First Horizon will promote Thomas Hung from executive vice president and head of franchise finance to senior executive vice president and chief credit officer, effective Oct. 1. Hung will succeed Susan Springfield, who has served in the role since 2013 and will retire.
First Horizon promoted Tracy Bell to chief investment officer of First Horizon Advisors, the wealth management subsidiary of First Horizon. In this role, Bell will lead the First Horizon Advisors investment team in addition to the bank’s Women & Wealth client initiative.
TD Bank and First Horizon entered into a mutual agreement to terminate their previously announced merger agreement, originally announced on Feb. 28, 2022.
First Horizon received shareholder approval for The Toronto-Dominion Bank (TD Bank) to acquire First Horizon. The transaction is expected to close in Q1/23 subject to U.S. and Canadian regulatory approvals and the completion of other necessary closing conditions.
TD Bank Group signed a definitive agreement to acquire First Horizon in an all-cash transaction valued at $13.4 billion, or $25 for each common share of First Horizon.
First Horizon appointed Hope Dmuchowski senior executive vice president and CFO. Dmuchowski joined First Horizon from Truist Financial, where she most recently served as executive vice president and head of financial planning and analysis and management reporting.