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Tennessee: Banks’ Economic Impact

Banks support Tennessee’s economy with consumer, business and other loans, and by providing more than 44,000 people with a rewarding place to work.

Find State-by-State Data #
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  • 44,530Employees

  • $4.6 BTotal Annual Compensation & Benefits

  • $102,207Average Total Compensation & Benefits

  • 123Banks Headquartered in State

Source: FDIC Call Report 2022Q4, Bureau of Labor Statistics 2022, ABA analysis



  • $26.2 BNew Home Loans Booked in 2022

  • 75,575Number of New Home Loans in 2022

  • $305,000Median New Home Loan Size in 2022

  • $12.8 BSmall Business Loans

  • 430.2 KNumber of Small Business Loans

  • $29,820Average Small Business Loan

  • $813.6 MSmall Farm Loans

  • 13,334Number of Small Farm Loans

  • $61,016Average 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: FFIEC HMDA 2022, FFIEC CRA 2021, FDIC Call Report 2022Q4, ABA analysis



  • $222 BDeposits

  • 170Banks Operating Branches

  • 1,932Branches & Offices

  • 809Branches Offering Low Fee Bank On-certified Accounts

Source: FDIC Summary of Deposits 2022Q2, CFE Fund, ABA analysis

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