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Tennessee: Banks’ Economic Impact

Banks support Tennessee’s economy with consumer, business and other loans, and by providing more than 37,000 people with a rewarding place to work.

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Jobs

Jobs

  • 37,844Employees

  • $3.6 BTotal Annual Compensation & Benefits

  • $94,792Average Total Compensation & Benefits

  • 132Banks 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 Call Report year-end 2020, estimates based on ABA 2020/2021 survey data

Lending

Lending

  • $31.1 BNew Home Loans Booked in 2020

  • 120,888Number of New Home Loans in 2020

  • $205,000Median New Home Loan Size in 2020

  • $8.8 Bin Paycheck Protection Program (PPP) Loans Facilitated

  • 91,054PPP Loans

  • $21,899Median PPP Loan

  • 1.1 MJobs Supported by PPP

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: HMDA, SBA PPP Loans, ABA analysis

Customers

Customers

  • 3.8 MCustomers

  • $213.1 BDeposits

  • 175Banks Operating Branches

  • 1,970Branches & Offices

  • 774Branches 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.

Source: Estimates based on ABA 2020/2021 survey data, FDIC Summary of Deposits (2021Q2), 2021 CFE Fund

Giving Back

Giving Back

  • 186.5 KVolunteer Hours

  • $56 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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