Business Details
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Welcome to First Horizon Bank - located in New Orleans. 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
- Onsite servicesAvailable
- Free parking lotAvailable
- Free street parkingAvailable
Location
First Horizon Bank - New Orleans, LA - Poydras St.
601 Poydras Street, New Orleans, LA
70130, United States
Hours
Reviews
2.2
9 reviews
5 stars
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3 stars
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5
- TATony and AlyssaApr 29, 20222.0I have banked with First Horizon (previously Iberia) for several years. I’m unimpressed with the service at this branch. The tellers are consistently standoffish and rude when engaging with customers and sometimes downright condescending. The bankers are also uncomfortable to work with. I don’t recommend doing business here and will be moving my funds elsewhere.
- LLLaci LopezAug 1, 20191.0Walked in a quiet, unbusy branch and ask if there were a sign in sheet to see a banker. I was told there was not and to have a seat and the gentleman at the desk in the center of the lobby would be with me shortly. A male customer from the teller line walked up to the the male banker at the desk and proceeded to conduct business. The male Banker, who saw me waiting, proceeded to ignore me and assist the gentleman who cut. I don't know why I ever thought to put my inheritance in that bank in the first place. Glad they showed their true colors before conducting business. I walked down the street and bank with Chase now.
- SAScott C. AllenApr 28, 20175.0Best place to go for business loans!!
Frequently Asked Questions About First Horizon Bank - New Orleans, LA - Poydras St.
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 First Horizon Bank branch hours at 601 Poydras Street, New Orleans?
The branch is open Monday through Friday from 9:00 AM to 4:00 PM and closed on weekends.
What do I need to open a personal checking account at First Horizon Bank?
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.
Can I open a personal checking account online with First Horizon Bank?
Yes, you can open a personal checking account online or visit one of their banking centers to apply in person.
What types of mortgage loans does First Horizon Bank offer?
They offer fixed-rate mortgages, adjustable-rate mortgages (ARMs), FHA loans, VA loans, and jumbo loans tailored to diverse financial needs.
Does First Horizon Bank offer assistance for first-time homebuyers?
Yes, they offer programs including FHA loans and options with lower down payments to assist first-time homebuyers.
What types of small business loans are available at First Horizon Bank?
First Horizon offers small business term loans, lines of credit, and real estate loans. Customers can consult a banker to explore loan options.
Is parking available at the First Horizon Bank location on Poydras Street?
Yes, free onsite parking, including garage, lot, and street parking, is available at this location.
What nearby places can I visit around First Horizon Bank in New Orleans?
Nearby places include McIlhenny grocery store for shopping, Café 601 for a coffee break, and Smoothie King for refreshments.
How can the nearby Pan American Life Center help me when visiting First Horizon Bank?
The Pan American Life Center nearby offers parking facilities and insurance services, which can be convenient for parking or related financial needs during your visit.
Are there legal or financial advisory services near First Horizon Bank in New Orleans?
Yes, you can find legal services such as Lemle & Kelleher and financial advisors like Villere St Denis J & Co. nearby.