EX-21 5 ex21.htm EXHIBIT 21

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, 2005. Each consolidated entity is 100% owned by its immediate parent, except as described below in note (2) to the FHNC table and notes (3) and (4) to the FTBNA table, and all are included in the Consolidated Financial Statements.

Direct Consolidated Entities of FHNC:

 

 

 

 

 

 

 

Entity

 

Type of
Ownership
by FHNC

 

Jurisdiction of
Incorporation/
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, 2005.

 

 

(1)

At December 31, 2005, 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, and First Horizon Money Center.

 

 

(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:

 

 

 

 

 

 

 

 

Subsidiary of FTBNA

 

Type of
Ownership
by FTBNA

 

Jurisdiction of
Incorporation/
Organization

 

 

 

Check Consultants, Incorporated*

 

 

Direct

 

 

Tennessee

Community Money Center, Inc.*

 

 

Direct

 

 

Tennessee

First Express Remittance Processing, Inc.

 

 

Direct

 

 

Tennessee

First Horizon Insurance Services, Inc.

 

 

Direct

 

 

Tennessee

FHMSH, Inc.

 

 

Direct

 

 

Delaware

First Horizon Merchant Services, Inc. (1)

 

 

Indirect

 

 

Tennessee

Global Card Services, Inc. (1)

 

 

Indirect

 

 

Florida

First Horizon Mint Distribution, Inc.

 

 

Direct

 

 

Tennessee

First Horizon Money Center, Inc.*

 

 

Direct

 

 

Tennessee

First Horizon MSaver, Inc.

 

 

Direct

 

 

Tennessee

1


 

 

 

 

 

 

 

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

FT Mortgage Holding Corporation (3)

 

 

Direct

 

 

Delaware

Federal Flood Certification Corporation

 

 

Indirect

 

 

Texas

FHEL, Inc.

 

 

Indirect

 

 

Delaware

FHRF, Inc. (3)

 

 

Indirect

 

 

Delaware

First Horizon Mortgage Loan Corporation (3)

 

 

Indirect

 

 

Delaware

FT Real Estate Securities Company, Inc. (3)

 

 

Indirect

 

 

Arkansas

FHRIII, LLC

 

 

Indirect

 

 

Delaware

FHTRS, Inc.

 

 

Indirect

 

 

Delaware

FH-FF Mortgage Services, L.P. (3)

 

 

Indirect

 

 

Delaware

FHR Holding, Inc.

 

 

Indirect

 

 

Delaware

FHRV, LLC

 

 

Indirect

 

 

Delaware

FHRVI, LLC

 

 

Indirect

 

 

Delaware

First Horizon Home Loan Corporation

 

 

Indirect

 

 

Kansas

First Tennessee Mortgage Services, Inc.

 

 

Indirect

 

 

Tennessee

FHREC, Inc.

 

 

Indirect

 

 

Delaware

FHRIV, LLC

 

 

Indirect

 

 

Delaware

First Horizon Asset Securities, Inc.

 

 

Indirect

 

 

Delaware

FT Real Estate Information Mortgage Solutions Holdings, Inc.

 

 

Indirect

 

 

Delaware

FT Real Estate Information Mortgage Solutions, Inc.

 

 

Indirect

 

 

Delaware

Total Mortgage Solutions, LP (4)

 

 

Indirect

 

 

Delaware

FT Reinsurance Company

 

 

Indirect

 

 

South Carolina

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

Healthcare Acquisition Parent, LLC*

 

 

Indirect

 

 

Delaware

Healthcare Acquisition Partners Holdings, LLC*

 

 

Indirect

 

 

Delaware

FTN Premium Services, Inc.

 

 

Direct

 

 

Tennessee

FTN Ramp, LLC*

 

 

Direct

 

 

Delaware

Hickory Venture Capital Corporation

 

 

Direct

 

 

Alabama

JPO, Inc.

 

 

Direct

 

 

Tennessee

JV Mortgage Solutions LLC (4)

 

 

Direct

 

 

Delaware

2


 

 

 

 

 

 

 

Synaxis Group, Inc.

 

 

Direct

 

 

Delaware

SFSR, Inc.

 

 

Indirect

 

 

Tennessee

Employers Risk Services, Inc.

 

 

Indirect

 

 

Kentucky

Merritt & McKenzie, Inc.

 

 

Indirect

 

 

Georgia

Synaxis, 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, 2005.

 

 

(1)

Substantially affected, after December 31, 2005, by asset sale described in FHNC’s Current Report on Form 8-K dated January 31, 2006.

 

 

(2)

Divisions of this subsidiary do business in certain jurisdictions under the following names: First Horizon Home Loans, First Horizon Lending Center, McGuire Mortgage, OneLoan.

 

 

(3)

The following subsidiaries are not wholly-owned by their immediate parent:


 

 

 

FT Mortgage Holding Corporation

 

FHNC owns <1% of the common stock with the balance owned by the subsidiary’s immediate parent.

 

 

 

FHRF, Inc.

 

First Tennessee Mortgage Services, Inc. owns 1.01% of the common stock with the balance owned by the subsidiary’s immediate parent.

 

 

 

First Horizon Mortgage Loan Corporation

 

FHNC owns <1% of the common stock directly with the balance of the common stock owned by the subsidiary’s immediate parent.

 

 

 

FT Real Estate Securities Company, Inc.

 

FHNC owns <1% of the common stock with the balance of the common stock owned by the subsidiary’s immediate parent. Some preferred stock is not owned directly or indirectly by FHNC.

 

 

 

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)

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%.

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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