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FTBNA |
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On May 31, 2007, First Horizon was merged into First Tennessee Bank National Association (FTBNA), and the company became a division of FTBNA operating under the name 'First Horizon Home Loans, a division of First Tennessee Bank National Association. FTBNA is the primary operating subsidiary of First Tennessee National Corporation (FTN), headquartered in Memphis, TN. This variance was primarily the result of a tax benefit related to the issuance by an affiliate of FTBNA of mandatorily redeemable cumulative preferred stock during the third quarter of 2000. |
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