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Editorial Results (free)

1. Outside Group Sends Warning to the Fed -

The Federal Advisory Council, a group of bankers that includes First Horizon National Corp. chairman and CEO Bryan Jordan and which advises the Federal Reserve Board of Governors, is concerned about several specific areas of the economy.

2. Outside Group Sends Warning to the Fed -

The Federal Advisory Council, a group of bankers that includes First Horizon National Corp. chairman and CEO Bryan Jordan and which advises the Federal Reserve Board of Governors, is concerned about several specific areas of the economy.

3. First Horizon Grows Profit in Quarter -

Memphis-based First Horizon National Corp., the parent company of First Tennessee Bank, kicked off its first quarterly earnings announcement of 2013 by meeting analyst expectations and reporting a profit of $42.2 million, up from $30.5 million during the first quarter of 2012.

4. First Horizon Grows Profit as Expenses Fall -

Memphis-based First Horizon National Corp., the parent company of First Tennessee Bank, kicked off its first quarterly earnings announcement of 2013 by meeting analyst expectations and reporting a profit of $42.2 million, up from $30.5 million during the first quarter of 2012.

5. Events -

The Rotary Club of Memphis East will meet Wednesday, April 10, at noon at The Racquet Club of Memphis, 5111 Sanderlin Ave. First Horizon Corp. president and CEO Bryan Jordan will speak. Cost is $17. R.S.V.P. to Lee Hughes at lmhughes@bellsouth.net.

6. Events -

National Association of Women Business Owners Memphis chapter will meet Tuesday, April 9, from 11:30 a.m. to 1 p.m. at Chickasaw Country Club, 3935 Galloway Ave. A panel of businesswomen will discuss “How to Get the Job Done as a Woman CEO.” Cost is $35 at the door. Visit nawbomemphis.org.

7. Events -

The Memphis Chapter International Association of Administrative Professionals will meet Monday, April 8, at 6 p.m. at Memphis Marriott East, 5795 Poplar Ave. Tammie Vogel of International Paper will present “Where Do I Fit? Admins in a Team Environment.” Cost is $22. R.S.V.P. to sharon.gardner@asentinel.com or 752-6213.

8. Events -

In-Synk and The Daily News will host a Leadership Lunch & Learn about Daniel Pink’s book “To Sell is Human: The Surprising Truth About Moving Others” Friday, April 5, from 11:45 a.m. to 1 p.m. in the Triumph Bank board room, 5699 Poplar Ave. Cost is $20. Register at in-synksellhuman.eventbrite.com.

9. First Horizon Raises Dividend and Stock Buyback -

This is a good way to start 2013, First Horizon National Corp. chairman and CEO Bryan Jordan said about news the Memphis-based company released Wednesday afternoon:

First Horizon, the parent of First Tennessee Bank, is bumping up its quarterly dividend from a penny to now 5 cents.

10. First Horizon Posts $41 Million Profit -

Memphis-based First Horizon National Corp. booked a profit of $41 million in the fourth quarter and generated earnings in line with Wall Street expectations of 17 cents a share.

11. Planning for the Future -

A few months ago, CNBC broadcaster Jim “Mad Money” Cramer all but reached up to the TV screen on his set to high-five Bryan Jordan, president, CEO and chairman of First Horizon National Corp., whose image was there via satellite.

12. Negative Impact -

First Horizon National Corp. reported a $26 million profit for the third quarter and improved profitability in its regional banking and capital markets businesses, though the Memphis-based company’s results still missed Wall Street’s expectations.

13. James Haslam Retires From First Horizon Board -

James “Jimmy” Haslam has retired as a member of the board of directors of First Tennessee Bank’s parent company.

14. First Horizon Honored for Technology -

The parent company of First Tennessee Bank is one of the most tech-savvy banks around, according to the information technology trade publication InformationWeek.

15. First Horizon Reports Q2 Loss -

The Memphis-based parent company of First Tennessee Bank swung as expected to a second-quarter loss Friday, July 20, over mortgage buyback demand from Fannie Mae and Freddie Mac.

16. MBGH Announces Conference Speakers -

Memphis Business Group on Health has announced the lineup for its annual conference, which will be held Sept. 6 at the Holiday Inn University of Memphis, 3700 Central Ave.

17. Analyst: First Horizon Prime Buying Target -

In one analyst’s opinion, the parent company of First Tennessee Bank is one of the most attractive buying targets for large banks in the U.S. at the moment.

18. FHN Posts Profit, Increases Share Buyback to $200M -

The Memphis-based parent company of First Tennessee Bank reported a 12-cent per share profit for the first quarter before the stock market’s opening bell Thursday, April 19.

19. First Horizon CEO Touts Strengths -

Analysts are expecting the parent company of First Tennessee Bank to report a profit of 13 cents per share when it reports first quarter earnings Thursday.

20. Morgan Keegan Analyst: First Horizon Strong -

An analyst note from Morgan Keegan & Co. Inc. published Sunday about the parent company of First Tennessee Bank says the Memphis-based banking company is in good shape.

21. First Horizon Posts Q4, Yearly Profit -

A little more than three years removed from the worst of the credit crisis and with a new chairman of the board in place, the parent company of the largest Tennessee-based bank posted solid fourth-quarter and full-year 2011 numbers Friday, Jan. 20.

22. First Horizon Posts Profit for Q4, Full Year -

A little more than three years removed from the worst of the credit crisis and with a new chairman of the board in place, the parent company of the largest Tennessee-based bank posted solid fourth-quarter and full-year 2011 numbers Friday, Jan. 20.

23. First Horizon Expected to Post Profit -

The parent company of First Tennessee Bank reports fourth-quarter earnings and its full-year 2011 results this month, and Wall Street analysts are expecting another quarterly profit from the Memphis-based company.

24. Jordan to Succeed Rose as First Horizon Chairman -

Bryan Jordan, the CEO of First Tennessee Bank parent company First Horizon National Corp., will succeed Mike Rose as First Horizon chairman Jan. 1.

25. First Horizon’s Profit Improves in Q3 -

Between July and September, the Memphis-based parent company of First Tennessee Bank, the largest bank based in Tennessee, more than doubled its quarterly profit compared with the same period in 2010, the company announced Monday, Oct. 17.

26. First Tenn. Parent Co.’s Profit Improves in Q3 -

Between July and September, the Memphis-based parent company of the largest bank based in Tennessee more than doubled its quarterly profit compared with the same period in 2010, the company announced Monday, Oct. 17.

27. Leadership Group Expands to Memphis -

A business leadership program started by former Tractor Supply Co. CEO Joe Scarlett and run for the last several years in Nashville is going so well the program is expanding to Memphis.

28. First Tenn. Bank Enables iPhone Check Deposits -

Just in time for the debut of the new iPhone in matter of days: First Tennessee Bank is the first Tennessee-based bank and among the first in the country to allow customers to deposit checks by snapping iPhone photos of them.

29. Memphis Banks Looking East to Nashville -

A growing number of Memphis-based banks are moving to take advantage of new opportunities to grow …

… In Nashville.

With its announcement just days ago that it’s chosen a Nashville market president, Metropolitan Bank – which is co-headquartered in Memphis and in Ridgeland, Miss. – became the latest to direct some attention east of the Tennessee River. As part of its expansion into Nashville, Metropolitan announced it’s looking for an office location and key talent with which to staff it up pending regulatory approval of the expansion.

30. First Horizon, Fitch Say Risk Manageable -

Bryan Jordan, the president and CEO of First Tennessee Bank’s parent company, told his audience at an industry conference a few days ago in New York City that his company has been out of the mortgage business for three years now.

31. First Horizon Beats Forecast With Q2 Profit -

Controlling what we can control. That was a talking point used by the leadership of First Tennessee Bank’s parent company a handful of times during its second quarter earnings presentation to analysts Friday morning. It reflects things outside the company’s influence, like a volatile interest rate environment, as well as controllable factors like aggressive cost-cutting moves intended to dramatically lower the company’s efficiency ratio by 2013.

32. First Horizon Beats Forecast With Q2 Profit -

Controlling what we can control.

That was a talking point used by the leadership of First Tennessee Bank’s parent company a handful of times during its second quarter earnings presentation to analysts Friday morning. It reflects things outside the company’s influence, like a volatile interest rate environment, as well as controllable factors like aggressive cost-cutting moves intended to dramatically lower the company’s efficiency ratio by 2013.

33. Leadership Memphis Announces Board Members -

Leadership Memphis has announced new board members and officers for its new fiscal year.

The officers and executive committee include Eric Robertson, chair; Beverly Jordan, vice chair; Bryan Ford, treasurer; Veronica Coleman Davis, secretary; Chris McLean, immediate past chair; Jeff Gaudino, alumni chair; Christine Munson, development chair; Lemoyne Robinson, program chair; and Jeane Chapman, marketing chair.

34. From The TDN Blog: First Horizon ‘Needs to Do a Deal’ -

If a tree falls in the forest but no one hears it, of course we know it made a sound. Can the same be said when a group of investors and analysts gathered for a bank industry conference talk among themselves about how a certain Memphis banking company needs to hurry up and spend some money acquiring a competitor, even when that bank isn’t presenting anything at the conference?

35. Burkett Leaving First Tennessee -

Charles Burkett, president of banking at First Tennessee, is ending a four-decade career with the bank with his retirement at the end of this year, First Tennessee announced Wednesday.

36. Burkett Leaving First Tennessee -

Charles Burkett, president of banking at First Tennessee, is ending a four-decade career with the bank with his retirement at the end of this year, First Tennessee announced Wednesday.

37. First Horizon Reports Profitable Q1 -

Bryan Jordan, president and CEO of Memphis-based First Horizon National Corp., told his audience at Tuesday’s annual meeting that the parent of First Tennessee Bank is becoming “more efficient and nimble.”

38. First Horizon Reports Profitable Q1 -

Bryan Jordan, president and CEO of Memphis-based First Horizon National Corp., told his audience at Tuesday’s annual meeting that the parent of First Tennessee Bank is becoming “more efficient and nimble.”

39. First Horizon’s Mtg. Reflects New Landscape -

When Mike Rose, board chairman of First Tennessee Bank’s parent company, opened the floor to questions at the annual meeting of shareholders Tuesday morning, the answer he got was – silence.

40. Analysts: First Horizon Could Report Small Q1 Profit -

The consensus estimate of more than two-dozen analysts is that First Tennessee Bank’s Memphis-based parent company will report a 4-cent profit for the first quarter when First Horizon National Corp. announces earnings this week.

41. First Horizon Honored for Employee Health Initiatives -

Memphis-based First Horizon National Corp. has received the CEO Cancer Gold Standard accreditation, a distinction developed by the CEO Roundtable on Cancer in collaboration with the National Cancer Institute.

42. FTN Financial Gets Right Fit at Top With Kisber -

Whenever Bryan Jordan, the president and CEO of Memphis-based First Horizon National Corp., gives a presentation to analysts or other financial industry types, he repeatedly stresses the company’s focus on its two core businesses.

43. ‘Big 3’ Reflect Local Banking Scene -

One of the most famous aphorisms about politics is that all of it is local. Bankers and other inhabitants of the finance world know the same often goes for them too.

In the run-up to the recession, financial services firms like Citigroup and Bank of America raced to gobble each other up and built sprawling financial supermarkets.

44. First Horizon CEO Talks About Q4 on CNBC -

After his company reported a quarterly loss Friday, the CEO of First Tennessee Bank’s parent company went on “Mad Money,” the show hosted by CNBC personality Jim Cramer.

45. First Horizon’s Q4 Loss Related to TARP Payment -

First Tennessee Bank’s parent company swung to a loss in the fourth quarter, a reversal the company attributed to its exit from the federal government’s emergency bank industry rescue program established in 2008.

46. First Horizon Swings to Q4 Loss Related to TARP Repayment -

First Tennessee Bank’s parent company swung to a loss in the fourth quarter, a reversal the company attributed to its exit from the federal government’s emergency bank industry rescue program established in 2008.

47. All Eyes on First Horizon in Advance of Q4 Report -

The consensus estimate of how First Tennessee Bank’s parent company fared in the fourth quarter is that it dipped back into the red following two straight quarterly profits.

48. First Horizon Repays TARP -

First Tennessee Bank's parent company has paid back the nearly $867 million investment of federal capital it got in 2008.

49. Fed Exec Forecasts Slow Growth in 2011 -

The economy is recovering slower than many people would like, but it probably won’t slip back into another painful recession.

At the same time, unemployment is likely to stay high for an extended period, and the prospects for a mostly consumer-led economic recovery don’t look good.

50. First Horizon Pushes For Efficiency -

First Horizon National Corp., the Memphis-based parent company of First Tennessee Bank, is mum on its recent round of job cuts except to say that more trimming is likely as the company strives for greater efficiency.

51. First Horizon Focused on Productivity, Profitability -

First Horizon National Corp.’s turnaround story is still a work in progress, but president and CEO Bryan Jordan told analysts during an industry conference this month he likes how it’s unfolding so far.

52. First Horizon Scores Another Surprise Profit -

For the second quarter in a row, the parent company of First Tennessee Bank has posted a surprise profit and soundly beat even the most optimistic analyst forecast.

53. First Horizon Scores Another Surprise Profit -

For the second quarter in a row, the parent company of First Tennessee Bank has posted a surprise profit and soundly beat even the most optimistic analyst forecast.

54. Panel Sounds Off on New Financial Reform Bill -

The newly inked financial reform bill that spans 2,000 pages was unavoidably necessary medicine for the banking and finance industries.

That was the basic takeaway from a panel discussion Tuesday on regulatory reform hosted by the Memphis branch of the Federal Reserve Bank of St. Louis.

55. First Horizon's Jordan Sees 'Slow and Low' Future -

The head of Tennessee’s largest banking company, Memphis-based First Horizon National Corp., doesn’t expect interest rates to budge much until sometime late next year.

56. Brighter Future -

The financial services industry in Memphis is apparently back to thinking about tomorrow, rather than simply making it through today.

Firms are hiring again, deepening their bench strength in key areas, recommitting to a focus on customer relationships – and, in some cases, once more turning a tidy profit.

57. First Horizon Reports $2.7M Profit -

The parent company of First Tennessee Bank made a surprise return to profitability in the second quarter, beating even the most optimistic analyst forecast and breaking an eight-quarter string of earnings losses.

58. First Horizon Reports $2.7M Profit -

The parent company of First Tennessee Bank made a surprise return to profitability in the second quarter, beating even the most optimistic analyst forecast and breaking an eight-quarter string of earnings losses.

59. ‘Hairspray’ to Provide Big Boost for SRVS -

Controversial music, dramatic hairdos and original artwork combine to benefit people living with disabilities in an artistically unique kickoff event at Playhouse on the Square.

On Sunday, Shelby Residential and Vocational Services will offer the play “Hairspray” as part of its fourth annual prelude benefit that begins a summer of fundraising.

60. Lawmakers Debate New Wall St. Rules -

The summer reading season is now in full swing, which can mean anything from a person tearing through the latest James Patterson thriller or curling up with a selection from classic literature they’ve always meant to finish.

61. First Tennessee on Cusp of Profitability -

Memphis’ most prominent local bank – which is also the largest based in Tennessee – looks close to breaking an eight-quarter string of earnings losses.

The average estimate among 26 analysts who cover the stock of Memphis-based First Horizon National Corp., the parent company of First Tennessee Bank, is that First Horizon will report another loss when it unveils its second quarter earnings in two weeks. But the loss will likely be a small one.

62. First Horizon’s Jordan Joins Federal Advisory Council -

First Horizon National Corp. president and CEO Bryan Jordan has been tapped to join the Federal Advisory Council.

63. Proposed Consumer Protection Agency Draws Critics -

In his recap of 2009 last week to shareholders in Nashville, First Horizon National Corp. president and CEO Bryan Jordan said the Memphis-based company generally supports reform of the financial industry.

64. First Horizon Presents Positive Outlook -

NASHVILLE – First Horizon National Corp. executives said Tuesday morning shareholders can expect the Memphis-based company to return to profitability and repay emergency federal capital soon.

65. FHN Q1 Results Point to Recovery -

The parent company of First Tennessee Bank posted its eighth straight quarterly loss Friday morning, although the loss was narrower than expected and brings the bank closer to profitability again.

66. FHN Posts $27M Loss in Q1 -

The parent company of First Tennessee Bank posted its eighth straight quarterly loss Friday morning, although the loss was narrower than expected and brings the bank closer to profitability again.

67. Three FTN Analysts Join Guggenheim -

The investment firm Guggenheim Partners LLC headquartered in New York and Chicago has snapped up three bank analysts formerly of FTN Equity Capital Markets, the unit Memphis-based First Horizon National Corp. announced recently it's shutting down.

68. Morgan Keegan, FHN Grab Industry Awards -

A few Memphis financial institutions have scooped up industry awards and distinctions.

Investment banking firm Morgan Keegan & Co. Inc., a subsidiary of Regions Financial Corp., was the eighth leading underwriter of municipal bonds in the country in 2009, according to Thomson Reuters.

69. Bank of Fayette Scoops Up MATCU Branch -

It’s something that might seem in short supply in the bloodied financial services industry these days. But thanks to a lucky turn of fate, McCall Wilson’s 105-year-old community bank, headquartered in Moscow, Tenn., opened a new branch in Oakland this week.

70. Banks Find Time Right to Repay TARP -

President Barack Obama made an effort to show his disdain for the taxpayer-funded bank bailout during his State of the Union address Wednesday night, likening its popularity to that of a root canal.

71. FDIC Report Offers Insight Into Banks’ Market Share -

First Tennessee Bank commands more than a third of the bank deposit market share in the Memphis area, while its closest rival has about half that amount.

72. Treasury: Local Banks Have Paid $42M in Interest -

Memphis-area banks have paid more than $42 million in interest to the federal government as part of the strings attached to emergency capital they received starting last year.

The desperately needed cash was doled out to banks to help them ride out the economic storm, and was one of the most significant planks in the government’s rescue of the financial system. Banks are making quarterly interest payments on those capital infusions, and the tally from banks in and around Memphis comes from a new report from the U.S. Treasury.

73. First Horizon Shuffles Ranks To Guide Growth -

Several top executives of First Tennessee Bank have been moving into new offices over the past few weeks as the 145-year-old company has shuffled its upper ranks and named new heads of important business lines.

74. Moody’s Economist To Offer Insights For Local Players -

The Economic Club of Memphis is bringing Mark Zandi, chief economist and co-founder of Moody’s Economy.com, to the city later this month to give a dinner presentation at the Holiday Inn-University of Memphis.

75. First Horizon CEO Rises Above Market Turbulence -

The logo of First Horizon National Corp. is a small piece of the Tennessee state flag.

It reflects the Volunteer State roots of the financial services giant. And it’s where First Horizon had begun to refocus itself before Bryan Jordan moved into a corner office of the company’s Downtown Memphis headquarters one year ago this week.

76. Banks Pay Back $30M in Interest on TARP Money -

The federal government has collected almost $30 million in interest payments from Memphis-area banks that got emergency capital starting last year, according to a new report from the U.S. Treasury.

77. In ’08, TARP Thrown Over Finance Industry -

One of the storylines that emerged in late 2008 and grew to become a symbol of the financial industry’s excess and Washington’s newfound regulatory zeal is a four-letter word: TARP.

The acronym for the Troubled Asset Relief Program involved the U.S. Department of the Treasury taking equity stakes in banks around the country in the form of preferred shares. A little less than a year after he started buying those shares in banks last fall, Uncle Sam has reached deep into his purse to make the investments in almost every banking market in the country.

78. Local Banks Hanker To Repay TARP Money -

Wall Street megabanks poised to repay the government’s bailout money aren’t the only ones eager to disentangle themselves from the grip of Uncle Sam.

Smaller banks on the local level also are intent to pay back loans they got last fall through the Troubled Asset Relief Program. And some of them want to dispose of those government IOUs soon – by the end of the year, if possible.

79. First Horizon CEO Strikes Optimistic Tone for Shareholders -  

First Horizon National Corp. president and CEO Bryan Jordan opened his remarks to shareholders at the Memphis company’s annual meeting Tuesday with what most listeners probably would say was an understatement.

“What an interesting year it’s been,” he said.

Jordan went on to acknowledge the bumpy economy had left the bank holding company with a $192 million net loss at the end of 2008. The company’s loss at the end of the first quarter was $82.8 million after paying out almost $15 million in preferred stock dividends.

Also as part of the unusual series of events in 2008, the company began a major wind-down of its national business and accepted an $866 million infusion of federal capital through the Troubled Asset Relief Program.

But Jordan also pointed to a strategic repositioning of the bank’s mission and operations as reasons to be optimistic about the future. First Horizon, the banking arm of which turned 145 years old this year, saw core deposits up about 4 percent in the first quarter compared to the previous quarter.

The company boasts strong capital and liquidity positions, with a Tier 1 capital ratio of 15 percent and tangible common equity to tangible assets at 7.1 percent. And Jordan said the company’s capital markets operation saw a second consecutive quarter of record earnings, with fixed-income revenues of $197 million in the first quarter compared to $156.5 million in the previous quarter.

“History supports a hopeful attitude,” Jordan said. “Our country will bounce back from this downturn. Our company also has a legacy of endurance and success.”

Actions taken by shareholders at the meeting include:

  • Appointing KPMG LLP as First Horizon’s auditor for 2009.
  • Electing five directors to serve until the 2010 annual meeting of shareholders or until their successors are elected: Mark Emkes, Bryan Jordan, Brad Martin, William Sansom and Vicki Palmer.
  • Approving an advisory proposal on executive compensation.

The advisory proposal is an outgrowth of the Emergency Economic Stabilization Act, amended by the American Recovery and Reinvestment Act of 2009, requiring any participant in the TARP program to include a non-binding shareholder vote on executive compensation.

Commonly referred to as a “say on pay” proposal, it gives shareholders a chance to endorse or speak out against the company’s executive pay program.

The First Horizon board of directors also approved Mike Rose's move from executive chairman of the board to non-executive chairman, a move that means a shifting for Rose away from an active, hands-on management role.

Rose became executive chairman more than two years ago as Jerry Baker became First Horizon's CEO. Baker was replaced in September by Jordan.

"The board and I agreed that I would serve in an executive role during what we realized would be a time of significant change for this company," Rose said in a statement. "And now the board and I agree that it's time for me to move to a non-executive role and focus my energy on the work of the board while leaving the management of the company to the strong CEO and leadership team that's in place today."

...

80. Covenant Bank Names Burnett Executive VP -

Charles R. Burnett has been hired as executive vice president for Covenant Bank.

81. First Horizon CEOs Take Home $6.8M in 2008 Pay -

CHARLOTTE, N.C. (AP) - Regional bank First Horizon National Corp. paid out more than $6.8 million in compensation to the two chief executives that oversaw the company in 2008.

82. Filing Shows Strained Times at First Horizon -

The number of meetings Memphis-based First Horizon National Corp.’s board of directors held in 2008 was almost double the ones held in 2007.

83. Bailout Questions Remain in ’09 -

Back in October, U.S. Sen. Bob Corker, R-Tenn., stood before an audience of bankers, civic leaders and businesspeople at the University of Memphis and defended his vote for the Emergency Economic Stabilization Act of 2008.

84. Losch Readies For CFO Role At First Horizon -

William “BJ” Losch will become the newest addition to the top ranks of Memphis-based First Horizon National Corp. next month when he takes over the executive role formerly held by current FHN president and CEO Bryan Jordan.

85. Gusmus to Lead FTN Financial - Memphis-based First Horizon National Corp. has chosen Frank Gusmus as the new president of FTN Financial, the investment banking arm of First Horizon.

Gusmus moved into the role of interim president at FTN Financial a little more than two months ago following the departure of former FTN Financial president Mark Medford.

Medford left the company to become president and CEO of the local investment firm Vining-Sparks IBG LP.

The choice of Gusmus to lead FTN Financial will not be the last management change to take place in the wake of Bryan Jordan’s promotion to CEO at First Horizon, a role he assumed in September. Jordan is First Horizon’s former CFO, and a search remains under way for that position.

...

86. Gusmus to Lead FTN Financial - Memphis-based First Horizon National Corp. is expected this afternoon to tap Frank Gusmus as the new president of FTN Financial, the investment banking arm of First Horizon, according to company sources.

Gusmus moved into the role of interim president at FTN Financial a little more than two months ago following the departure of former FTN Financial president Mark Medford.

Medford left the company to become president and CEO of the local investment firm Vining-Sparks IBG LP.

The choice of Gusmus to lead FTN Financial will not be the last management change to take place in the wake of Bryan Jordan’s promotion to CEO at First Horizon, a role he assumed in September. Jordan is First Horizon’s former CFO, and a search remains under way for that position.

...

87. Corker Justifies Bailout Vote -

As lawmakers scrambled over the last several months to deal with the fallout of the plunging U.S. economy, Tennessee’s junior senator quietly established himself as a force to be reckoned with among key decision makers.

88. First Horizon to Get $866M From US Treasury -

Memphis-based First Horizon National Corp. is set to get an infusion of $866 million in capital from the U.S. Treasury Department, money that’s part of the federal government’s plan to put $250 billion directly into banks across the country.

89. First Horizon to Get $866M From US Treasury -

Memphis-based First Horizon National Corp. is set to get an infusion of $866 million in capital from the U.S. Treasury Department, money that’s part of the federal government’s plan to put $250 billion directly into banks across the country.

90. First Horizon to Get $866M From US Treasury - Memphis-based First Horizon National Corp. is set to get an infusion of $866 million in capital from the U.S. Treasury Department, money that’s part of the federal government’s plan to put $250 billion directly into banks across the country.

First Horizon announced Friday that it has received preliminary approval from the Treasury Dept. to participate in the department’s Capital Purchase Program. The announcement came exactly one week after the Memphis company reported a third quarter 2008 loss of $118.3 million.

“I think it gives us a very strong position,” First Horizon CEO Bryan Jordan told The Daily News Friday afternoon about the Treasury program. “It gives us a tremendous amount of flexibility to grow our banking business, to increase our lending activities and to be responsive to the marketplace that we serve in the state. It also gives us the flexibility to grow our banking and capital markets business as opportunities present themselves.”

A news release distributed by First Horizon points to the possibility of future bank acquisitions as a result of the capital infusion, though Jordan declined to elaborate on that point.

“It’s never appropriate to comment on acquisitions, but clearly you can read that in the (wording about) flexibility,” he said.

The new money from the Treasury will boost First Horizon’s Tier 1 ratio to 14.1 percent from 10.9 percent. Tier 1 ratios are an important metric that regulators use in determining the health of a bank, and the ratio generally measures the bank’s ability to weather losses in the future.

First Horizon will sell senior preferred shares of the company’s stock to the Treasury Dept. to get the $866 million. The shares will pay a dividend of 5 percent for the first five years, which is generally regarded in the banking community as a low-cost outlet for new capital.

...

91. New CEO Talks Up First Horizon -

Bryan Jordan, the new CEO of First Horizon National Corp., was in New York Tuesday, busy with a task he also tackled at the end of his first week in the CEO’s chair Friday.

Jordan has been reaching out to Wall Street analysts in an attempt to reassure them about the direction of the Memphis-based financial services company.

92. First Horizon’s Incoming CEO Makes Rounds -

Bryan Jordan is a little more than two weeks away from moving into the driver’s seat at First Horizon National Corp. But his influence already can be felt throughout the banking company.

One of the things he’s done in advance of his promotion from First Horizon’s chief financial officer to its chief executive is make the rounds within the company to meet with and reassure employees. In an internal memo Jordan sent out last week, he said he’s already met with hundreds of employees at brown bag lunches over the past two weeks, events he said the company will continue to host about twice a year.

93. First Horizon Execs Trumpet Efforts to Buck Losses -

First Horizon National Corp., the Memphis-based parent company of First Tennessee Bank, has seen more than 50 percent of its share price evaporate since the beginning of this year. A thousand shares of First Horizon stock worth almost $38,000 last July would be worth only about $8,500 today based on Friday’s closing price of $8.47 a share.

94. First Horizon Swings To $19.1M Loss, CEO Plans to Retire -

MEMPHIS (AP) – Regional bank First Horizon National Corp. swung to a loss during the second quarter because of a sharp increase for loan-loss provisions, according to a Tuesday announcement.

The company also announced president and CEO Jerry Baker is leaving his position effective Sept. 1 to become vice chairman of the First Horizon National Corp. board of directors. He will be replaced by D. Bryan Jordan. Baker will assist in the transition until he retires in December.

95. BREAKING NEWS: First Horizon Swings to $19.1M Loss, CEO Plans to Retire -

MEMPHIS (AP) - Regional bank First Horizon National Corp. swung to a loss during the second quarter due to a sharp increase for loan-loss provisions, according to a company announcement Tuesday.

96. First Horizon ExecsSnap Up Company Stock -      Two top executives at Memphis-based First Horizon National Corp. have bought shares of the company's stock within the last several days.
     Bryan Jordan, executive vice president and chief

97. First Horizon CEOBuys 5K Shares of Stock -      Gerald Baker, president and CEO of Memphis-based First Horizon National Corp., is the latest top executive at the financial services giant to recently snap up shares of company stock.
     Ba

98. Stock Buys Lend Context to First Horizon's Future -

Top executives at First Horizon National Corp. are snapping up shares of company stock.

First Horizon chief financial officer Bryan Jordan bought 5,000 shares last week for nearly $145,000. Jordan, who worked as chief financial officer at Regions Financial Corp. before joining First Horizon this spring, bought 600 shares at $28.97 each and 4,400 shares at $29 each.

99. Popwell Signs on As Head of First Tennessee -

David Popwell has been hired by First Horizon National Corp. to lead First Tennessee Bank in Memphis and surrounding areas. Popwell formerly seved as chairman, president and CEO of SunTrust Memphis.

100. First Horizon Corp.Appoints New CFO -      First Horizon National Corp., the parent company of First Tennessee Bank, announced the appointment of D. Bryan Jordan as the company's chief financial officer (CFO), effective May 1.
     J