First Horizon Bank signs on as official sponsor for Memphis Redbirds
Participating in this sponsorship deal:
About Sponsor:
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank. In November 2019, First Horizon Corporation and IberiaBank Corporation agreed to merge, closing in July 2020. The combined bank is based in Memphis, Tennessee, and uses the First Horizon name. The bank gained national attention during the 2023 banking crisis, in which multiple regional banks across the United States as well as the Swiss institution Credit Suisse all collapsed and were bought out. First Horizon's stock price began to plummet in the wake of both a merger with Toronto-Dominion Bank being called off and the collapse of First Republic Bank in San Francisco.
About Property:
The Memphis Redbirds are the Triple-A minor league baseball affiliate of the St. Louis Cardinals. They play their home games at AutoZone Park in downtown Memphis, Tennessee. The stadium's capacity is 14,320. They entered the Pacific Coast League as an expansion team in 1998, and were owned as a non-profit community entity. In September 2008, the Cardinals extended their player development agreement with the Redbirds through 2012. The Redbirds are currently run by Global Spectrum, a Comcast-owned company.