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First Tennessee marks 145 years

First Tennessee Bank is celebrating its 145th anniversary this year.

“We are going back to basics, a strong bank presence and a strong capital market presence, and in all likelihood a smaller mortgage presence,” First Tennessee media spokesperson Jennifer Holder said.

“This footprint led to high R-O-E’s through the 90s, along with three stock splits,” she added.

The Memphis-based bank was founded in March 1864 by Frank S. Davis under the name First National Bank of Memphis.

In 1913, First National merged with Memphis-based Central-State National Bank, and in 1971, the bank’s First National Holding Company changed its name to First Tennessee National Corporation.

Farragut’s Kingston Pike branch opened in 2003; the Turkey Creek location opened in 2004.

First Tennessee offers both personal and commercial banking options.

“We are a full-service retail commercial bank, but even beyond that, we have a full menu of wealth management and brokerage services,” Holder said.

First Tennessee has its own brokerage company, First Tennessee Brokerage.

“Everything from a vanilla savings account to the most sophisticated corporate products; we work with the largest companies in town, and can provide anything any other bank does,” Holder said.

The bank also has a division called FTN Financial, a capital markets group, with offices worldwide.

“They do bond issuances and things of that nature, and we have offices in Chicago, New York, and just opened one in Asia.

“We’re very diversified,” Holder said.

Most of First Tennessee’s branch locations are in Tennessee.

“We are proudly Tennessee’s bank. It is First Tennessee that is the largest bank headquartered in Tennessee, and we are committed to our local regions with financial resources, local decisions and community involvement by our employees,” Holder said.

“We are Tennessee’s bank: the oldest, largest independent bank in Tennessee. We hold the position that other banks aspire to achieve,” she added.

Both of Farragut’s branches, 11864 Kingston Pike and 11685 Parkside Drive, are open from 8:30 a.m. to 6 p.m. on weekdays and from 9 a.m. to 1 p.m. Saturdays.

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