January 28, 2008

First Horizon National Corp. to Focus Construction Lending Through First Tennessee Bank

MEMPHIS, Tenn., Jan 28, 2008 (PrimeNewswire via COMTEX News Network) -- First Horizon National Corp. (NYSE:FHN) will discontinue national home builder and commercial real estate lending through its First Horizon Construction Lending offices. First Tennessee Bank will continue construction lending primarily in Tennessee and the Southeast region. The move is in keeping with the company's strategy to reduce its national real estate portfolio while aggressively expanding in Tennessee and the Southeastern region, where the company's First Tennessee Bank has a long tradition of success in retail and commercial banking.

Jerry Baker, First Horizon's CEO, said the company will work with First Horizon Construction Lending customers through the completion of construction projects underway. "We have a plan in place to work with our national construction lending employees and customers to make an orderly transition out of these business channels as we work to shrink our balance sheet and focus many of our resources on our First Tennessee Bank and FTN Financial capital markets businesses," said Baker.

In its Jan. 17 fourth quarter earnings release and conference call, First Horizon announced that additional reserves had been added to reflect expected losses on loans originated through these business channels. Baker said that winding down national builder and real estate construction lending would accelerate its attaining the $2 billion targeted reduction in its national real estate portfolio through 2008.

About First Horizon

The 10,000 employees of First Horizon National Corp. (NYSE:FHN) provide financial services to individuals and business customers through hundreds of offices located in more than 40 states. The corporation's three major brands -- FTN Financial, First Horizon and First Tennessee -- provide customers with a broad range of products and services including:


 * Retail/commercial banking, with the largest market share in
   Tennessee and one of the highest customer retention rates of any
   bank in the country
 * Capital markets, one of the nation's top underwriters of U.S.
   government agency securities
 * Mortgage banking, one of the nation's top mortgage originators and
   recipient of consecutive awards for servicing excellence from
   Fannie Mae and Freddie Mac

FHN has been recognized as one of the nation's best employers by AARP and Working Mother magazines. FHN also was named one of the nation's 100 best corporate citizens by CRO magazine. More information can be found at www.fhnc.com.

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This news release was distributed by PrimeNewswire, www.primenewswire.com

SOURCE: First Horizon National Corporation

First Horizon National Corp.
          Jerry Baker, CEO 
            (901) 523-4407
          Investor Relations 
          Dave Miller
            (901) 523-4162
          Media Relations 
          Anthony Hicks
            (901) 523-4726

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