First Horizon's Powerful Women: Driving Resilience and Growth

American Banker has recognized two exceptional leaders from First Horizon, Hope Dmuchowski and Tammy LoCascio, in their 2024 The Most Powerful Women in Banking™ list. Their strategic leadership and commitment to diversity have significantly contributed to First Horizon's resilience and growth.

Dmuchowski, the Chief Financial Officer, demonstrated remarkable adaptability and crisis management skills when First Horizon's merger with TD Bank fell through in 2023. She swiftly reassured clients and investors, increasing the client deposit base by 4% within 45 days and retaining 90% of those clients. Her ability to navigate challenges and rebuild her team, with a 50% change in direct reports, showcases her strong leadership and agility.

LoCascio, the Chief Operating Officer, has fostered a supportive work environment that celebrates collective success. She has maintained a 60% female representation in executive management roles, advocating for women's advancement and implementing initiatives such as increased minimum wage, compensation programs, and expanded leave policies. Her focus on employee well-being has contributed to First Horizon's financial performance and employee retention.

Dmuchowski and LoCascio's leadership styles have been instrumental in navigating industry challenges. Their collaboration has created a supportive environment for women at First Horizon, attracting, retaining, and advancing them into leadership positions. They have also leveraged their influence to advocate for women's advancement in the broader banking industry.

First Horizon's recognition of these powerful women highlights their significant contributions to the bank's success. As the banking industry continues to evolve, their adaptability, focus on diversity, and commitment to employee well-being will remain crucial for driving resilience and growth.