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First Horizon announces pay increase Company invests tax gains into its people and communities
Jennifer Holder
Tuesday, February 20, 2018
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
“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 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

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