First Tennesse Bank Headquarters Information

First Tennessee is a company specializing in financial services. It’s headquartered in Memphis, Tennessee but is also part of the First Horizon National Corporation.

The bank has branches in 162 locations and its assets are currently valued at approximately $28.8 billion. The bank employs around 4000 people.

The bank’s parent company, First Horizon National Corporation has $39.5 billion in assets and in the southeast, it’s the 4^th biggest regional banking company. Apart from First Tennessee Bank, it’s also the parent company of:

• Capital Bank Financial
• FTB Advisors, Inc. – A wealth management company
• FTN Financial – Provides trading services and fixed income sales to institutional customers

History of First Tennessee Bank

In 1864 Frank Davis submitted the charter to open Memphis’ first federally chartered bank. This was during the Civil War and the city was still under martial law following its capture by the Union Army. The bank was officially chartered as the First National Bank of Memphis.

The bank outlasted the war by in 1878, an outbreak of yellow fever in Memphis resulted in thousands of deaths. Many more fled from the city and the population went down by more than half. However, the bank would remain open, serving customers for 3 hours every day while also distributing relief funds that had come in from other parts of the United States.

In 1897, the bank’s deposits would go over the $1 million mark after it acquired the German Bank. The bank would also be one of the five in the 12 districts that assisted in the implementation of the Federal Reserve Act (1913).

The bank merged with Central-State National Bank in 1926 but kept its name even as the other bank took over operations.

In the years to come, the bank would survive:

• Floods
• Recessions
• The Great Depression
• World wars

Despite all the challenges, the bank grew to become a major regional financial services company. By 1967, it was the biggest bank in the Mid-South. First National Holding Corporation, a holding company was formed in 1969 before the name was changed to First Tennessee National Corporation in 1971.

The holding company acquired several banks and changed their names to First Tennessee Bank. However, it wouldn’t be until 1977 before First National also adopted the same name.

More recently, the bank has embarked on efforts to expand beyond Tennessee and has been offering private client and commercial banking services to various markets in the Mid-Atlantic and the Southeast.

The Headquarters

The corporate offices of First Tennessee Bank are located in Memphis, TN at 165 Madison Avenue. The bank is the principal tenant in the building and it has been at this location since 23^rd March, 1964.

The construction of this building was finished back in 1964 and it has 25 floors. It reaches 332 feet in height and this makes it the city’s 7^th tallest building.

The building is estimated to have cost $10.2 million to construct and the site where it stands was also the previous location of the Goodwyn Institute.

First Tennesse Bank Headquarters Address

165 Madison Ave, Memphis, TN 38103, USA

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