TheStreet.com thinks Bryan Jordan, president and CEO of First Tennessee Bank’s parent company, is one of the 10 best-loved CEOs in the biz.
From the Website:
“Bryan Jordan was dealt a pretty bad hand when he took over as CEO in 2008, but within a very short time he has taken the bank through a turnaround.
“I think First Horizon has been a bank that went from a national focus to a regional focus. He put together an effective restructuring program to exit non-core business,” said FBR ‘s Miller.”This is the most transparent bank. I think they have accomplished their turnaround and they have restructured a deal to repay their TARP. They went from defensive to offensive.”
First Horizon reported net income of $16 million in the third quarter of 2010, compared to $3 million in the second quarter. This compares to a third quarter loss of $52.9 million in 2009. In addition, the bank’s deposits have risen 19 percent since the third quarter of 2009.”