A penny for Penny at First Tenn

Sandra ClarkOn the Grow

First Tennessee Bank has unveiled a Visa debit card featuring the image of Anfernee “Penny” Hardaway, a standout basketball player at the University of Memphis who has returned to his alma mater as head coach of the men’s basketball team.

Concurrent with the Feb. 19 card’s launch, First Tennessee donated $15,000 to the Penny Hardaway basketball camp to offset the cost for participants. Visit FTB.com/Penny or any First Tennessee Bank branch to get the card, available for $8 to qualified checking-account customers.

Advisors aid business planning

First Tennessee Bank is adding a new set of resources to more comprehensively serve their business owner clients by partnering with Red Rock Advisors, a firm specializing in business-transition planning.

“We’ve worked with the Red Rock Advisors team for a number of years and have a high level of confidence in the expertise they will bring in assisting our business owner clients,” said Rhomes Aur, CEO of FTB Advisors.

The Red Rock Advisors team will work with First Tennessee’s commercial and wealth team members to help business owners with transition/exit planning. Learn more at www.redrockadvisorsllc.com.

2018 financial results

First Horizon National Corp., parent company of First Tennessee Bank, has announced its 2018 fourth-quarter and full-year financial results. Reported earnings per share were $1.65 in 2018, compared with 65 cents in 2017. The improvement was largely driven by the merger with Capital Bank in 2017, the gain on the sale of Visa Class B shares in 2018, and tax reform, according to a company release.

Reported earnings per share were 30 cents in fourth quarter 2018 (adjusted earnings per share were 35 cents).

New digital websites

Capital Bank and First Tennessee Bank have launched new digital websites for merchant services. Capital Bank and First Tennessee Bank are part of the First Horizon National Corp. (NYSE:FHN) family of companies, which also includes FTB Advisors and FTN Financial.

The service, processed by First Data, is built on an online platform where new and existing business clients can enroll in a merchant account and get credit approval in a matter of minutes.

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