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American Banker names Two First Horizon Leaders to the 2024 The Most Powerful Women in Banking™ List

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First Horizon Corp. (NYSE: FHN) announces that two of its leaders, Chief Financial Officer Hope Dmuchowski and Chief Operating Officer Tammy LoCascio, have been named to American Banker's 2024 Most Powerful Women in Banking list. Dmuchowski led efforts to reengage investors after a terminated merger, resulting in a 45% stock price rebound and 4% deposit increase. LoCascio implemented a $100 million technology strategy and improved employee compensation. Both leaders are recognized for their contributions to the company, commitment to empowering women, and advancing diversity in financial services.

First Horizon Corp. (NYSE: FHN) annuncia che due dei suoi leader, Chief Financial Officer Hope Dmuchowski e Chief Operating Officer Tammy LoCascio, sono state incluse nella lista delle Donne più Potenti nel Settore Bancario del 2024 di American Banker. Dmuchowski ha guidato gli sforzi per riattivare gli investitori dopo una fusione annullata, portando a un recupero del prezzo delle azioni del 45% e a un aumento dei depositi del 4%. LoCascio ha implementato una strategia tecnologica da 100 milioni di dollari e migliorato la retribuzione dei dipendenti. Entrambi i leader sono riconosciuti per i loro contributi all'azienda, l'impegno a favore dell'emancipazione femminile e il progresso della diversità nei servizi finanziari.

First Horizon Corp. (NYSE: FHN) anuncia que dos de sus líderes, Chief Financial Officer Hope Dmuchowski y Chief Operating Officer Tammy LoCascio, han sido nombradas en la lista de las Mujeres Más Poderosas en Banca 2024 de American Banker. Dmuchowski lideró los esfuerzos para reactivar a los inversores tras una fusión cancelada, resultando en un reembolso del precio de las acciones del 45% y un aumento del 4% en los depósitos. LoCascio implementó una estrategia tecnológica de 100 millones de dólares y mejoró la compensación de los empleados. Ambas líderes son reconocidas por sus contribuciones a la empresa, su compromiso con el empoderamiento femenino y la promoción de la diversidad en los servicios financieros.

퍼스트 호라이즌 코퍼레이션(NYSE: FHN)은 최고 재무 책임자 호프 드무초우스키최고 운영 책임자 타미 로카스시오가 아메리칸 뱅커의 2024년 은행업계에서 가장 영향력 있는 여성 목록에 올랐다고 발표했습니다. 드무초우스키는 종료된 합병 이후 투자자와의 재접촉을 주도하여 주가 45% 반등 및 예금 4% 증가를 이끌어냈습니다. 로카스시오는 1억 달러 규모의 기술 전략을 시행하고 직원 보상을 개선했습니다. 두 리더는 회사에 대한 기여, 여성의 권한 부여에 대한 헌신 및 금융 서비스 분야의 다양성 증진에 대한 공로로 인정받고 있습니다.

First Horizon Corp. (NYSE: FHN) annonce que deux de ses leaders, Directrice financière Hope Dmuchowski et Directrice des opérations Tammy LoCascio, ont été désignées dans la liste des Femmes les plus puissantes en banque 2024 par American Banker. Dmuchowski a dirigé les efforts pour réengager les investisseurs après une fusion annulée, entraînant un rebond de 45 % du prix de l'action et une augmentation de 4 % des dépôts. LoCascio a mis en œuvre une stratégie technologique de 100 millions de dollars et amélioré la rémunération des employés. Les deux leaders sont reconnues pour leurs contributions à l'entreprise, leur engagement à autonomiser les femmes et promouvoir la diversité dans les services financiers.

First Horizon Corp. (NYSE: FHN) gibt bekannt, dass zwei seiner Führungskräfte, Chief Financial Officer Hope Dmuchowski und Chief Operating Officer Tammy LoCascio, in die Liste der 2024 Most Powerful Women in Banking von American Banker aufgenommen wurden. Dmuchowski führte die Bemühungen zur Wiederherstellung der Beziehungen zu Anlegern nach einer gescheiterten Fusion, was zu einem 45%igen Kursanstieg und einem 4%igen Anstieg der Einlagen führte. LoCascio implementierte eine Technologiestrategie über 100 Millionen Dollar und verbesserte die Vergütung der Mitarbeiter. Beide Führungskräfte werden für ihre Beiträge zum Unternehmen, ihr Engagement für die Stärkung von Frauen und die Förderung von Vielfalt im Finanzdienstleistungssektor anerkannt.

Positive
  • 45% stock price rebound and 4% deposit increase after reengaging investors
  • $100 million investment in technology strategy to enhance business operations
  • Increased minimum wage and implemented company-wide incentive program
  • Recognition of two top executives in American Banker's Most Powerful Women in Banking list
Negative
  • Termination of a $13 billion merger agreement

MEMPHIS, Tenn., Oct. 1, 2024 /PRNewswire/ -- First Horizon Corp. (NYSE: FHN or "First Horizon") is pleased to announce two of its leaders have been named American Banker's Most Powerful Women in Banking. This year Chief Financial Officer Hope Dmuchowski and Chief Operating Officer Tammy LoCascio are among the honorees. The annual list recognizes extraordinary accomplishments of female executives in banking and finance.

Among many notable accomplishments in 2023, Dmuchowski rose to the challenge following the termination of a $13B merger agreement during a tumultuous operating environment. She led efforts to reengage with investors to reiterate the company's position of strength, stability and ability to achieve business momentum. Within 30 days, the team hosted numerous client and investor meetings and held an Investor Day contributing to a stock price rebound of more than 45% and an increase in deposits of 4% in 45 days of which 90% were retained through the year. Dmuchowski is passionate about creating environments and opportunities for women to advance and inspires young leaders through her mentorship and volunteer efforts. She will lead a panel discussion at this year's Most Powerful Women in Banking Conference.

Charged with the responsibility of advancing the company's technological capabilities and operational effectiveness, LoCascio and her team created a transformational technology strategy in 2023, deploying an additional $100 million to accelerate technological capabilities. The investments in emerging technology have created tangible, economical value for the company and have measurably enhanced how the bank conducts business. Under her leadership, the company also increased its minimum wage multiple times and implemented a program in which every associate participates in an incentive or bonus program tying their contribution to the company's performance. She is passionate about supporting women in the workplace through leadership and development programs as well as ensuring all women have access to affordable health insurance options. 

"Hope and Tammy are exceptional leaders and are committed to excellence, innovation and empowering others to reach their full potential," said Bryan Jordan, Chairman, President and CEO of First Horizon. "We greatly appreciate their contributions to our company and our community and are proud of their recognition among such a prestigious group of industry leaders."

American Banker's The Most Powerful Women in Banking™ initiative recognizes individuals and teams for demonstrating exceptional leadership skills, strong business performance and a commitment to driving real outcomes for diversity, equity and inclusion in financial services.

"This year's rankings feature longtime honorees ascending to new heights, showcasing the advancement that this program has celebrated for over two decades," says Chana Schoenberger, Editor-in-Chief of American Banker. "We're also welcoming newcomers, which proves that with perseverance comes progress. It hasn't been an easy year for banks and financial institutions, but progress continues — not by chance, but through the determined efforts of these women."

About First Horizon
First Horizon Corp. (NYSE: FHN), with $82.2 billion in assets as of June 30, 2024, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.

About American Banker
American Banker empowers banking professionals with unique analysis and insight into the ideas transforming their business and industry. Across its journalism, events, research and benchmarking, it helps drive the way forward through the complexity of business innovation, retail and commercial disruption, technology, regulation, and reform. With a banking community 850K strong, American Banker's transformative content connects leaders online, in person and in print every day.

 

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SOURCE First Horizon Corporation

FAQ

Who from First Horizon (FHN) was named to American Banker's 2024 Most Powerful Women in Banking list?

Chief Financial Officer Hope Dmuchowski and Chief Operating Officer Tammy LoCascio from First Horizon (FHN) were named to American Banker's 2024 Most Powerful Women in Banking list.

What significant financial achievement did First Horizon (FHN) report after reengaging investors in 2023?

First Horizon (FHN) reported a stock price rebound of more than 45% and an increase in deposits of 4% within 45 days after reengaging investors in 2023.

How much did First Horizon (FHN) invest in its technology strategy in 2023?

First Horizon (FHN) deployed an additional $100 million to accelerate technological capabilities as part of its transformational technology strategy in 2023.

What employee benefit changes did First Horizon (FHN) implement under Tammy LoCascio's leadership?

Under Tammy LoCascio's leadership, First Horizon (FHN) increased its minimum wage multiple times and implemented a company-wide incentive or bonus program tied to the company's performance.

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