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Tennessee: Banks’ Economic Impact

Banks support Tennessee's economy with consumer, business and other loans, and by providing more than 43,000 people with a rewarding place to work.

Find State-by-State Data #
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Jobs

Jobs

  • 43,784Employees

  • $4.7 BTotal Annual Compensation & Benefits

  • $106,934Average Total Compensation & Benefits

  • 117Banks Headquartered in State

Source: FDIC Call Report 2023Q4, Bureau of Labor Statistics 2023, ABA analysis

Lending

Lending

  • $22.1 BNew Home Loans Booked in 2023

  • 62,732Number of New Home Loans in 2023

  • $305,000Median New Home Loan Size in 2023

  • $14.7 BSmall Business Loans

  • 434.2 KNumber of Small Business Loans

  • $33,911Average Small Business Loan

  • $825.1 MSmall Farm Loans

  • 13,351Number of Small Farm Loans

  • $61,799Average 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 2023, FFIEC CRA 2023, FDIC Call Report 2023Q4, ABA analysis

Customers

Customers

  • $222 BDeposits

  • 176Banks Operating Branches

  • 2,018Branches & Offices

  • 839Branches Offering Low Fee Bank On-certified Accounts

Source: FDIC Summary of Deposits 2023Q4, CFE Fund, ABA analysis

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