MCLEAN, Va., Nov. 1, 2004 (PRIMEZONE) -- First Horizon Bank, a full-service financial services company, announced today that Loriana Cipolletti has joined First Horizon as senior vice president of government contractor banking.
Cipolletti brings to First Horizon more than 20 years of commercial banking experience and an established track record and expertise in marketing and sales, underwriting of middle market credits, lending to the government contracting industry, credit administration, international trade finance and implementation. She most recently served as group vice president for government contracting at Riggs Bank.
"The addition of Loriana comes at a time of major economic growth in the Washington region, particularly in the area of government contracting," stated Terrie G. Spiro, regional president, First Horizon Bank. "Loriana's longtime experience and leadership in this area will be a true asset to our government contractor banking team."
In a recent First Horizon-sponsored study conducted by Dr. Stephen Fuller, Director of the Center for Regional Analysis at George Mason University's School of Public Policy, data showed that federal procurement spending in the Washington Metropolitan area reached $42.2 billion in FY 2003. This surge in government procurement, an increase of $6.1 billion over FY 2002, provides economic growth and opportunity for Washington-area businesses.
First Horizon offers a unique approach to banking by offering All Things Financial to consumers, small businesses and corporate clients, including:
-- Commercial lending -- Treasury management -- Commercial real estate and home loans -- Private banking -- Insurance and investments -- Financial planning -- Trust services -- Merchant card services -- Retail banking with extended hours of operation -- Check imaging service for businesses
About First Horizon
The 12,000 employees of First Horizon National Corp. (NYSE:FHN) provide financial services to individual and business customers through hundreds of offices located in more than 40 states. The corporation's three major brands -- FTN Financial, First Horizon and First Tennessee - provide customers with a broad range of products and services including:
-- Capital markets, with one of the nation's top underwriters of
U.S. government agency securities
-- Mortgage banking, with one of the nation's top 15 mortgage
originators and servicers, which earned a top-10 ranking in
customer satisfaction from J.D. Power and Associates
-- Retail/commercial banking, with seven financial center locations
in the Washington, D.C., metropolitan area, the largest market
share in Tennessee and one of the highest customer retention
rates of any bank in the country
FHN companies have been recognized as some of the nation's best employers by AARP, Working Mother, Business Week and Fortune magazines. FHN also was named one of the nation's 100 best corporate citizens by Business Ethics magazine. More information can be found at www.FirstHorizon.com.