Keith Turbett Joins First Horizon to Enhance CRA Program
November 09 2015 - 6:16PM
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
CONTACT: Keith Turbett, (901) 523-4627
Media Relations, Jack Bradley, (901) 523-4813
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