CEDAR KNOLLS, N.J., March 1, 2005 (PRIMEZONE) -- Greenwich Home Mortgage announced today that it has been acquired by First Horizon Home Loans, a member of the First Horizon National Corp. (NYSE:FHN) group of financial services companies. A respected, national top-20 lender, First Horizon originates loans in 42 states and services more than 600,000 loans.
In addition to a wide array of home loan products, First Horizon provides consumers with checking and savings accounts, CDs, IRAs, credit cards, investment products, financial planning and insurance advice.
"The expertise and management skills of the Greenwich Home Mortgage team will be a tremendous asset in the New Jersey market," said Jerry Baker, president and CEO of First Horizon Home Loans. "We are very excited about Greenwich Home Mortgage. Their employees share First Horizon's commitment to building valuable relationships with their customers and have a proven track record of outstanding customer service."
Greenwich Home Mortgage has grown during the last 11 years to one of New Jersey's top lenders. The company operates from branch locations in Cedar Knolls, Clifton, Hoboken and Eatontown. Since 1994, Greenwich has funded more than $4 billion in residential home loans.
"Our commitment to deliver competitive loan products through our dedicated employees is the secret to our success," said Jim Brown, vice president of Greenwich Home Mortgage. "Being part of the First Horizon family allows us to offer a wide array of loan products so customers can get loans that suit them. Plus, with First Horizon's 'all things financial' philosophy, we'll also be able to provide bank products and services such as home equity loans, wealth management, CDs and more. Our management team and employees are excited about the future with First Horizon Home Loans."
About First Horizon Home Loan Corporation
Headquartered in Irving, Texas, First Horizon Home Loans is a nationally recognized leader in the mortgage banking industry. The company ranks among the nation's largest full-service mortgage banking companies in both retail origination and mortgage servicing.
With its commitment to superior customer service and competitive products, the company is currently ranked 12th in servicing with $86.59 billion volume and 19th in originations with $36.23 billion volume as of Dec. 31, 2004.
The First Horizon family of companies includes First Horizon Home Loans, First Horizon Wholesale, First Tennessee Home Loans and First Horizon Equity Lending.
First Horizon Home Loan Corporation is part of the First Horizon National Corp. (NYSE:FHN) family of companies. First Horizon National Corp. is a nationwide, diversified financial services institution with headquarters in Memphis, Tenn., since 1864.