Profile: First Horizon National Corp (FHN.N)
30 Sep 2016
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). The Company operates through four segments: regional banking, fixed income, corporate and non-strategic. The Company's subsidiaries have over 200 business locations in the United States. The Bank has various branch locations in approximately eight states, which include over 160 branches in Tennessee; approximately two branches in northwestern Georgia; approximately six branches in northwestern Mississippi; approximately seven branches in North Carolina, and a branch each in Virginia, South Carolina, Florida and Texas.
The Bank has customer-service offices, including private client and commercial loan offices, in Kentucky, as well as in states, where branches are located. The Bank also has operational and administrative offices in Tennessee. 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 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.
The regional banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customers in Tennessee and other 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.
The fixed income segment consists of fixed income securities sales, trading, and strategies for institutional clients in the United States and abroad. The fixed income segment also consists of loan sales, portfolio advisory services 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, and revenue and expense associated with deferred compensation plans. It also consists of funds management, tax credit investment activities and gains on the extinguishment of debt, among others.
The non-strategic segment offers wind-down national consumer lending activities and 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.
First Horizon National Corp
165 Madison Ave
MEMPHIS TN 38103-2723
Company Web Links
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