Violation Tracker Individual Record

Company: 
First Tennessee Bank
Current Parent Company: 
First Horizon National
Penalty: 
$1,900,000
Year: 
2016
Date: 
February 1, 2016
Primary Offense: 
discriminatory practices
Violation Description: 

The U.S. Department of Housing and Urban Development announced a $1.9 million settlement with Memphis-based First Tennessee Bank, resolving allegations that the bank discriminated against African-American and Hispanic applicants by denying them mortgage loans and by allegedly failing to place bank branches in minority-concentrated areas.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Housing and Urban Development Department
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Tennessee
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.