First Horizon Leaders Celebrated as Top Women in Banking

First Horizon Leaders Celebrated for Their Achievements

First Horizon Corp. (NYSE: FHN) is thrilled to announce the recognition of two of its influential leaders, Chief Financial Officer Hope Dmuchowski and Chief Operating Officer Tammy LoCascio, who have been named among American Banker's Most Powerful Women in Banking. This accolade highlights the remarkable achievements of women who make significant impacts in the finance and banking sectors.

Hope Dmuchowski's Leadership During Challenges

During a challenging year marked by a significant merger agreement's dissolution, Dmuchowski showcased her leadership skills effectively. She spearheaded initiatives to renew investor relations, emphasizing the organization's resilience and its capacity to generate positive business momentum. Within just a month, she and her team arranged numerous investor meetings, which helped improve stock prices by more than 45%, alongside a 4% increase in deposits, with a commendable retention rate of 90% throughout the year. Dmuchowski is also passionate about empowering women in business and actively mentors novice leaders.

Tammy LoCascio's Technological Innovations

On the technology front, LoCascio and her team worked relentlessly to enhance the bank's operational abilities. They introduced a comprehensive tech strategy, allocating an additional $100 million towards modernizing First Horizon’s technological infrastructure. This strategic investment has not only boosted the bank's operational efficiency but has also resulted in tangible benefits advantageous to its business model. Under LoCascio's supervision, the company also prioritized its workforce by raising their minimum wage and creating programs where all employees could benefit from performance-based incentives.

Recognition of Excellence and Commitment

In a statement, Bryan Jordan, Chairman, President, and CEO of First Horizon, praised both Dmuchowski and LoCascio, remarking on their dedication to cultivating an environment of excellence and empowering staff. He noted, "Hope and Tammy exemplify the core values we stand for at First Horizon. Their contributions to our organization and wider community are invaluable, and their recognition among such esteemed figures is well-deserved."

Diversity and Inclusion in Financial Services

American Banker's initiative, The Most Powerful Women in Banking™, is a tribute to individuals and teams demonstrating extraordinary leadership, successful business performance, and a true commitment to increasing diversity and inclusion within the financial services realm. The program has been instrumental in showing how far the banking industry has progressed over the past two decades.

Acknowledging Progress Amidst Challenges

Chana Schoenberger, Editor-in-Chief of American Banker, remarked on the significance of this recognition, highlighting how these accomplished women have made strides, especially during challenging periods for the banking sector. She emphasized that progress in banking does not occur by chance but is driven by the relentless efforts of empowered individuals.

About First Horizon

First Horizon Corp. (NYSE: FHN) is recognized as a prominent regional financial services institution with everything to offer from capital to counsel, totaling assets of $82.2 billion as of mid-2024. Based in Memphis, TN, the company serves clients across 12 states, providing a wide range of services, including commercial banking, private banking, and wealth management. Moreover, First Horizon has been celebrated as one of the best workplaces, garnering accolades from acclaimed institutions like Fortune and Forbes.

About American Banker

American Banker plays a crucial role in empowering banking professionals with insights that influence their operations significantly. Through its extensive journalism, events, and research, it fosters knowledge sharing among an engaged community of over 850,000 banking professionals, underlining its commitment to spreading awareness about innovations and reforms in the banking landscape.

Frequently Asked Questions

What recognition did First Horizon leaders receive?

Hope Dmuchowski and Tammy LoCascio from First Horizon were honored as among American Banker's Most Powerful Women in Banking.

What did Hope Dmuchowski achieve in her role?

Dmuchowski led significant investor engagement initiatives following a merger's cancellation, resulting in strong stock performance and deposit retention.

How did Tammy LoCascio impact First Horizon's technology?

LoCascio implemented a $100 million technology strategy, enhancing operational efficiency and overall business conduct.

How does American Banker identify powerful women in banking?

American Banker recognizes women showcasing exceptional leadership, business performance, and dedication to diversity in financial services.

What services does First Horizon provide?

First Horizon offers a diverse suite of banking services, including commercial, retail, private banking, and wealth management solutions.

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