Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Instagram Outage Disrupts Thousands of U.S. Users 
Joins Pathway Lending to help create jobs and expand small businesses
MEMPHIS, Tenn., Aug. 09, 2016 -- First Tennessee has invested $5 million in Pathway Lending’s Tennessee Small Business Jobs Opportunity Fund, which helps businesses access capital to create jobs and expand operations. The Fund is designed to provide financial services to small businesses unable to access traditional capital.
“Our goal is to provide financial empowerment tools and support to small business owners who are the backbone of our economy,” said Bryan Jordan, chairman and CEO of First Tennessee’s parent company, First Horizon National Corp. (NYSE:FHN). “When our small businesses are healthy and strong, they fuel job growth and strengthen our communities.”
Pathway Lending is an “Endorsed Product” of the Tennessee Bankers Association for its member banks as a Community Development Financial Institution providing Community Reinvestment Act qualified loans and investments.
“Every day we hear about the challenges of accessing the financing necessary to succeed. This investment by First Tennessee will provide additional capital that will be leveraged to increase access to credit for small businesses throughout Tennessee,” said Clint Gwin, President of Pathway Lending. “This funding will help ensure that more entrepreneurs have access to the resources they need to expand and create jobs in their local communities.”
About First Tennessee
First Tennessee Bank is the largest bank headquartered in Tennessee, with the number one deposit market share in Chattanooga, Knoxville, Memphis and the Tri-Cities and a top-five deposit market share in Nashville. First Tennessee was founded during the Civil War in 1864 and has the 14th oldest national bank charter in the country and one of the highest customer retention rates of any bank in the country. First Tennessee and FTN Financial are part of First Horizon National Corp. (NYSE:FHN), which has 4,300 employees. First Horizon has been recognized as one of the nation's best employers by Forbes, Working Mother and American Banker magazines. More information is available at www.FirstTennessee.com.
About Pathway Lending
Based in Nashville, Pathway Lending is a certified Community Development Financial Institution (CDFI) that provides loans and educational services to businesses throughout Tennessee. Since 1999, Pathway Lending has made more than 800 loans totaling $150 million to over 500 companies. Pathway Lending is headquartered in Nashville. For more information, visit www.pathwaylending.org.
FHN-G
Contact: James Dowd (901) 523-4305 [email protected] Kim Cherry (901) 523-4380 [email protected]
