Exhibit 21
SUBSIDIARIES
The following are lists of consolidated subsidiaries of First Horizon National Corporation (“FHNC”) and of First Tennessee Bank National Association (“FTBNA”) and information concerning certain unconsolidated entities, all at December 31, 2007. Each consolidated entity is 100% owned by its immediate parent, except as described below in note (1) to the FHNC table and notes (1) and (2) to the FTBNA table, and all are included in the Consolidated Financial Statements. Consolidated entities not listed include certain trusts not controlled by FHNC (FHNC owns non-voting preferred interests but no voting interests) which are not significant subsidiaries of FHNC.
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Direct Consolidated Entities of FHNC: |
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Entity |
| Type of |
| Jurisdiction of |
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First Tennessee Bank National Association (1) |
| Direct |
| United States |
Hickory Capital Corporation |
| Direct |
| Tennessee |
Highland Capital Management Corp. |
| Direct |
| Tennessee |
Martin & Company, Inc. |
| Direct |
| Tennessee |
Mountain Financial Company* |
| Direct |
| Tennessee |
Norlen Life Insurance Company |
| Direct |
| Arizona |
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| * | Inactive at December 31, 2007. |
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| (1) | At December 31, 2007, 300,000 shares of non-voting preferred stock issued by this subsidiary are outstanding and are not owned by FHNC. That preferred stock has an aggregate liquidation preference amount of $300,000,000 and is not participating with the common stock in the event of liquidation. At December 31, 2007, divisions of this subsidiary did business in certain jurisdictions under the following names: First Express, First Horizon, First Horizon Bank, First Horizon Equity Lending, People’s Bank, FTN Financial Capital Markets, First Horizon Money Center, First Horizon Home Loans, First Tennessee Home Loans, and First Horizon Lending Center. |
Consolidated Subsidiaries of FTBNA:
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Subsidiary of FTBNA |
| Type of |
| Jurisdiction of | |
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Check Consultants, Incorporated* |
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| Direct |
| Tennessee |
Community Money Center, Inc.* |
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| Direct |
| Tennessee |
First Express Remittance Processing, Inc. |
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| Direct |
| Tennessee |
First Horizon ABS Trust 2006 – HE1 (1) |
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| Direct |
| Delaware |
First Horizon ABS Trust 2006 – HE2 (1) |
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| Direct |
| Delaware |
First Horizon ABS Trust 2007 – HE1 (1) |
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| Direct |
| Delaware |
First Horizon Mint Distribution, Inc. |
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| Direct |
| Tennessee |
First Horizon Money Center, Inc.* |
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| Direct |
| Tennessee |
First Horizon Msaver, Inc. |
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| Direct |
| Tennessee |
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Hickory Venture Capital Corporation |
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| Direct |
| Alabama |
JPO, Inc. |
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| Direct |
| Tennessee |
JV Mortgage Solutions LLC (1) |
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| Direct |
| Delaware |
FHR Holding, Inc. |
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| Direct |
| Delaware |
FHRV, LLC |
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| Indirect |
| Delaware |
FHRVI, LLC |
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| Indirect |
| Delaware |
FT Real Estate Information Mortgage Solutions Holdings, Inc. |
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| Direct |
| Delaware |
FT Real Estate Information Mortgage Solutions, Inc. |
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| Indirect |
| Delaware |
Total Mortgage Solutions, LP (1) |
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| Indirect |
| Delaware |
Federal Flood Certification Corporation |
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| Direct |
| Texas |
FT Reinsurance Company |
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| Direct |
| South Carolina |
First Horizon Asset Securities, Inc. |
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| Direct |
| Delaware |
FHREC, Inc. |
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| Direct |
| Delaware |
FH-HW Holding, Inc. |
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| Direct |
| Delaware |
FH-HW, Inc. |
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| Indirect |
| Delaware |
First Horizon Merchant Services, Inc. |
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| Indirect |
| Tennessee |
FHEL, Inc. |
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| Indirect |
| Delaware |
FHTOF, Inc. |
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| Indirect |
| Delaware |
First Horizon Mortgage Loan Corporation |
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| Indirect |
| Delaware |
FT Real Estate Securities Company, Inc. |
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| Indirect |
| Arkansas |
First Horizon Preferred Funding LLC |
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| Indirect |
| Delaware |
FHTRS, Inc. (2) |
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| Indirect |
| Delaware |
FH-FF Mortgage Services LLC (2) |
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| Indirect |
| Delaware |
First Horizon Preferred Funding II LLC |
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| Direct |
| Delaware |
First Horizon Advisory Services, Inc. |
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| Direct |
| Tennessee |
First Tennessee ABS, Inc.* |
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| Direct |
| Delaware |
First Tennessee Brokerage, Inc. |
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| Direct |
| Tennessee |
First Tennessee Equipment Finance Corporation |
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| Direct |
| Tennessee |
First Tennessee Housing Corporation |
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| Direct |
| Tennessee |
CC Community Development Holdings, Inc. |
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| Indirect |
| Tennessee |
First Tennessee Merchant Equipment, Inc.* |
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| Direct |
| Tennessee |
FT Building, LLC |
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| Direct |
| Tennessee |
FTN Financial Capital Assets Corporation |
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| Direct |
| Tennessee |
FTN Financial Securities Corp. |
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| Direct |
| Tennessee |
FTN Financial Securitization Corporation |
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| Direct |
| Delaware |
FTN Financial Investment Corp. |
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| Direct |
| Delaware |
FTN Financial Asia Limited |
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| Indirect |
| Hong Kong |
FTN Investment Corp. |
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| Direct |
| Delaware |
FTN Midwest Securities Corp. |
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| Direct |
| Delaware |
FTN Midwest Asset Management Corp. |
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| Indirect |
| Delaware |
FTN Premium Services, Inc. |
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| Direct |
| Tennessee |
First Tennessee Insurance Services, Inc. |
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| Direct |
| Tennessee |
FT Insurance Corporation |
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| Direct |
| Alabama |
First Horizon Insurance Services, Inc. |
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| Direct |
| Tennessee |
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First Horizon Insurance, Inc. |
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| Direct |
| Delaware |
First Horizon Insurance Group, Inc. |
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| Indirect |
| Tennessee |
First Horizon Insurance Agency, Inc. |
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| Indirect |
| Georgia |
SFSR, Inc. |
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| Indirect |
| Tennessee |
Synaxis Insurance Services, Inc.* |
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| Direct |
| Tennessee |
Synaxis Risk Services, Inc.* |
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| Direct |
| Tennessee |
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| * | Inactive at December 31, 2007. |
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| (1) | The following consolidated subsidiaries are not wholly-owned directly or indirectly by FHNC: |
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| JV Mortgage Solutions, LLC |
| First Tennessee Bank National Association owns 50%. |
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| Total Mortgage Solutions, LP |
| FT Real Estate Information Mortgage Solutions, Inc. owns 49.5% and JV Mortgage Solutions, LLC owns 1%. |
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| First Horizon ABS Trust 2006 – HE1, First Horizon ABS Trust 2006 – HE2, and First Horizon ABS Trust 2007 – HE1 are trusts to which FTBNA transferred certain assets. Those trusts issued debt securities secured by those assets. FTBNA retains certain rights as transferor. |
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| (2) | The following subsidiaries are not wholly-owned by their immediate parent: |
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| FHTRS, Inc. |
| Common stock is owned 61% by FTBNA and 39% by FT Real Estate Securities Company Inc.; preferred stock is owned 100% by FH-HW, Inc. |
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| FH-FF Mortgage Services LLC |
| FHTRS, Inc. owns a 99% interest and FTBNA owns a 1% interest |
Selected Unconsolidated Entities:
FHNC owns 100% of the common securities of the following unconsolidated entities:
First Tennessee Capital I, a Delaware business trust
First Tennessee Capital II, a Delaware business trust
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