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Tennessee: Banks’ Economic Impact

Banks support Tennessee’s economy with consumer, business and other loans, and by providing more than 38,000 people with a rewarding place to work.

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  • 38,005Employees

  • $3.8 BTotal Annual Compensation & Benefits

  • $100,816Average Total Compensation & Benefits

  • 139Banks Headquartered in State

From New York Politics to Bank Communications

Silvia Alvarez holds a leading role in bank corporate communications at First Horizon National Corp in Memphis—a rewarding turn in her career path that draws from her experience in New York politics, government and more.

Source: Estimates based on ABA 2019/2020 survey data



  • $6.1 BSmall Business Loans Outstanding

  • $19.2 BNew Home Loans Booked in 2018

  • 90,413Number of New Home Loans in 2018

  • $155,000Median New Home Loan Size in 2018

  • $3 BSmall Farm Loans Outstanding

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: Estimates based on ABA 2019/2020 survey data, HMDA



  • 3.7 MTotal Customers

  • $160.3 BDeposits

  • 3.2 MConsumer

  • 547.5 KSmall Business

  • 20.9 KSmall Farm

  • 188Banks Operating Branches

  • 2,031Branches & Offices

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. In July, they launched a campaign to boost commerce and support for local merchants, which became known as ‘TennCommUNITY’. This campaign encouraged their community members to shop locally by implementing several promotional items such as unified print ads and outdoor advertising, videos and social media posts. Each of the partner organizations in TennCommUNITY offered discount coupons for holiday shopping at any small business that wanted to participate.

Source: Estimates based on ABA 2019/2020 survey data, FDIC branch deposit data

Giving Back

Giving Back

  • 211.1 KVolunteer hours

  • $55 MCommunity Donations


Teaching Children to Save


Employees of The Farmers Bank, headquartered in Portland, TN, give their time and expertise to a variety of financial education programs for students aged pre-K through college—from reading stories about money and savings to nursery school students to participating in ABA Foundation’s Teach Children to Save. During 2019’s Teach Children to Save program, 60 employees read to approximately 2,100 first grade students and 95 classrooms in 27 private and public schools visited.

More stories on Giving Back #

Source: Estimates based on ABA 2019/2020 survey data. Does not include individual employee donations.

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