Memphis, Tennessee, January 24, 2026
First Horizon Bank announces the appointment of Mike Holly as Senior Vice President and Head of Deposit Product Management. With over 12 years of experience in the financial sector, Holly aims to enhance deposit strategies for consumers and small businesses. His military background in the U.S. Air Force complements his financial expertise, positioning him to drive innovation and growth in Memphis’s burgeoning economy. This transition highlights First Horizon’s commitment to bolster economic development within the community through strategic leadership.
First Horizon Bank Welcomes Mike Holly as New Senior Vice President
Expertise from Military and Financial Sector Enhances Leadership Team
Memphis, Tennessee – First Horizon Bank is embarking on a promising new chapter with the appointment of Mike Holly as Senior Vice President and Head of Deposit Product Management, effective January 23, 2026. This strategic decision underscores the bank’s commitment to enhancing both consumer and small business deposit strategies, an essential focus in today’s competitive financial landscape.
Mike Holly arrives at First Horizon with an impressive background, boasting over 12 years of experience in the financial sector, particularly with USAA. His track record includes holding significant roles such as Executive Director, where he managed deposits, fee income, overdraft, and funds availability. Beyond his professional accomplishments, Holly’s military service in the U.S. Air Force, where he spent more than eight years on active duty, enriches his leadership profile. His commitment to serving the country exemplifies the determination and resilience that are often seen within the entrepreneurial spirit of Memphis.
Holly’s Vision for Deposit Management
In his new role, Holly will lead a team dedicated to devising innovative deposit solutions tailored for the evolving needs of consumers and small businesses. His appointment has received positive feedback, reflecting that his leadership is expected to elevate the client experience with competitive and practical deposit products. This innovative approach aligns with Memphis’ growing reputation as a hub for entrepreneurial ventures, further driving the city’s economic development.
First Horizon’s Strong Financial Position
As of December 31, 2025, First Horizon Corp. reported robust assets totaling $83.9 billion, indicating a solid foundation upon which to build its future strategies. The bank operates across 12 states, providing a wide array of services that cater to commercial, private banking, consumer, and small business needs. Such comprehensive offerings reinforce First Horizon’s role in fostering economic growth throughout the region.
Impact on the Memphis Market
First Horizon’s strategic initiatives under Holly’s guidance are likely to have a ripple effect on the local economy, benefiting Memphis small businesses with improved financial products tailored to their unique challenges. Enhanced deposit strategies can enable entrepreneurs to access better resources, fueling innovation and growth within the Shelby County economy.
Looking Forward: The Role of Leadership in Economic Growth
Leadership transitions like Holly’s serve as a reminder of the importance of strong, visionary figures within financial institutions. By embracing leadership paired with innovative strategies, First Horizon could play a pivotal role in bolstering Memphis’ entrepreneurial landscape for years to come. The commitment to consumer-centric and small business-focused solutions is precisely what is needed to thrive in an increasingly competitive market.
Conclusion
As First Horizon Bank prepares for Mike Holly’s leadership, the focus on enhancing deposit products stands to not only benefit the bank, but also support the wider Memphis community. The collective hope is that, through strategic innovation and commitment to service, First Horizon will continue to contribute positively to the economic growth of Memphis, encouraging community involvement and driving job creation. Local businesses and residents alike are encouraged to stay engaged as these developments unfold, as they promise a bright economic future for Memphis, TN.
Frequently Asked Questions
Who is Mike Holly?
Mike Holly is the new Senior Vice President and Head of Deposit Product Management at First Horizon Bank, bringing over 12 years of experience from USAA and a background in the U.S. Air Force.
What is First Horizon Bank’s recent financial performance?
As of December 31, 2025, First Horizon Corp. reported assets totaling $83.9 billion and operates in 12 states across the southern U.S., offering a range of financial services.
| Key Feature | Details |
|---|---|
| New Appointment | Mike Holly as Senior Vice President, Head of Deposit Product Management |
| Effective Date | January 23, 2026 |
| Previous Experience | Over 12 years at USAA, including Executive Director roles |
| Military Service | Over eight years of active duty in the U.S. Air Force, recently retired from the U.S. Air Force Reserve |
| First Horizon Bank Assets | $83.9 billion as of December 31, 2025 |
| Operational States | 12 states across the southern U.S. |
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