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Tennessee: Banks’ Economic Impact

Banks support Tennessee's economy with consumer, business and other loans, and by providing more than 41,000 people with a rewarding place to work.

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  • 41,350Employees

  • $4.2 BTotal Annual Compensation & Benefits

  • $101,630Average Total Compensation & Benefits

  • 131 Banks Headquartered in State

Forging a Special Bond While Feeding Their Community

Troy Rogers, the City of Chattanooga’s public service coordinator, and Michael Mathis, Chattanooga market executive for Regions Bank, came together to transform their community for the better. They became acquainted through their mutual support for United Way of Greater Chattanooga—friendship deepening due to the challenges presented by COVID-19, and the mounting racial unrest in America.

Source: FDIC branch deposit data (2021 Q2), FDIC Call Report 2Q2021, 2021 BLS/US Census Quarterly Census of Employment and Wages (QCEW) for Credit Intermediation and Related Activities, and ABA Analysis



  • $33.1 BNew Home Loans Booked in 2021

  • 117,032Number of New Home Loans in 2021

  • $205,000Median New Home Loan Size in 2021

  • $6.9 BSmall Business Loans

  • 409.5 KNumber of Small Business Loans

  • $16,832Average Small Business Loan

  • $1.9 BSmall Farm Loans

  • 44,045Number of Small Farm Loans

  • $48,878Average Small Farm Loan

Energy Team

Serving Niche Industries

Energy Team

From music, energy, franchise finance and credit processing, to asset based lending, international banking, mortgage warehouse lending and more, First Horizon National Corporation’s banking experts serve several niche industries. An energy lending group builds relationships with primarily up- and mid-stream companies in the oil and gas industry. The team even conducts site tours to get a first-hand sense of how the businesses operate, helping them better serve their small business customers.

More stories on Lending #

Source: CFPB HMDA data, year-end 2021; FDIC Call Report 2Q2021 and Year-End 2021; 2021 USDA Quarterly Farm data and USDA/Census Data from 2017 State of Ag Survey; 2021 SBA/Census Data and ABA analysis



  • 6.9 MCustomers

  • $213.1 BDeposits

  • 176Banks Operating Branches

  • 1,970Branches & Offices

  • 792Branches Offering Low Fee Bank On-certified Accounts

Coming Together to Support Small Businesses

When the COVID-19 pandemic impacted small businesses in Wilson County, Tenn., nine community banks and the three local chambers of commerce joined together to help.

Sources: Estimates based on ABA 2020/2021 survey data; FDIC Summary of Deposit (SOD) 2021Q2 Data; Cities for Financial Empowerment Fund

Giving Back

Giving Back

  • 186.5 KVolunteer Hours

  • $56.0 MCommunity Donations

Helping First-Generation College Students Thrive

More than 20 years ago, Jacki Rodriguez was part of the University of Memphis’ First Scholars® Program, which serves first-generation college students. Today, Rodriguez serves as director of that very program—propelling students to academic and career success.

Source: Estimates based on ABA 2020/2021 survey data

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