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EXHIBIT 21
PARENTS AND SUBSIDIARIES
The following is a list of all subsidiaries of First Tennessee National
Corporation at December 31, 1996. Each subsidiary is 100% owned by its immediate
parent, and all are included in the Consolidated Financial Statements:
Type of Ownership Jurisdiction of
Subsidiary By the Corporation Incorporation
---------- ------------------ -------------
Cleveland Bank & Trust Company Direct Tennessee
First National Bank of Springdale Direct United States
First Tennessee Bank National Association (1) Direct United States
"A" PLUS Strategic Alliances, Inc. Indirect Tennessee
Check Consultants, Incorporated Indirect Tennessee
Check Consultants Company of Tennessee, Inc. Indirect Tennessee
Community Leasing Corporation * Indirect Tennessee
Community Money Center, Inc.* Indirect Tennessee
East Tennessee Service Corporation Indirect Tennessee
Upper East Tennessee Insurance Agency Indirect Tennessee
First Funds, Inc.* Indirect Tennessee
First Tennessee Brokerage, Inc. Indirect Tennessee
First Tennessee Capital Assets Corporation Indirect Tennessee
First Tennessee Commercial Loan Management, Inc. Indirect Tennessee
First Tennessee Equipment Finance Corporation Indirect Tennessee
First Tennessee Merchant Equipment, Inc Indirect Tennessee
First Tennessee Merchant Services, Inc. Indirect Tennessee
FT Mortgage Holding Corporation Indirect Illinois
FT Mortgage Companies (2) Indirect Kansas
First Tennessee Mortgage Services, Inc. Indirect Tennessee
Hickory Venture Capital Corporation Indirect Alabama
JPO, Inc. Indirect Tennessee
TSMM Corporation Indirect Tennessee
First Tennessee Bank National Association Mississippi Direct United States
FTB Futures Corporation* Direct Tennessee
Hickory Capital Corporation Direct Tennessee
Highland Capital Management Corp. Direct Tennessee
Mountain Financial Company* Direct Tennessee
Norlen Life Insurance Company Direct Arizona
Peoples and Union Bank Direct Tennessee
Peoples Bank Direct Mississippi
Planters Bank Direct Mississippi
*Inactive.
(1) Divisions of this subsidiary do business in certain
jurisdictions under the following names: First Express, First
Money Center, First Securities Company in Mobile, Garland
Capital Management, Garland Trust, Gulf Pacific Mortgage.
(2) Divisions of this subsidiary do business in certain
jurisdictions under the following names: Atlantic Coast
Mortgage, Capital Mortgage, Carl I. Brown Mortgage, CIB
Funding, CIB Mortgage, Emerald Mortgage, First Tennessee
Mortgage Company, Inc., Flagship Mortgage Bankers, FTB
Mortgage Services, HomeBanc Mortgage Corporation, MNC
Mortgage, Mortgage Resources, Premier Mortgage Resources,
Priority One, Provision Mortgage Bankers, Select Mortgage
Resources, SNMC National Mortgage, Sunbelt National Mortgage.