James Gifas Joins First Horizon Bank as Senior Vice President, Deputy Head of Treasury Management

(Neutral)

Rhea-AI Summary

First Horizon (NYSE: FHN) announced on May 4, 2026 that James Gifas has joined as Senior Vice President, Deputy Head of Treasury Management, based in Charlotte, NC. Gifas brings more than 30 years of banking experience, most recently serving as Head of Treasury Management, Merchant and Card Solutions at First National Bank Corporation.

The hire follows prior leadership roles at CIT Group (now First Citizens Bank), M&T Bank, Citizens Bank and Citibank. Management cites Gifas's expertise in treasury, merchant and card solutions and a growth mindset as reasons he will support innovation and client-focused technology for business clients.

News Market Reaction – FHN

-1.04%

-1.04% Session close to close

In the May 4 session, FHN declined 1.04%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights First Horizon’s focus on building out its treasury management capabilit...

Analysis

This announcement highlights First Horizon’s focus on building out its treasury management capabilities by appointing a seasoned executive with more than 30 years of experience. It follows a series of recent hires in key regional and product roles, alongside solid financial performance and capital actions. Investors may watch how this leadership addition influences growth in treasury, merchant, and card solutions relative to prior strategic staffing moves.

Key Figures

Industry experience: more than 30 years

1 metrics

Industry experience more than 30 years James Gifas’ banking industry experience

Historical Context

5 past events · Latest: Apr 28 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 28	Dividend declaration	Positive	-1.0%	Quarterly cash dividends on common and multiple preferred share classes.
Apr 16	Hiring announcement	Positive	-0.8%	New hires and promotion in Acadiana to strengthen commercial and treasury teams.
Apr 15	Q1 2026 earnings	Positive	-0.3%	Net income and EPS growth with higher ROATCE and tangible book value.
Apr 14	Hiring announcement	Positive	-0.3%	Business Banking Group Manager hire to support Acadiana market growth.
Apr 13	Hiring announcement	Positive	-0.3%	Director of Private Client Banking hire to expand New Orleans private banking.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent positive fundamental and corporate news (earnings beat, dividend increase, senior hires) has been followed by modest negative 24h price reactions, indicating a pattern of short-term divergence from upbeat headlines.

Recent Company History

Over the past month, First Horizon has reported stronger fundamentals and capital actions alongside ongoing hiring. On April 15, 2026, it posted higher Q1 net income and EPS, yet the stock fell slightly. A dividend declaration on April 28, 2026 and multiple leadership appointments in regional markets also saw small negative reactions. Today’s senior treasury management hire fits this sequence of strategic staffing updates occurring against a backdrop of generally positive financial performance but muted or negative immediate price responses.

Key Terms

treasury management

1 terms

treasury management financial

"Senior Vice President, Deputy Head of Treasury Management. Gifas, a banking veteran"

Treasury management is a company's day‑to‑day handling of cash, short‑term investments, borrowing and financial risks to make sure bills are paid, excess cash is used wisely, and exposure to things like interest rates or foreign currencies is controlled. Think of it as running the company's checking account and emergency fund so operations keep flowing. For investors, strong treasury management signals that a company can meet obligations, fund growth without costly surprises, and protect value in changing markets.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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05/04/2026 - 03:00 PM

MEMPHIS, Tenn. , May 4, 2026 /PRNewswire/ -- First Horizon Bank (NYSE: FHN or "First Horizon") announced today James Gifas has joined the organization as Senior Vice President, Deputy Head of Treasury Management.

Gifas, a banking veteran with more than 30 years of industry experience, will be based out of First Horizon's Charlotte, NC office. His most recent role was with First National Bank Corporation as its Head of Treasury Management, Merchant and Card Solutions. He previously held Treasury Management leadership positions at CIT Group (now First Citizens Bank), M&T Bank, Citizens Bank and Citibank.

"We are pleased to welcome Jim to First Horizon," said Anthony Restel, Senior Executive Vice President and Chief Banking Officer for First Horizon Bank. "His deep expertise in Treasury Management, Merchant and Card Solutions and his growth mindset will help us accelerate innovation while delivering client-first solutions and technology that help businesses thrive in the communities we serve."

About First Horizon
First Horizon Corp. (NYSE: FHN), with $84.1 billion in assets as of March 31, 2026, 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 concentrated in 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/james-gifas-joins-first-horizon-bank-as-senior-vice-president-deputy-head-of-treasury-management-302761629.html

SOURCE First Horizon Bank

FAQ

Who is James Gifas and what role did he take at First Horizon (FHN) on May 4, 2026?

James Gifas joined First Horizon as Senior Vice President, Deputy Head of Treasury Management. According to First Horizon, he will be based in Charlotte and oversee treasury management, merchant and card solutions with more than 30 years of industry experience.

What experience does James Gifas bring to First Horizon (FHN)?

Gifas brings over 30 years of banking and treasury experience. According to First Horizon, his background includes roles at First National Bank Corporation, CIT Group (now First Citizens Bank), M&T Bank, Citizens Bank, and Citibank, focusing on treasury and merchant services.

Where will James Gifas be located for his role at First Horizon (FHN)?

Gifas will be based in First Horizon's Charlotte, NC office. According to First Horizon, the Charlotte location will serve as his primary office while he leads treasury management and client-facing technology initiatives.

How did First Horizon describe the expected impact of Gifas's hire on its treasury services?

First Horizon said Gifas's expertise will help accelerate innovation and deliver client-first treasury and payment solutions. According to First Horizon, his experience in merchant and card solutions supports the bank's focus on technology for business clients.

Does James Gifas's appointment at First Horizon (FHN) indicate any change in executive leadership or strategy?

The announcement presents Gifas's hire as an addition to treasury leadership rather than an executive succession. According to First Horizon, the appointment aims to strengthen treasury management capabilities and innovation without noting a broader leadership restructuring.