First American National Bank

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First American National Bank
Industry Finance and Insurance
Fate Merged
Successor AmSouth Bancorporation
Regions Financial Corporation
Founded September 1883 [1]
Defunct October 1, 1999 [2]
Headquarters Nashville, Tennessee, USA
Products Financial Services
Old ad for American National Bank, predating its name change to First American.

First American National Bank was a subsidiary of First American National Corporation, a financial institution based in Nashville, Tennessee that served the states of Tennessee, Kentucky, Georgia and Virginia. It was headquartered in the First American Center in downtown Nashville.

The bank began, in Nashville, as the American National Bank and later (1930), merged with James E. Caldwell's Fourth and First National Bank, to become First American National Bank. In 1971, construction of the First American Center (now the UBS Tower) in downtown Nashville resulted in the discovery of the skeleton of a sabertooth cat (Smilodon floridanus) within a cave beneath the bedrock.[3] First American National Bank facilitated archaeological excavations at the site, funded radiocarbon analysis of the bone, and altered their original building design to protect the remnants of the cave, which still exist beneath the lower level of the building's parking garage.[4][5] The cave is known variously as the "First American Cave" or by its official state archaeological site number, 40DV40. In 1997, the Smilodon skeleton from the First American Site was the source for the logo of the Nashville Predators hockey team and the inspiration for their mascot, Gnash.[6]

Its name and logo disappeared in December 2000 when it was acquired by AmSouth Bancorporation, an institution based in Birmingham, Alabama that was slightly smaller in size. First American had operated as a fully owned subsidiary of AmSouth for most of the year 2000. First American was sold after a series of unprofitable mergers, including one with Jackson, Mississippi-based Deposit Guaranty Bank that proved to be a hurdle the corporation could not clear financially. Deposit Guaranty was fully integrated into First American, but kept its name. This allowed FANB to gain significant market share in Mississippi, Arkansas, and Louisiana, though it did not operate these branches under the corporate brand.

First American's demise ended Nashville's storied history as a strong financial center. It, along with Third National Bank (now a part of SunTrust) and Commerce Union Bank (now a part of Bank of America), was once involved in a tight three-way battle for market share that ultimately helped all three banks expand well beyond their respective bounds. When the resources of the three could no longer stand the rapid expansion and numerous acquisitions, they all succumbed and merged with other banks. FANB, the largest of these three banks, was the only one to fold itself into a smaller institution. As of 2007, Nashville is still home to several local banks, but most do not exist outside of Davidson County.

Until 2005, AmSouth Bank continued First American's former tradition of having the highest market share in Nashville, however it was surpassed by SunTrust after its acquisition of Memphis-based National Commerce Financial. In 2006, however, AmSouth reclaimed the distinction of largest market share in metropolitan Nashville. In 2006-2007, AmSouth merged with Regions Financial Corporation which is headquartered in Birmingham. The newly combined bank retained Nashville's largest market share [1] in addition to AmSouth's CEO, C. Dowd Ritter continuing as CEO of the company.


First American was very visible in the Nashville area and carried a large load of sponsorships, most notably the now-closed First American Music Center, to which it held naming rights for just one season before selling to AmSouth. First American also prided itself as the "official bank" of several Nashville-based sports franchises, including the Tennessee Titans, Nashville Predators, Nashville Kats, and Nashville Sounds. Following the purchase, AmSouth/Regions opted to let each of these sponsorships expire without renewal.

Other First American Banks[edit]

There are several regional banks around the United States that now carry the "First American" name. One in particular, in Mississippi, has adopted the full name "First American National Bank". None of these regional institutions are affiliated with the former First American National Bank or AmSouth Bancorporation.


  1. ^ Sarles, Judy (2000-10-08). "Nashville's banking legacy fades with time". Nashville Business Journal. Retrieved 2007-07-19. 
  2. ^ "AmSouth Completes Acquisition of First American; Emphasis Shifts to Smooth Transition for Customers". PR Newswire. Retrieved 2007-07-19. 
  3. ^ Guilday, John E. (July 1977), "Sabertooth Cat, Smilodon Floridanus (Leidy), and Associated Fauna From a Tennessee Cave (40DV40), the First American Bank Site.", Journal of the Tennessee Academy of Science, 52 (3): 84–94 
  4. ^ Ingram, Tom (August 16, 1971), "1St American to Aid Cave Study", Nashville Tennessean, p. 2 
  5. ^ "Tiger in the Bank", Time Magazine, p. 53, August 6, 1973 
  6. ^ Nashville Predators Timeline - Sports News Story - WSMV Nashville Archived September 24, 2010, at the Wayback Machine.