In 2012, buoyed by a desire to make a difference in your community, we created the FTN Financial Capital Markets Public Finance Group, now comprised of 20 professionals who are supported by six underwriters, 10 dedicated municipal salespersons, five traders, and the Municipal Products Manager - each ranging from one to nearly four decades of Municipal bond experience. We are backed by $2.7 billion in capital as a division of First Tennessee Bank, N.A., which we don't hesitate to put behind every underwriting in which we participate. We also leverage our unparalled depository distribution system to create more competition for the sale of your bonds. In fact, where we bring the most value is our ability to reach bank portfolio and trust department buyers that have traditionally NOT bought tax-exempt general market municipal bonds along with Tier II, III, and IV accounts that are less extensively covered by our competitor firms. From healthcare and school districts to nonprofits, we have the resources in place to bring your issue to the market.
Contact Mike Allen, Municipal Products Manager, for more information.
FTN Financial’s total municipal par underwritten in 2016 was $33.3 billion, an increase of 50% from the previous year. Similarly, our 2015 total municipal par underwritten increased over 160% from 2014. By par amount, we ranked 3rd for bank qualified competitive issues and 10th for all competitive issues, according to Bloomberg.