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Commercial banking strategy, the internal function that tells a bank which business clients to pursue and where to concentrate its lending capacity, has a new leader at First Horizon Bank (NYSE: FHN).
Catherine Wood, a banking leader with more than 15 years based in Raleigh, N.C., was promoted to Senior Vice President, Head of Commercial Banking Strategy. The bank made the announcement on July 17, 2026.
What the strategy function does Commercial banking is the part of a bank that serves businesses rather than individual account holders. The commercial unit arranges loans and manages financial services for companies.
The strategy function decides in advance which sectors and geographies the bank will prioritize and how it prices credit against competitors. Planning that direction is different from executing it.
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