Business Details
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Welcome to First Horizon Bank - located in Newport. Since 1864, we’ve been a bank you can count on. Our financial foundation is so steady you can build a house on it. Mortgage loan included. Our commitment to you has won some pretty big awards. Like Forbes World’s Best Banks. Stop by today and tap into local decision-makers who actually get where you’re coming from. And a go-to banker who is always just a call away.
Details
- Requires appointmentNot available
- Drive-throughAvailable
- Onsite servicesAvailable
- Free parking lotAvailable
Location
First Horizon Bank - Newport, AR - Olivia Dr
200 Olivia Drive, Newport, AR
72112, United States
Hours
Reviews
3.4
5 reviews
5 stars
3
4 stars0
3 stars0
2 stars0
1 star
2
- SLSkull LoverApr 8, 20211.0This bank did me so wrong!! I loathed banks for awhile after the encounter I had with this one... I would never recommend this bank to anyone!! The employees were very rude.. They closed my account without notifying me. THEN somehow they charged my account weeks after that. THEN about 2 month later they sent in a letter saying that they closed it and needed me to pay the fees that were charged to the “closed account”. So I went and loaned some money from my mother to pay my fees off. About a good 6 months maybe later I went to First Community to setup an account and the lady told me that Iberia is stating that I owe them money. I told her I had payed off the fees and I really don’t know why they’re still saying I owe them. She went on to say she can still help me setup an account with First Community. I’ve been with them every since with no regrets.. My go to bank at the moment is First Community Bank. Their customer service is great. Some employees are respectful.. There’s no misinformation, false statements or hidden fees.
- SPSonya PomtreeJul 9, 20195.0This bank in Newport is wonderful! I have had an account with this banking company for 32 years. Everyone is friendly. The tellers are very personable and do all they can to help you, whether it is advice on banking, on loans, etc. One teller in particular, Lisa Riley, has been exceptional for over 25 years in assisting me with anything I needed! Thank you, IBERIABANK Newport. The only improvement is moving the branch back to Tuckerman! ☺️
- DDDebra Murphy (Deb)Sep 5, 20185.0Excellent bank with friendly and knowledgeable tellers. Always go out of their way to be helpful. Personal service and willing to go above and beyond. The only way to improve would be to have later hours and open a branch in Batesville :)
- JMJennifer MasiongaleJun 15, 20181.0This is absolutely the worst bank that I have ever dealt with. Hidden fees, underhanded dealings, everything to make sure they get an extra share of your money. Have a check coming in? Don't plan on using your money for at least two days after it's supposed to be there. Only reason they get one star is so I can warn everyone to stay away .
Frequently Asked Questions About First Horizon Bank - Newport, AR - Olivia Dr
What do I need to open a personal checking account?
$50 minimum opening deposit
Social Security number
Date of birth
Personal identification such as a driver’s license, passport, state or government-issued ID
Can I open a personal checking account online?
Yes. Alternatively, you can visit one of our banking centers to apply in person.
Is there a limit on the number of transactions I can make with a personal checking account?
No, there is no limit on the number of transactions.
What are the first steps in the home buying process?
The first steps include assessing your financial situation, getting pre-qualified for a mortgage, and determining your budget. It's also important to start researching neighborhoods and listing your home preferences. First Horizon's mortgage specialists can guide you through these initial steps.
How long does it take to buy a home?
The home buying process typically takes between 30 to 60 days from making an offer to closing. This timeline can vary based on factors such as market conditions, the efficiency of your lender, and the specifics of the transaction.
What is mortgage prequalification and why is it important?
Mortgage prequalification involves a lender reviewing your financial information to determine your loan eligibility and providing a prequalified letter. This letter strengthens your offer on a home by showing sellers you are a serious and qualified buyer.
What types of mortgage loans are available through First Horizon?
First Horizon offers a variety of mortgage loans, including fixed-rate mortgages, adjustable-rate mortgages (ARMs), FHA loans, VA loans, and jumbo loans. Each type has different benefits to suit diverse financial needs.
Can First Horizon help with financing for first-time homebuyers?
Yes, First Horizon offers several programs designed to assist first-time homebuyers, including FHA loans and other options with lower down payment requirements. Our mortgage specialists can help you explore these programs and find the best fit for your needs.
How do I know if mortgage loan refinancing is right for me?
Refinancing may be beneficial if current interest rates are lower than your existing rate, if you want to switch from an adjustable-rate mortgage to a fixed-rate mortgage, or if you need to tap into your home’s equity. Our mortgage specialists can help you evaluate your situation.
What types of small business loans do you offer?
There are many different types of small business loans available, including small business term loans, lines of credit and real estate loans. Talk to a banker today to review your options.
What are the qualifications for a small business loan?
The loan requirements for a small business loan will vary, depending on the loan type and other factors. Here are some things to consider when applying:
Business Plan: Craft a thorough business plan outlining your goals, market analysis, financial projections, and how the loan will be utilized. A well-prepared plan demonstrates your business's viability.
Loan Purpose: Clearly articulate the purpose of the loan and how it will benefit your business. Whether it's for expansion, equipment purchase, working capital or other needs, provide specific details to support your application.
Collateral: Some loans require collateral. If your loan requires collateral, be prepared to offer assets such as real estate, equipment or inventory.
Credit History: Your personal and business credit scores play a significant role. Aim for good scores to enhance your eligibility.
Cash Flow: Lenders assess your business's cash flow to determine your ability to repay the loan. Positive cash flow and consistent revenue are essential indicators of financial stability.
Industry Experience: Your industry expertise and a track record of success can help strengthen your application.
Debt-to-Income Ratio: Lenders evaluate your debt-to-income ratio to gauge your ability to manage additional debt payments. Maintaining a healthy ratio improves your chances of loan approval.
Legal Compliance: Ensure your business complies with all legal and regulatory requirements, including licenses, permits and registrations.
Relationship with Lender: Building a positive relationship with your lender can be advantageous. Regular communication and responsible financial management can help expedite the process.
How long does it take to get a small business loan?
As soon as you recognize the need for funds and can gather the necessary documentation, contact your banker to get the process started. The length of the loan application process is dependent on the complexity of the loan.
What are the regular business hours for First Horizon Bank - Newport, AR - Olivia Dr?
The bank is open Monday to Thursday from 8:30 AM to 4:00 PM, Friday from 8:30 AM to 5:00 PM, and Saturday from 9:00 AM to 12:00 PM. It is closed on Sundays.
What are the drive-through hours at First Horizon Bank - Newport, AR - Olivia Dr?
The drive-through is open Monday to Thursday from 8:30 AM to 4:30 PM, Friday from 8:30 AM to 5:00 PM, and Saturday from 9:00 AM to 12:00 PM. It is closed on Sundays.
How can I open a personal checking account at First Horizon Bank?
To open a personal checking account, you need a $50 minimum opening deposit, Social Security number, date of birth, and a personal ID such as a driver’s license or passport. You can open the account online or visit a banking center in person.
What types of mortgage loans does First Horizon Bank offer?
First Horizon provides fixed-rate mortgages, adjustable-rate mortgages (ARMs), FHA loans, VA loans, and jumbo loans, catering to various financial needs.
Does First Horizon Bank offer assistance for first-time homebuyers?
Yes, the bank offers programs such as FHA loans with lower down payment requirements and mortgage specialists to help first-time homebuyers find suitable options.
What business banking services are available at First Horizon Bank - Newport?
They offer business checking, business savings, cash management, business lending including small business loans and commercial business lending, and financial planning services.
Are there any mobile banking options through First Horizon Bank?
Yes, First Horizon offers mobile banking apps available on the Apple App Store and Google Play, providing convenient digital banking services.
What nearby dining options can I visit before or after banking at First Horizon Bank on Olivia Dr?
Nearby dining includes China Star (Chinese buffet), McDonald's, joes’s Italian Pizza & Pasta by Duran’s, Pizza Hut, IMAD Chicken Shack, KFC, and Taco Bell for a variety of fast food, pizza, and ethnic cuisine options.
What other banks are near First Horizon Bank on Olivia Dr that I can consider?
Nearby banks include IBERIABANK, First Community Bank, and Regions Bank, offering alternative financial service options in the area.
Are there convenient services and stores near First Horizon Bank - Newport that I might need?
Yes, nearby services include Walgreens pharmacy, Dollar Tree discount store, Goodwill thrift stores, and Factory Connection clothing store, providing shopping and essential services close to the bank.