First Horizon names Truist executive chief financial officer

First Horizon in Memphis, Tennessee, has recruited a finance and accounting executive away from Truist Financial to be its new chief financial officer.

Hope Dmuchowski will join First Horizon on Nov. 29, the $88.5 billion-asset company said Tuesday. Dmuchowski, who will also hold the title of senior executive vice president, will serve on the executive management committee and report to President and CEO Bryan Jordan.

Dmuchowski spent 12 years at BB&T in Winston-Salem, North Carolina, holding a variety of reporting and finance roles, before the firm merged with the Atlanta-based SunTrust Banks to form the $530 billion-asset Truist.

Since First Horizon closed its acquisition of Iberiabank last year, it has reported higher-than-expected integration costs. On Tuesday, the company highlighted Dmuchowski’s experience with the Truist merger.

“We are very excited to welcome Hope to the First Horizon leadership team as our new CFO," Jordan said in a press release. “Hope's significant merger integration experience also gives her a unique understanding of the complexities, benefits and opportunities associated with the combination of two sizable organizations.”

Most recently, Dmuchowski was head of financial planning and analysis and management reporting at Charlotte, North Carolina-based Truist. Before that, she was Truist’s chief financial officer of corporate banking and corporate groups.

In the press release Tuesday, Dmuchowski referred to moving beyond the process of integrating with Iberiabank.

“I am thrilled to join First Horizon at this exciting and pivotal time. I look forward to contributing to the overall strategy, particularly as we move beyond the final systems conversion and further capitalize on the power of the Company's higher growth markets and diversified business model,” she said.

Dmuchowski will succeed Anthony Restel, who became interim CFO after William “BJ” Losch left First Horizon for Live Oak Bancshares in Wilmington, North Carolina. Restel, previously a longtime CFO at Lafayette, Louisiana-based Iberiabank, joined First Horizon in July 2020 when the company finalized its acquisition.

In a move that appeared to position Restel as a potential successor to Jordan, he was recently named president of regional banking, a role that oversees retail and commercial banking.

For reprint and licensing requests for this article, click here.
Commercial banking Corporate Bonds Women in Banking
MORE FROM AMERICAN BANKER