First Horizon Appoints Mike Holly as Head of Deposit Product Management to Enhance Strategies

First Horizon Strengthens Leadership with New Head of Deposit Product Management

First Horizon Bank, a prominent regional financial services provider based in Memphis, Tennessee, announces the appointment of Mike Holly as Senior Vice President and Head of Deposit Product Management, effective January 23, 2026. This strategic move is seen as a significant step in enhancing the bank's deposit strategies amid a competitive banking landscape. Holly brings over 12 years of extensive industry experience to the role, having previously served as Executive Director at USAA. His leadership in deposits, fee income, and funds availability aligns with First Horizon's commitment to providing superior banking solutions tailored to client needs.

In his previous role at USAA, Holly spearheaded initiatives that improved deposit products and services, underscoring his capability to drive innovation within financial institutions. His background in product management and experience in various leadership roles position him well to influence First Horizon's offerings. Additionally, Holly's military service as a veteran of the U.S. Air Force Reserve reflects a dedication to service and discipline, qualities that First Horizon values in its leadership team. Becky Spinnato, Head of Product Management at First Horizon, expresses optimism about Holly’s appointment, highlighting his potential to enhance client experiences through innovative deposit solutions.

As of the end of December 2025, First Horizon boasts assets totaling $83.9 billion, marking it as a key player in the financial services sector across 12 states in the southern U.S. The bank provides a diverse range of services, from commercial and consumer banking to wealth management and mortgage solutions. Recognized for its strong workplace culture, First Horizon has earned accolades from Fortune and Forbes, and is celebrated as one of the most reputable banks in the United States. The addition of Mike Holly is part of the bank's broader strategy to optimize its deposit products and maintain a competitive edge in delivering comprehensive banking services to clients and communities.

In a rapidly evolving financial landscape, First Horizon's focus on leadership enhancement through strategic hiring underscores its commitment to innovation and client-centric solutions. As the bank prepares for Holly's integration into its leadership team, it positions itself for continued growth and excellence in the regional banking sector. For further information about First Horizon and its offerings, interested parties can visit www.FirstHorizon.com.