First Horizon announces bonus for employees
MEMPHIS, Tenn. – Following a year of impressive performance by First Horizon National Corp. (NYSE:FHN), and in connection with recent tax reform efforts, First Horizon is offering bonuses to employees.
First Horizon 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.
In Tennessee, First Horizon uses the First Tennessee brand name.
“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.