MEMPHIS, Tenn., July 19, 2006 (PRIMEZONE) -- Mark Medford, chief operating officer for First Horizon National Corp.'s (NYSE:FHN) FTN Financial, has been named president of FTN Financial. He succeeds Jim Hughes, who will continue in an advisory role with FTN Financial until his retirement on Dec. 31, 2006.
Medford, 46, joined FTN Financial in November 2001. He has been instrumental in diversifying the division's product mix and pursuing growth opportunities across all its business lines. Before joining FTN Financial Medford was Memphis managing partner of KPMG LLP.
Medford has replaced industry veteran Jim Hughes, 64, who joined the company in 1965. Hughes has helped spearhead FTN Financial's steady growth for more than 40 years. He became president of capital markets, later named FTN Financial, in April 1999.
"Jim not only has been a strong leader in orchestrating FTN Financial's growth, expansion and success, but he's also an icon in the industry," said Ken Glass, First Horizon chairman and CEO. "We are excited about the continued prospects of FTN Financial's success under Mark's leadership."
FTN Financial encompasses capital markets, equity research, investment banking, correspondent services and strategic alliances. FTN Financial is headquartered in Memphis and has offices in Atlanta; Boston; Charlotte, N.C.; Chattanooga, Tenn.; Chicago; Cleveland; Dallas; Freehold and Jersey City, N.J.; Kansas City, Kan.; Knoxville, Tenn.; Los Angeles; Mobile, Ala.; Nashville, Tenn.; New York; Philadelphia; Scottsdale, Ariz.; Stamford, Conn.; and Westbury, N.Y.
About First Horizon
The 12,000 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:
-- Capital markets, one of the nation's top underwriters of U.S.
government agency securities
-- Mortgage banking, one of the nation's top 20 mortgage originators
and top 15 servicers, which earned a top-10 ranking in customer
satisfaction from J.D. Power and Associates
-- Retail/commercial banking, with the largest market share in
Tennessee and one of the highest customer retention rates of any
bank in the country
FHN companies have been recognized as some of the nation's best employers by AARP, Working Mother and Fortune magazines. FHN also was named one of the nation's 100 best corporate citizens by Business Ethics magazine. More information can be found at www.fhnc.com.