WINSTON-SALEM, N.C. -- The mid-Atlantic division of First Tennessee Bank announced Monday it will soon open its first office in the Charleston, S.C., area.
The move continues the growth of its mid-Atlantic region, led by President John Fox and including the North Carolina, South Carolina and Virginia markets.
First Tennessee, which is a subsidiary of First Horizon National Corp., first entered the region nearly 10 years ago. There are more than 170 First Tennessee branches in and around Tennessee, where it has the leading market share in the industry.
The new office will serve the Charleston area with private banking, wealth management through financial advisers, commercial services and commercial real estate finance.
“We’re excited about this new opportunity to serve customers in Charleston,” Fox said. “We believe our differentiated service will enable us to continue our growth and success in this region. Charleston shares characteristics with our other markets in the mid-Atlantic, so we’re building on our success.”
Rotcher Watkins, senior vice president and market executive based in Charlotte, will lead the Charleston office and has assembled a team of experienced bankers with deep roots in the area.
The office, which should open within 90 days after necessary applications are completed, will be located in Mount Pleasant, a Charleston suburb.
Company officials said they plan to add more positions within the next few months to manage the increased business.
-- Marie Kemph, firstname.lastname@example.org