First Tennessee Bank expands specialty finance businesses
18 October 2016 - 10:00PM
First Tennessee Bank is expanding its focus on businesses with
specialized banking needs by hiring bankers with extensive
experience in four areas: franchise finance, healthcare finance,
music industry banking and structured equipment finance. By
attracting experienced bankers with established relationships to
lead these specialty areas, First Tennessee will expand its
expertise and grow its business throughout Tennessee and with
selected customers across the country.
The new specialty areas and executives who will lead the
teams:
Franchise Finance
First Tennessee has hired Todd Jones, former senior managing
director for brand management for General Electric Capital Corp.,
to lead the franchise finance team. With the hiring of Jones and
expansion of the team of bankers experienced in meeting the unique
needs of franchise finance customers, First Tennessee is
significantly expanding its franchise finance business following
the acquisition of approximately $537 million in restaurant
franchise finance loans from GE Capital.
Healthcare Finance
Brooks Hubbard has joined First Tennessee to lead a specialty
healthcare finance group focused on sponsor-backed healthcare
transactions in Tennessee and throughout the United States. Before
joining First Tennessee, Hubbard was managing director of
healthcare banking for one of the country’s 25 largest
banks.
Music Industry Banking
Andrew Kintz, one of the leading bankers on Nashville’s Music
Row, is establishing First Tennessee’s first dedicated music
industry banking group. Kintz and his team will spearhead a new
strategy focused on music industry businesses and individuals
including publishers, management firms, agencies, labels,
producers, artists, songwriters, attorneys and other music industry
centers of influence in Tennessee, the Southeast and
nationally.
Structured Equipment Finance
Lee Palm, a financial industry veteran experienced at developing
successful de novo business segments, will lead First Tennessee’s
new structured equipment finance banking group. Palm and his team
will focus on business aviation, construction, marine, rail and
trucking finance.
“Banking is a relationship business, and we’ve been able to
attract some very talented bankers who have developed great
relationships and deep expertise in a variety of specialized
finance areas,” said David Popwell, president of banking for First
Tennessee’s parent company, First Horizon National Corp. (NYSE:
FHN). “Our specialty banking businesses have traditionally been
among our strongest, and we are building on that success with these
new members of the talented First Tennessee team.”
About First Tennessee First Tennessee Bank, the
largest bank headquartered in Tennessee, was founded during the
Civil War in 1864 and has the 14th oldest national bank charter in
the country and one of the highest customer retention rates of any
bank in the country. First Tennessee and FTN Financial are part of
First Horizon National Corp. (NYSE:FHN), which has 4,300 employees.
First Horizon has been recognized as one of the nation's best
employers by Working Mother and American Banker magazines. More
information is available at www.FirstTennessee.com.
FHN-G
Aarti Bowman, Investor Relations, (901)523-4017, AAGoorha@FirstHorizon.com
James Dowd, Media Relations, (901)523-4305, JEDowd@FirstHorizon.com
First Horizon (NYSE:FHN)
Historical Stock Chart
From Apr 2024 to May 2024
First Horizon (NYSE:FHN)
Historical Stock Chart
From May 2023 to May 2024