First Horizon announces bonus for employees
Source: Nasdaq GlobeNewswire / 22 Dec 2017 16:30:09 America/New_York
MEMPHIS, Tenn., Dec. 22, 2017 (GLOBE NEWSWIRE) -- 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 Horizon
First 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.
CONTACT: First Horizon
Investor Relations, Aarti Bowman, (901) 523-4017
Media Relations, James Dowd, (901) 523-4305