Following a year of what company officials describe as "impressive performance" by First Horizon National Corporation, parent company of First Tennessee, and in connection with recent tax reform efforts, First Horizon is offering bonuses to employees.
First Tennessee 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.
Chattanooga Market President Jeff Jackson said, “We are thrilled that we’re able to honor the work of our team with this bonus. They do so much not only to assist our customers but also our community. I’d like to personally thank our team for all they do. It’s an honor to work with them.”