Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: First Tennessee Bank
Current Parent Company: First Horizon National
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $1,900,000
Year: 2016
Date: February 1, 2016
Offense Group: consumer-protection-related offenses
Primary Offense: discriminatory practices (non-employment)
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 Current Parent: USA
HQ State of Current Parent: Tennessee
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.