Key Developments: First Horizon National Corp (FHN.N)

FHN.N on New York Stock Exchange

12.02USD
24 Jul 2014
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$0.18 (+1.52%)
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Latest Key Developments (Source: Significant Developments)

First Horizon National approves payment of quarterly cash dividend
Tuesday, 22 Jul 2014 04:05pm EDT 

First Horizon National Corp:Approves payment of a quarterly cash dividend on its common stock of $.05 per share.Payable on Oct. 1, 2014, to the common shareholders of record on Sept. 12, 2014.  Full Article

First Horizon National Corp declares quarterly dividends
Tuesday, 29 Apr 2014 05:30pm EDT 

First Horizon National Corp:Approved payment of a quarterly cash dividend on its common stock of $.05 per share.Payable on July 1 to the common shareholders of record on June 13.  Full Article

First Horizon National Corp to pay $110 mln to settle U.S. agency's mortgage claims
Tuesday, 29 Apr 2014 05:07pm EDT 

First Horizon National Corp:Will pay $110 mln to resolve claims it misled Fannie Mae and Freddie Mac into buying mortgage-backed securities that later went sour, U.S. regulator said on April 29, 2014.Settlement resolves lawsuit filed in New York federal court by the Federal Housing Finance Agency, the conservator since 2008 for the government-controlled mortgage companies.FHFA said in statement that First Horizon will pay $61.6 mln to Fannie Mae and $48.4 mln to Freddie Mac.Under agreement lawsuit begun in 2011 will be dismissed against all defendants, which include First Horizon, certain affiliated companies and certain individuals.  Full Article

First Horizon National Corp declares quarterly dividends and adopts new share purchase program to expire in January 2016
Wednesday, 22 Jan 2014 04:10pm EST 

First Horizon National Corp:Says board of directors has approved payment of a quarterly cash dividend on its common stock of $.05 per share.The dividend is payable on April 1, 2014, to the common shareholders of record on March 14, 2014.Says has also approved payment of a quarterly cash dividend of $1,550.00 per share on FHN's Non-Cumulative Perpetual Preferred Stock, Series A ("Series A Preferred Stock").This equates to a cash dividend of $0.387500 per Depositary Share.Says the dividend is payable on April 10, 2014, to the preferred shareholders of record on March 26, 2014.Says in addition, the board of directors approved a new $100 million common share purchase program that will expire on Jan. 31, 2016.Says purchases will be made in the open market or through privately negotiated transactions and will be subject to market conditions, accumulation of excess equity, prudent capital management and legal and regulatory restrictions.  Full Article

First Horizon National Corp Declares Quarterly Dividends
Tuesday, 22 Oct 2013 04:10pm EDT 

First Horizon National Corp announced that the board of directors has approved payment of a quarterly cash dividend on its common stock of $.05 per share. The dividend is payable on Jan. 1, 2014, to the common shareholders of record on Dec. 13, 2013. The board of directors has also approved payment of a quarterly cash dividend of $1,550.00 per share on FHN's Non-Cumulative Perpetual Preferred Stock, Series A (Series A Preferred Stock). This equates to a cash dividend of $0.387500 per Depositary Share, which each represent a 1/4000th interest in a share of the Series A Preferred Stock. The dividend is payable on Jan. 10, 2014, to the preferred shareholders of record on Dec. 26, 2013.  Full Article

First Horizon National Corp Declares Quarterly Dividends
Tuesday, 16 Jul 2013 04:10pm EDT 

First Horizon National Corp announced that the board of directors has approved payment of a quarterly cash dividend on its common stock of $.05 per share. The dividend is payable on October 1 to the common shareholders of record on September 13, 2013. The board of directors has also approved payment of a quarterly cash dividend of $1,550.00 per share on FHN's Non-Cumulative Perpetual Preferred Stock, Series A (Series A Preferred Stock). This equates to a cash dividend of $0.387500 per Depositary Share, which each represent a 1/4000th interest in a share of the Series A Preferred Stock. The dividend is payable on October 10 to shareholders of record on September 25, 2013.  Full Article

First Horizon National Corp's First Tennessee Bank National Association Acquires Mountain National From FDIC
Friday, 7 Jun 2013 06:21pm EDT 

First Horizon National Corp's First Tennessee Bank National Association announced that it has acquired substantially all of the assets and assumed substantially all of the deposits of Mountain National Bank of Sevierville, Tennessee, from the Federal Deposit Insurance Corporation (FDIC), as receiver. The 12 branches of Mountain National, which are located in Sevier and Blount Counties in East Tennessee, will open Monday as First Tennessee financial centers. Mountain National customers are automatically First Tennessee customers. As the Mountain National systems are integrated into First Tennessee's over the next few months, customers are encouraged to continue conducting their banking business as usual through branches and online. Mountain National customers can continue to use any First Tennessee ATM at no charge.  Full Article

First Horizon National Corp Declares Quarterly Dividends
Thursday, 2 May 2013 04:10pm EDT 

First Horizon National Corp announced that the Board of Directors has approved payment of a quarterly cash dividend on its common stock of $.05 per share. The dividend is payable on July 1, 2013 to the common shareholders of record on June 14, 2013. The Board of Directors has also approved payment of a quarterly cash dividend of $1,550.00 per share on FHN's Non-Cumulative Perpetual Preferred Stock, Series A. This equates to a cash dividend of $0.387500 per Depositary Share, which each represents a 1/4000th interest in a share of the Series A Preferred Stock. The dividend is payable on July 10 to shareholders of record on June 25.  Full Article

First Horizon National Corp Declares Dividend On Series A Preferred Stock
Monday, 18 Mar 2013 04:10pm EDT 

First Horizon National Corp announced that the board of directors has authorized payment of a quarterly cash dividend of $1,188.332 per share on FHN's Non-Cumulative Perpetual Preferred Stock, Series A (Series A Preferred Stock). This equates to a cash dividend of $0.297083 per Depositary Share, which each represent a 1/4000th interest in a share of the Series A Preferred Stock. The dividend is payable on April 10 to shareholders of record on March 28.  Full Article

First Horizon National Corp Announces Pricing of $100 Million Public Offering of Depositary Shares Representing Series A Preferred Stock
Thursday, 24 Jan 2013 05:41pm EST 

First Horizon National Corp announced the pricing of an underwritten public offering of $100 million aggregate liquidation preference amount of depositary shares, each representing 1/4,000th interest in a share of its Non-Cumulative Perpetual Preferred Stock, Series A, at a fixed annual dividend rate of 6.20 percent. First Horizon intends to use the net proceeds of this offering for general corporate purposes. First Horizon expects to close the transaction on or about January 31, 2013, subject to the satisfaction of customary closing conditions. J.P. Morgan Securities LLC, Citigroup Global Markets Inc., and Goldman, Sachs & Co. are acting as joint book-running managers for the depositary shares offering. RBC Capital Markets, LLC, Barclays Capital Inc., Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are acting as co-managers for the depositary shares offering. The offering is made under First Horizon's shelf registration statement filed with the Securities and Exchange Commission.  Full Article

First Horizon to pay $110 million to settle U.S. agency's mortgage claims

NEW YORK - First Horizon National Corp will pay $110 million to resolve claims it misled Fannie Mae and Freddie Mac into buying mortgage-backed securities that later went sour, a U.S. regulator said on Tuesday.

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