Profile: First Horizon National Corp (FHN.N)
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), and its subsidiaries. The Company’s two brands First Tennessee and FTN Financial provide customers with a range of products and services. First Tennessee provides retail and commercial banking services in Tennessee. FTN Financial (FTNF) is engaged in providing fixed income sales, trading and strategies for institutional clients in the United States and abroad. At December 31, 2013, FHN’s subsidiaries had over 200 business locations in the United States and Hong Kong. FHN operates through four segments: regional banking, capital markets, corporate and non-strategic.
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. The segment also offers 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.
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.
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. At December 31, 2013, the Bank had 178 branch locations in five states: 166 branches in the metropolitan areas of Tennessee, two branches in northwestern Georgia, seven branches in northwestern Mississippi, two branches in North Carolina and one branch in Virginia. At December 31, 2013, FTN Financial offered its products and services through 21 offices in total, including 20 offices in 15 states across the United States and an office in Hong Kong.
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.
First Horizon National Corp
165 Madison Ave
MEMPHIS TN 38103-2723