MEMPHIS, Tenn., Jan. 24, 2013 (GLOBE NEWSWIRE) -- First Horizon National Corporation (NYSE:FHN) announced today a public offering of depositary shares, each representing 1/4,000th interest in a share of its Non-Cumulative Perpetual Preferred Stock, Series A. First Horizon intends to grant the underwriters a 30-day option to purchase additional depositary shares solely to cover over-allotments, if any. First Horizon intends to use the net proceeds of this offering for general corporate purposes.

J.P. Morgan Securities LLC, Citigroup Global Markets Inc., and Goldman, Sachs & Co. are acting as joint book-running managers for the depositary shares offering.

The offering will be made under First Horizon's shelf registration statement filed with the Securities and Exchange Commission.

This press release is neither an offer to sell nor a solicitation of an offer to buy depositary shares, nor shall there be any offer or sale of depositary shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The offering of these securities will be made only by means of a Prospectus and a related Prospectus Supplement. Copies of the Prospectus and Preliminary Prospectus Supplement relating to the depositary shares offering may be obtained from J.P. Morgan Securities LLC, 383 Madison Avenue, New York, NY 10179, Attn.: Investment Grade Syndicate Desk, phone (212) 834-4533, or from Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Englewood, NY 11717, phone (800) 831-9146, or from Goldman, Sachs & Co., Attn.: Prospectus Dept., 200 West St., New York, NY 10282, fax (212) 902-9316, e-mail prospectus-ny@ny.email.gs.com.

About First Horizon

The 4,500 employees of First Horizon National Corp. (NYSE:FHN) provide financial services through more than 170 First Tennessee Bank locations in and around Tennessee and 19 FTN Financial Group offices in the U.S. and abroad. First Tennessee has the leading combined market deposit share in the counties where it does business and one of the highest customer retention rates of any bank in the country. FTN Financial is a capital markets industry leader in fixed income sales, trading and strategies for institutional clients in the U.S. and abroad. FHN has been recognized as one of the nation's best employers by AARP and Working Mother magazines. More information is available at www.fhnc.com.

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CONTACT: First Horizon Media Relations

         Kim Cherry, (901) 523-4380


         First Horizon Investor Relations

         Aarti Bowman, (901) 523-4017
Source: First Horizon National Corporation

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