First Tennessee still sees plenty of local opportunity

By Geert De Lombaerde Posted on November 16, 2009 at 10:02 am

In an update of its analyst packet, First Horizon says its retail branch network in Middle Tennessee has the potential to grow big time, pointing to the lower deposit levels at its new branches. Getting the 25 office built since 2003 up to snuff would lift First Tennessee’s local deposits by more than $700 million. (In the most recent FDIC snapshot, First Tennessee checked with $1.6 billion in deposits, slipping to sixth in Nashville-area deposit market share.)

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Tags: banking, deposits, First Horizon National Corp.  

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