EX-21 8 c46655_ex21.htm c46655_ex21.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

Exhibit 21

SUBSIDIARIES

          The following are lists of consolidated subsidiaries of First Horizon National Corporation (“FHNC”) and of First Tennessee Bank National Association (“FTBNA”), information concerning a consolidated entity not controlled by FHNC, and information concerning certain unconsolidated entities, all at December 31, 2006. Each consolidated entity is 100% owned by its immediate parent, except as described below in note (2) to the FHNC table and notes (1) and (3) to the FTBNA table, and all are included in the Consolidated Financial Statements.

Direct Consolidated Entities of FHNC:         
    Type of    Jurisdiction of 
    Ownership    Incorporation/ 
Entity    by FHNC    Organization 
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 
WTB Capital Trust (2)       Direct    Delaware 
         
*  
 Inactive at December 31, 2006. 
   
(1)  

At December 31, 2006, 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. Divisions of this subsidiary do 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, Gulf Pacific Mortgage, First Horizon Money Center, and First Tennessee Advisory Services.
 
(2)  

This consolidated entity is a Delaware statutory business trust. FHNC owns all of the preferred (nonvoting) interests in the trust, but none of the common (voting) interests. The preferred interests represent approximately 97% of the total interests measured by stated liquidation amounts.
 
Consolidated Subsidiaries of FTBNA:         
    Type of    Jurisdiction of 
    Ownership    Incorporation/ 
Subsidiary of FTBNA    by FTBNA    Organization 
Check Consultants, Incorporated*       Direct    Tennessee 
Community Money Center, Inc.*       Direct    Tennessee 
First Express Remittance Processing, Inc.       Direct    Tennessee 
First Horizon ABS Trust 2006 – HE1 (1)       Direct    Delaware 
First Horizon ABS Trust 2006 – HE2 (1)       Direct    Delaware 
First Horizon Insurance Services, Inc.       Direct    Tennessee 
First Horizon Mint Distribution, Inc.       Direct    Tennessee 
First Horizon Money Center, Inc.*       Direct    Tennessee 
First Horizon Msaver, Inc.       Direct    Tennessee 
Hickory Venture Capital Corporation       Direct    Alabama 

 

JPO, Inc.    Direct    Tennessee 
JV Mortgage Solutions LLC (1)    Direct    Delaware 
FHMSH, Inc. (4)    Direct    Delaware 
     FT Mortgage Holding Corporation (4)    Direct    Delaware 
          Federal Flood Certification Corporation    Indirect    Texas 
          FT Reinsurance Company    Indirect    South Carolina 
          FT Real Estate Information Mortgage Solutions Holdings, Inc.    Indirect    Delaware 
               FT Real Estate Information Mortgage Solutions, Inc.    Indirect    Delaware 
                    Total Mortgage Solutions, LP (1)    Indirect    Delaware 
          First Horizon Home Loan Corporation (2) (4)    Indirect    Kansas 
               First Horizon Asset Securities, Inc.    Indirect    Delaware 
               First Tennessee Mortgage Services, Inc.    Indirect    Tennessee 
                    FHREC, Inc.    Indirect    Delaware 
                         FHRIV, LLC    Indirect    Delaware 
          FHR Holding, Inc.    Indirect    Delaware 
               FHRV, LLC    Indirect    Delaware 
               FHRVI, LLC    Indirect    Delaware 
          First Horizon Merchant Services, Inc.    Indirect    Tennessee 
               FHEL, Inc.    Indirect    Delaware 
                    FHTOF, Inc.    Indirect    Delaware 
                         First Horizon Mortgage Loan Corporation    Indirect    Delaware 
                              FT Real Estate Securities Company, Inc.    Indirect    Arkansas 
                                    FHRIII, LLC    Indirect    Delaware 
                                    FHTRS, Inc.    Indirect    Delaware 
                                          FH-FF Mortgage Services, L.P. (3)    Indirect    Delaware 
First Tennessee ABS, Inc.*    Direct    Delaware 
First Tennessee Brokerage, Inc.    Direct    Tennessee 
First Tennessee Equipment Finance Corporation    Direct    Tennessee 
First Tennessee Housing Corporation    Direct    Tennessee 
     CC Community Development Holdings, Inc.    Indirect    Tennessee 
First Tennessee Insurance Services, Inc.    Direct    Tennessee 
First Tennessee Merchant Equipment, Inc.*    Direct    Tennessee 
FT Building, LLC    Direct    Tennessee 
FT Insurance Corporation    Direct    Alabama 
FTN Financial Capital Assets Corporation    Direct    Tennessee 
FTN Financial Securities Corp.    Direct    Tennessee 
FTN Financial Securitization Corporation    Direct    Delaware 
FTN Investment Corp.    Direct    Delaware 
FTN Midwest Securities Corp.    Direct    Delaware 
     FTN Midwest Asset Management Corp.    Indirect    Delaware 
FTN Premium Services, Inc.    Direct    Tennessee 
FTN Ramp, LLC*    Direct    Delaware 
Synaxis Group, Inc.    Direct    Delaware 
     SFSR, Inc.*    Indirect    Tennessee 

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Employers Risk Services, Inc.*    Indirect    Kentucky 
Merritt & McKenzie, Inc.    Indirect    Georgia 
Polk & Sullivan Group, Inc.    Indirect    Tennessee 
Synaxis Insurance Services, Inc.    Indirect    Tennessee 
Synaxis Risk Services, Inc.    Indirect    Tennessee 
Van Meter Insurance, Inc.*    Indirect    Kentucky 
*  
 Inactive at December 31, 2006. 
 
(1)  
 The following consolidated subsidiaries are not wholly-owned directly or indirectly by FHNC:
 
JV Mortgage Solutions, LLC   First Tennessee Bank National Association owns 50%.
       
Total Mortgage Solutions, LP

   FT Real Estate Information Mortgage Solutions, Inc. owns 49.5% and JV Mortgage Solutions, LLC owns 1%.
   
  First Horizon ABS Trust 2006-HE1 and First Horizon ABS Trust 2006-HE2 are trusts to which FTBNA transferred certain assets. Those trusts have issued debt securities secured by those assets. FTBNA retains certain rights as transferor.
 
(2)  

Divisions of this subsidiary do business in certain jurisdictions under the following names: First Horizon Home Loans, First Tennessee Home Loans, and First Horizon Lending Center.
 
(3)  

The following subsidiaries are not wholly-owned by their immediate parent:
 
  
FH-FF Mortgage Services, L.P.

   FHTRS, Inc. owns a 99% limited partnership interest and First Tennessee Mortgage Services, Inc. owns a 1% general partnership interest.
 
(4)  

After December 31, 2006, applications were filed with the Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency seeking approval of a corporate reorganization where the following subsidiaries would be consolidated into FTBNA: FHMSH, Inc.; FT Mortgage Holding Corporation; and First Horizon Home Loan Corporation. At the time of the filing of this Exhibit, those applications are pending.
 

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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