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Restructuring, Repositioning, and Efficiency
 3 Months Ended
Mar. 31, 2020
Restructuring and Related Activities [Abstract]  
Restructuring, Repositioning, and Efficiency Restructuring, Repositioning, and Efficiency
Beginning in 2019, FHN initiated a company-wide review of business practices with the goal of optimizing its expense base to improve profitability and create capacity to reinvest savings into technology and revenue production activities. Restructuring, repositioning, and efficiency charges related to these corporate-driven actions were not significant in first quarter 2020 and were $12.2 million in first quarter 2019 and are included in the Corporate segment. Significant expenses resulted from the following actions:


•
Severance and other employee costs primarily related to efficiency initiatives within corporate and bank services functions which are classified as Employee compensation, incentives and benefits within noninterest expense.
•
Expense largely related to the identification of efficiency opportunities within the organization which is reflected in Professional fees.
Settlement of the obligations arising from current initiatives will be funded from operating cash flows.
Total expense recognized for the three months ended March 31, 2020 and 2019 is presented in the table below:

 
 
Three Months Ended
March 31
Dollars in thousands
 
2020
 
2019
Employee compensation, incentives and benefits
 
$
57

 
$
6,505

Professional fees
 
7

 
4,295

Occupancy
 
2

 
817

Other
 
(103
)
 
535

Total restructuring and repositioning charges
 
$
(37
)
 
$
12,152