MetLife Bank to Acquire Selected Assets of First Tennessee Bank N.A.

BRIDGEWATER, N.J.--(Business Wire)--
MetLife Bank, N.A., a subsidiary of MetLife, Inc. (NYSE: MET),
announced today that it has entered into an agreement to acquire the
residential mortgage origination and servicing business of First
Tennessee Bank National Association, a subsidiary of First Horizon
National Corporation (NYSE: FHN).

The acquisition includes all of the origination business outside
of Tennessee and servicing assets associated with approximately $20
billion of first lien mortgage loans. MetLife Bank is also entering
into a sub-servicing agreement for the remainder of First Horizon's
first lien servicing portfolio which is expected to total
approximately $65 billion after closing. MetLife Bank will not be
assuming any subprime or Alt-A mortgages as part of this acquisition.
In addition, the acquisition will include more than 230 retail and
wholesale offices nationwide.

"We're excited about this acquisition," said Donna DeMaio,
president, MetLife Bank. "This will significantly accelerate the
growth potential of MetLife Bank's residential mortgage business as it
allows us to acquire significant expertise, scale and platforms.
Combined with our recently announced purchase of EverBank's reverse
mortgage business, this acquisition effectively positions MetLife Bank
to be a leader in the origination and servicing of mortgage products."

The companies expect the transaction to be completed during the
third quarter of 2008.

MetLife Bank, N.A. (Member FDIC) is a federally chartered bank
offering a wide array of banking products and services, including
high-yield savings, certificates of deposit, money market accounts,
individual retirement accounts, and residential mortgages. For more
information, please visit www.metlifebank.com.

Celebrating 140 years, MetLife, Inc. is a leading provider of
insurance and financial services with operations throughout the United
States and the Latin America, Europe and Asia Pacific regions. Through
its domestic and international subsidiaries and affiliates, MetLife,
Inc. reaches more than 70 million customers around the world and
MetLife is the largest life insurer in the United States (based on
life insurance in-force). The MetLife companies offer life insurance,
annuities, auto and home insurance, retail banking and other financial
services to individuals, as well as group insurance, reinsurance and
retirement & savings products and services to corporations and other
institutions. For more information, please visit www.metlife.com.

This release contains statements which constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, including statements relating to trends in the
operations and financial results and the business and the products of
the company and its subsidiaries, as well as other statements
including words such as "anticipate," "believe," "plan," "estimate,"
"expect," "intend" and other similar expressions. Forward-looking
statements are made based upon management's current expectations and
beliefs concerning future developments and their potential effects on
the company. Such forward-looking statements are not guarantees of
future performance.

Actual results may differ materially from those included in the
forward-looking statements as a result of risks and uncertainties
including, but not limited to, the following: (i) changes in general
economic conditions, including the performance of financial markets
and interest rates, which may affect the company's ability to raise
capital; (ii) heightened competition, including with respect to
pricing, entry of new competitors, the development of new products by
new and existing competitors and for personnel; (iii) investment
losses and defaults, and changes to investment valuations; (iv)
unanticipated changes in industry trends; (v) catastrophe losses; (vi)
ineffectiveness of risk management policies and procedures; (vii)
changes in accounting standards, practices and/or policies; (viii)
changes in assumptions related to deferred policy acquisition costs,
value of business acquired or goodwill; (ix) discrepancies between
actual claims experience and assumptions used in setting prices for
the company's products and establishing the liabilities for the
company's obligations for future policy benefits and claims; (x)
discrepancies between actual experience and assumptions used in
establishing liabilities related to other contingencies or
obligations; (xi) adverse results or other consequences from
litigation, arbitration or regulatory investigations; (xii) downgrades
in the company's and its affiliates' claims paying ability, financial
strength or credit ratings; (xiii) regulatory, legislative or tax
changes that may affect the cost of, or demand for, the company's
products or services; (xiv) MetLife, Inc.'s primary reliance, as a
holding company, on dividends from its subsidiaries to meet debt
payment obligations and the applicable regulatory restrictions on the
ability of the subsidiaries to pay such dividends; (xv) deterioration
in the experience of the "closed block" established in connection with
the reorganization of Metropolitan Life Insurance Company; (xvi)
economic, political, currency and other risks relating to the
company's international operations; (xvii) the effects of business
disruption or economic contraction due to terrorism or other
hostilities; (xviii) the company's ability to identify and consummate
on successful terms any future acquisitions, and to successfully
integrate acquired businesses with minimal disruption; and (xix) other
risks and uncertainties described from time to time in MetLife, Inc.'s
filings with the U.S. Securities and Exchange Commission. The company
specifically disclaims any obligation to update or revise any
forward-looking statement, whether as a result of new information,
future developments or otherwise.

MetLife, Inc.
For Media:
John Calagna, 212-578-6252
or
For Investors:
Conor Murphy, 212-578-7788

Copyright Business Wire 2008