Corporate History
In March 25, 1864, First National Bank of Memphis started business in one room in a building on North Court Street in Memphis, Tennessee.Two months later, the bank moved to expanded space at No. 9 Madison Street.
Allen B. Morgan was named president in 1960, chief executive in 1967, and chairman two years later. During Morgan's tenure, First National grew from roughly than $500 million in assets to more than $1.5 billion. Morgan retired in 1973.
Today the company is one of the 30 largest bank holding companies in the United States.
Read more about this topic: First Tennessee
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