Profile: First Horizon National Corp (FHN.N)

FHN.N on New York Stock Exchange

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First Horizon National Corporation (FHN), incorporated on September 23, 1968, is a bank holding company. The Company provides financial services through its subsidiary, First Tennessee Bank National Association (the Bank). FHN operates through four segments: regional banking, capital markets, corporate and non-strategic. As of December 31, 2014, FHN’s subsidiaries had over 200 business locations in the United States and Hong Kong. As of December 31, 2014, the Bank had 182 branch locations in seven states: 168 branches in Tennessee; two branches in northwestern Georgia; seven branches in northwestern Mississippi; two branches in North Carolina, and one branch each in Virginia, South Carolina and Florida. The Bank has customer-service offices, which are not legal bank branches, including private client and commercial loan offices, in Kentucky and Texas, as well as in states, where branches are located. The Bank also has operational and administrative offices in Tennessee. At December 31, 2014, FTN Financial products and services were offered through 27 offices in total, including 26 offices in 16 states across the United States plus an office in Hong Kong.

The Company, through its subsidiaries, provides services, such as general banking services for consumers, businesses, financial institutions and governments; fixed income sales and trading; underwriting of bank-eligible securities and other fixed-income securities eligible for underwriting by financial subsidiaries; loan sales; advisory services; derivative sales; discount brokerage and full-service brokerage; correspondent banking; transaction processing, such as nationwide check clearing services and remittance processing; trust, fiduciary, and agency services; credit card products; equipment finance; investment and financial advisory services; mutual fund sales as agent; retail insurance sales as agent, and mortgage banking services.

Regional Banking segment

The regional banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customers in Tennessee and other selected markets. The segment provides investments, financial planning, trust services and asset management, credit card and cash management services. In addition, the regional banking segment includes correspondent banking which provides credit, depository, and other banking related services to other financial institutions nationally.

Capital Markets segment

The Capital Markets segment offers fixed income sales, trading and strategies for institutional clients in the United States and abroad. The segment also offers loan sales, portfolio advisory and derivative sales.

Corporate Segment

The corporate segment consists of unallocated corporate expenses, expense on subordinated debt issuances, bank-owned life insurance, and unallocated interest income associated with excess equity, net impact of raising incremental capital, revenue and expense associated with deferred compensation plans. It also offers funds management and tax credit investment activities.

Non-Strategic segment

The Non-Strategic segment offers wind-down national consumer lending activities and legacy mortgage banking elements. The segment also offers the wind-down trust preferred loan portfolio services.

The Company competes with Regions Bank, SunTrust Bank, Wells Fargo Bank N.A., Bank of America N.A., Pinnacle National Bank and Branch Banking and Trust Company.

Company Address

First Horizon National Corp

165 Madison Ave
MEMPHIS   TN   38103-2723
P: +1901.8186232

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