MEMPHIS, Tenn., Nov. 9, 2015 (GLOBE NEWSWIRE) -- First Horizon National Corp. (NYSE: FHN ), parent company of First Tennessee Bank, has named Keith Turbett corporate CRA officer. Turbett, a veteran CRA program leader, will strengthen First Horizon's efforts under the Community Reinvestment Act, which encourages banks to meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound operations.
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=37484
"Our company is committed to meeting the financial needs of all segments of our communities," said David Popwell, president of banking for First Horizon. "The addition of Keith will enhance that commitment. Keith's leadership, experience and knowledge of the area will help us continue to make a positive impact on the communities we serve."
Turbett started his banking career in 1979 with the Federal Reserve Bank of St. Louis and led the establishment of a community affairs office serving West Tennessee, Eastern Arkansas and North Mississippi. In 1999 he became the corporate CRA officer for National Commerce Financial overseeing all CRA, Fair Lending and HMDA regulatory work. After the SunTrust acquisition of National Commerce Financial, he became the community development manager responsible for the West Tennessee and Alabama regions, including Memphis, Nashville and Florence, AL. He serves on the boards of United Housing, the Tennessee Affordable Housing Coalition and Tennessee Jumpstart and on the Community Development Advisory Council for the Federal Reserve Bank of St. Louis.
"I am proud to join the First Horizon team," Turbett said. "Few companies are more engaged with community service and outreach. I'm looking forward to helping tell that story and making our CRA program even more effective."
First Tennessee Bank meets community needs through:
- Bank On Memphis: First Tennessee helps unbanked citizens access mainstream banking by offering a low-cost checking account that more than 3,000 people have selected.
- Operation HOPE: In partnership with Operation HOPE, the bank offers free credit counseling workshops at two branches, with more to come.
- Affordable housing : First Tennessee has been the bank partner for 885 housing units developed with Affordable Housing Program grants through the Federal Home Loan Bank of Cincinnati.
- Community investment : The First Tennessee Foundation provides about $5 million a year in grants to promote the well-being of its communities, with a focus on financial literacy and economic development.
- Response to foreclosures : First Tennessee helped coordinate the public/private response to the wave of foreclosures in Shelby County following the financial crisis, working with partners to provide homeowner counseling and mitigate the impact on neighborhoods.
About First Horizon
The 4,200 employees of First Horizon National Corp. (NYSE: FHN ) provide financial services through more than 170 bank locations in and around Tennessee and 26 FTN Financial offices in the U.S. The company was founded during the Civil War in 1864 and has the 14th oldest national bank charter in the country. First Tennessee has the largest deposit market share in Tennessee and one of the highest customer retention rates of any bank in the country. FTN Financial is a capital markets industry leader in fixed income sales, trading and strategies for institutional customers in the U.S. and abroad. First Horizon has been recognized as one of the nation's best employers by Forbes, Working Mother and American Banker magazines. More information is available at www.FirstHorizon.com .
FHN-G
Keith Turbett, (901) 523-4627 Media Relations, Jack Bradley, (901) 523-4813
