’s economy,” said Adrienne
Sipe, First Horizon’s director of government guaranteed lending.
“One of our goals is to be easy to do business with and our
experienced staff and specialized technology help small business
owners navigate the process as easily and efficiently as
possible.”
The PLP status allows the company to streamline the loan
process, expedite funding for small business and U.S. Department of
Agriculture (USDA) lending through Capital Bank and First Tennessee
Bank, and offer greater products and services to business
communities across the Southeast.
Success stories include Kim Stevens, co-owner of the Woodhouse
Day Spa in Nashville, Tenn.
“I was a little nervous because I had never applied for a Small
Business Administration-backed loan before and I didn’t know what
to expect,” Stevens said. “First Tennessee made the process
surprisingly easy and they were able to process our loan in quick
order, which was a great benefit for our business.”
First Horizon’s specialty loan team, led by Sipe, includes Tom
Owens as sales manager, Meredith Hardegree as underwriting manager
and Cookie Parks as loan process and documentation manager. Kevin
Collins, who has been with First Tennessee Bank for more than four
years, is operations manager and Makayla Riggs has been hired as
the customer experience specialist. The team of experienced bankers
is dedicated to funding the capital needs of business communities
across the company’s footprint.
About Capital Bank and First Tennessee Bank
First Tennessee Bank National Association, operating as Capital
Bank and First Tennessee Bank, has the largest deposit market share
in Tennessee and more than 250 branches across the Southeast.
Capital Bank, First Tennessee Bank, FTB Advisors, and FTN Financial
are part of First Horizon National Corp. (NYSE:FHN). The company’s
banking subsidiary was founded in 1864 and has the 14th oldest
national bank charter in the country. FTB Advisors wealth
management group has more than 300 financial professionals and
about $4.8 billion in assets under management. FTN Financial is a
capital markets industry leader in fixed income sales, trading and
strategies for institutional customers in the U.S. and abroad. The
company has been ranked by American Banker magazine among the Top
10 Most Reputable U.S. banks and as one of the nation’s best
employers by the National Association for Female Executives and
Fortune magazine. More information is available at
www.FirstTennessee.com and www.capitalbank-us.com.
FHN-G
CONTACT: Business Communications, James Dowd
(901) 523-4305, jedowd@firsthorizon.com
First Horizon (NYSE:FHN)
Historical Stock Chart
From Apr 2024 to May 2024
First Horizon (NYSE:FHN)
Historical Stock Chart
From May 2023 to May 2024