News Topic: First Horizon National

With the coronavirus pandemic intensifying and hopes for a quick economic recovery fading, banks large and small are reducing headcounts, shuttering branches, shedding office space and generally trying to trim expenses wherever they can. ... Read full article

As companies move work off-site because of the pandemic, a host of issues have arisen around remote access, network monitoring and cybersecurity. ... Read full article

First Horizon and Pacific Premier are warning in regulatory filings that the pandemic could complicate deals that have not been completed. ... Read full article

Earnings hit could be avoided if BB&T and SunTrust complete deal by 2020; Fannie and Freddie will likely exit conservatorship by 2024, Calabria says; tired of paying 'ransom' to core vendors, two small banks fund new one; and more from this ... Read full article

First Horizon, Iberiabank in year's second-biggest bank merger; bank failure in New Jersey is nation's third in a week; smaller banks take a turn swinging the ax; and more from this week's most-read stories. ... Read full article

Commercial lending provided a boost for some regional banks in the third quarter, but further rate cuts and a slowing economy could challenge future growth. ... Read full article

Executives at the Tennessee banks are using the biggest bank merger in a decade to aggressively recruit lenders and clients in Southeastern markets. ... Read full article

Earnings at the holding company for First Tennessee Bank beat expectations even after excluding those one-time factors. ... Read full article

Several female executives accepted leadership roles throughout the industry and in regulatory roles during the past month. ... Read full article

The Tennessee regional said the sale should boost quarterly profit by $160 million. ... Read full article

Dawn Morris, formerly of Webster Financial, will also oversee marketing and customer experience. ... Read full article

One-time items included $43.2 million of second-quarter expenses related to the Capital Bank acquisition, but First Horizon executives forecast sizable savings from the deal. ... Read full article

Bankers hoped the tax overhaul would stimulate a boom in business borrowing, but several said this week that hasn’t happened yet. PNC’s Bill Demchak warned that the tax cuts could be encouraging lenders to underprice loans. ... Read full article

First Horizon CEO Bryan Jordan said the bank is still on track to meet cost-cutting targets from its 2017 deal for Capital Bank in North Carolina ... Read full article

Following its acquisition last November of Capital Bank in North Carolina, First Horizon will fund mortgage and small-business lending in low-income areas of the Southeast and expand its vendor relationships with minority-owned firms. ... Read full article

Buying Capital Bank Financial helped boost revenue by 17% in the fourth quarter, but one-time charges related to recent tax cuts dragged down the Memphis company's profits. ... Read full article

Online banks have been aggressively raising the rates they pay on consumer deposits, and that is forcing mainstream banks to consider following suit or risk losing valuable deposits to their more nimble competitors. ... Read full article

Even as women make up an increasing share of potential clients in the private wealth sector, only a small percentage of financial institutions are reaching out to them. ... Read full article