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Article: Mid-Tier Exit Strategy: First Tenn. to build bank on mortgage base.(First Tennessee National Corp.)
- Article from:
- American Banker
- Article date:
- March 16, 2004
- Author:
CopyrightCOPYRIGHT 2004 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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At First Tennessee National Corp.'s annual meeting here next month, shareholders will probably approve a name change symbolizing a transformation.GOOD and Different
The $25 billion-asset company wants to delete Tennessee from its name and become First Horizon National Corp. to emphasize its growth beyond its home state.
"I think we were probably the last bank of any size with a state name," said Kenneth Glass, the company's chairman, president, and chief executive, in an interview. The name change will put more focus "on who we really are."
"We're not a state bank anymore," Mr. Glass said. "We're not a regional bank."
Though it ...