BANKING

Public Finance

Municipal Securities Banking and Advisory Services

Learn MoreContact Us

Our Capabilities

Public Finance isn't just about balancing budgets — it's about building futures. At FHN Financial, we work alongside our municipal partners to create sustainable financial strategies that empower communities to grow and thrive. Whether it's supporting families, fueling small businesses, or attracting global investment, we're here to help lay the financial foundation for long-term prosperity. Whatever your public project goals may be, we're ready to help you bring them to life.

We provide municipal securities banking services to issuers of tax-exempt and taxable municipal securities across sectors in the municipal securities industry. Working in conjunction with our municipal bond department, the firm executes both negotiated and competitive sales' municipal underwritings for Issuers located across the United States.

Our combination of resources, expertise, relationships, and services is powerful, unique, and highly focused to bring strong pricing results and flawless transaction execution to municipal issuers across the country. Whatever your public project goals may be, we provide innovative financing ideas, abundant capital strength, exceptional investor access spanning across all asset classes, and strong pricing execution no matter the market environment.

Our Network icon

Our Network

Positioned within the fixed income division of a larger financial services institution, you benefit from access to powerful resources and expertise alongside the customer attention, services, and delivery that only a regional firm with local understanding can provide. As a division of a $100+ billion financial institution, First Horizon Bank, N.A., and as a Municipal Securities Department we do not hesitate to put our capital behind every underwriting in which we participate. Even after an initial bank sale, we provide valuable liquidity to your investors in the secondary market, establishing the pricing integrity for your bonds.
Our Capacity icon

Our Capacity

No matter size, frequency of transaction activity, or unique nature of a financing, our large team and complementary sales force has the capabilities, expertise and access to investors to fulfill the financing objectives of any Issuer in need of raising capital in the municipal securities marketplace.
Our Relationships icon

Our Relationships

We leverage our strong relationships with Regional Insurance companies, Separately Managed Accounts (SMA), Bank Trust Departments, and our unparalleled national Depository Distribution System, among other participating asset classes to reach a wider range of potential clients per issue, regardless of if the client has bought tax-exempt general market municipal bonds along with the distribution to reach Tier II, and IV accounts that have limited coverage by any of our competitors.
Analytics & Insights icon

Analytics & Insights

We are supported by a municipal credit analytics and economics team that provides valuable insight and advocacy to investors to encourage their participation in your transaction in any market environment. Our Municipal Analytics & Insights, and Economics team, led by Chief Economist, Chris Low, is recognized for its analysis and economic views – important in the more volatile financial markets Issuers engage in today.

Who We Serve

We're committed to making a meaningful impact in local communities. With the right tools and expertise to bring your bond sale to market, we proudly work with a variety of public entities.

Municipalities

Municipalities

Counties

Counties

State Agencies

State Agencies

School Districts

School Districts

Utilities Providers

Utilities Providers

Higher Education Institutions

Higher Education Institutions

Healthcare

Healthcare

Housing

Housing

Municipal Project Finance Issuers

Municipal Project Finance Issuers

Who We Serve
20
Public Finance banking professionals
$9.2B+
in capital as a division of First Horizon Bank
138
Active Sales Representatives
Top 20
in Municipal Underwriting for Competitive and Negotiated Sales Underwritings
* in Municipal Underwriting for Competitive and Negotiated Sales Underwritings

Recent Transactions

Demonstrated expertise across a variety of industries

City of Knoxville, Tennessee

City of Knoxville, Tennessee

$16,000,000
Wastewater System Revenue Bonds — Senior Manager
City of Knoxville, Tennessee

City of Knoxville, Tennessee

$16,000,000
Wastewater System Revenue Bonds — Senior Manager
City of Knoxville, Tennessee

City of Knoxville, Tennessee

$16,000,000
Wastewater System Revenue Bonds — Senior Manager

Your Community. Our Commitment.

FHN Financial's Public Finance department was established in 2012 with the goal to make a difference. We are strongly committed to the municipal securities industry and continue to invest in and grow the firm's involvement with issuers across the country.

Our team consists of a Municipal Products Manager, a national Head of Public Finance, approximately 20 public finance banking professionals, and 10 municipal trading and underwriting professionals who are complemented by over 138 active sales representatives focused on selling municipal securities. We are consistently ranked among the top-20 Municipal Underwriters for Competitive and Negotiated Sales Underwritings.

From Healthcare and School Districts, State Agencies to Local Governments, and now, Project Finance, we service a diverse group of sectors that is only expanding. No matter the size of transaction or credit, we have the comprehensive resources and demonstrated expertise to bring your bond sale successfully to the marketplace.

Your Community. Our Commitment.

Our Team

Ajay Thomas

Ajay Thomas

Executive Vice President

John Feery

Head of Negotiated Municipal Underwriting

Gerard Baker

Gerard Baker

Head of Competitive Sales Underwriting

Michael Allen

Michael Allen

Municipal Products Manager

Ajay Thomas

Ajay Thomas

Executive Vice President

John Feery

Head of Negotiated Municipal Underwriting

Gerard Baker

Gerard Baker

Head of Competitive Sales Underwriting

GET IN TOUCH

Connect with Us

Reach our Public Finance team to discuss banking and advisory services tailored to your municipality.

By submitting this form, I agree to Privacy Policy.

News & Insights

Stay informed with the latest updates, market insights, and company news.

FHN Financial Economic Weekly: Friday, December 12, 2025
Commentary
FHN Financial Economic Weekly: Friday, December 12, 2025
December 12
Fed Policy Update: December Meeting Preview
Commentary
Fed Policy Update: December Meeting Preview
December 2
Market Outlook: Yield Curve Signals
Commentary
Market Outlook: Yield Curve Signals
November 28
Video: Interest Rate Outlook Q4 2025
Video
Video: Interest Rate Outlook Q4 2025
November 25
Video: Navigating Fixed Income
Video
Video: Navigating Fixed Income
November 22
Annual Fixed Income Conference 2025
Events
Annual Fixed Income Conference 2025
March 15
Visit Resource Center
myFHN CUSTOMER PORTAL

Analytics On-Demand.

Your fixed income insights, elevated. 24/7 access to customized reports, interactive analytics, economic commentary, and essential resources. Contact us to learn more about myFHN.
Contact Us
myFHN Analytics Dashboard on iPad
Public Finance - FHN Financial