Business Details
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Welcome to First Horizon Bank - located in Memphis. 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 - Memphis, TN - Lamar Ave
2284 Lamar Avenue, Memphis, TN
38114, United States
Hours
Reviews
2.4
19 reviews
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1 star
11
- CCChristopherAug 29, 20251.0Horrible
- SPSavage PlezMar 24, 20251.0The tellers this location stinks, just like the lobby. The very young teller with the blue nails they need a refill and the wig that was unlaid, could use some attitude adjustment training. I do understand that it is underserved area, but it should be protocol and not neglect the very people that support your business. The face of customer service should be fresh at all times, and not whatever he was giving today. Also, there was no branch manager available. I was told that one will be back in 15 minutes then I made a call to the location and was hung up on, upon asking the woman who answered name. Lack of professionalism and lack of talent. Not a very good mix. You all should hold a job fair, and after hold a decent amount of adequate training. Best of luck, Lamar. It’s unfortunate for the people who aren’t able to travel to other locations.
- MLMack LOct 16, 20231.0Definitely the worst First Horizon branch I’ve been too. I’ve had a business account for almost 2 years and this branch wouldn’t accept a Passport as identification. They said only a drivers license is valid and the manager wouldn’t even close my account without me providing a drivers license instead of passport. I called customer service and they flat out said the branch was wrong… went to another branch and no issue.
Frequently Asked Questions About First Horizon Bank - Memphis, TN - Lamar Ave
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 drive-through hours at First Horizon Bank on Lamar Avenue?
The drive-through is open Monday through Thursday from 9 AM to 4 PM, and on Friday from 9 AM to 6 PM. The drive-through is closed on weekends.
What do I need to open a personal checking account at First Horizon Bank?
You need a $50 minimum opening deposit, your 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 any of the banking centers to apply in person.
What types of mortgage loans does First Horizon Bank offer?
They offer fixed-rate mortgages, adjustable-rate mortgages, FHA loans, VA loans, and jumbo loans to suit various financial needs.
How long does the home buying process usually take with First Horizon Bank?
Typically, the home buying process takes between 30 to 60 days from making an offer to closing, depending on market conditions and lender efficiency.
Does First Horizon Bank provide small business loans and what are the qualifications?
Yes, they offer various small business loans like term loans, lines of credit, and real estate loans. Qualifications depend on loan type but include business plans, credit history, collateral, and cash flow.
What services are available through First Horizon Bank’s mobile app?
Services include mobile banking, online banking, mobile deposit, bill pay, and access to account information.
Is there parking available at the First Horizon Bank on Lamar Avenue?
Yes, there is free onsite parking including street parking, parking lots, and garages available for customers.
What nearby places can I visit around First Horizon Bank on Lamar Avenue?
Nearby you can visit Magic Wireless for mobile services, Splendid Nails for beauty treatments, and the UPS Access Point location for convenient shipping and deliveries.
How can nearby financial services like First Tennessee benefit me when visiting First Horizon Bank?
First Tennessee nearby offers additional financial services that may complement your banking needs, making it convenient to consult multiple providers in one area.