<SEC-DOCUMENT>0000930413-17-003810.txt : 20171117
<SEC-HEADER>0000930413-17-003810.hdr.sgml : 20171117
<ACCEPTANCE-DATETIME>20171117162831
ACCESSION NUMBER:		0000930413-17-003810
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20171117
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20171117
DATE AS OF CHANGE:		20171117

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST HORIZON NATIONAL CORP
		CENTRAL INDEX KEY:			0000036966
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				620803242
		STATE OF INCORPORATION:			TN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15185
		FILM NUMBER:		171211317

	BUSINESS ADDRESS:	
		STREET 1:		165 MADISON AVENUE
		CITY:			MEMPHIS
		STATE:			TN
		ZIP:			38103
		BUSINESS PHONE:		9018186232

	MAIL ADDRESS:	
		STREET 1:		165 MADISON AVENUE
		CITY:			MEMPHIS
		STATE:			TN
		ZIP:			38103

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST TENNESSEE NATIONAL CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST TENNESSEE BANKS INC
		DATE OF NAME CHANGE:	19600201
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c89701_8k.htm
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<P STYLE="font: 1pt Times New Roman, Times, Serif; margin: 3pt 0 12pt">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: center"><B>UNITED STATES</B><BR>
<B>SECURITIES AND EXCHANGE COMMISSION</B><BR>
<B>Washington, D.C. 20549</B><BR>
_____________________</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Form
8-K</B><BR>
_____________________</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: center"><B>Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: center">Date of Report (Date of earliest event
Reported): November 17, 2017</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: center"><B>First Horizon National Corporation</B><BR>
(Exact Name of Registrant as Specified in its Charter)</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; padding-right: 3pt; padding-left: 3pt; text-align: center"><B>TENNESSEE </B></TD>
    <TD STYLE="width: 34%; padding-right: 3pt; padding-left: 3pt; text-align: center"><B>001-15185</B></TD>
    <TD STYLE="width: 33%; padding-right: 3pt; padding-left: 3pt; text-align: center"><B>62-0803242</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">(State or Other Jurisdiction of Incorporation)</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">(Commission File Number)</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">(I.R.S. Employer Identification Number)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 100%; padding-right: 3pt; padding-left: 3pt; text-align: center"><B>165 MADISON AVENUE, MEMPHIS, TENNESSEE 38103</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center">(Address of Principal Executive Offices) (Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: center"><B>(901) 523-4444</B><BR>
(Registrant&rsquo;s telephone number, including area code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: center"><BR>
(Former name or former address, if changed since last report)</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 3pt; padding-left: 3pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:<BR>
<BR>
</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="width: 5%; padding-right: 3pt; padding-left: 3pt">[ X ]</TD>
    <TD STYLE="width: 92%; padding-right: 3pt; padding-left: 3pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;]</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;]</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;]</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (17 CFR &sect;230.405) or Rule 12b-2 of the Securities Exchange Act
of 1934 (17 CFR &sect;240.12b-2). Emerging growth company [&nbsp;&nbsp;&nbsp;]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. [ &nbsp;&nbsp;]</P>


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<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">Item 8.01.</TD><TD>Other Events</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Merger Closing Date Announced. </I></B>&nbsp;On November 17,
2017, First Horizon National Corporation (&ldquo;First Horizon&rdquo;) and Capital Bank Financial Corp. (&ldquo;Capital Bank Financial&rdquo;)
issued a joint press release announcing that the proposed merger transaction is expected to be completed on November 30, 2017.
Closing remains subject to customary closing conditions.&nbsp; A copy of the press release is attached hereto as Exhibit 99.1 and
is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Merger Cash/Stock Election Deadline Set.</I></B>&nbsp; Based
on the announced closing date, and as stated in the press release, the election deadline for Capital Bank Financial stockholders
to make merger consideration elections with respect to the proposed merger is November 28, 2017 (unless extended).&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Cautionary Statements Regarding Forward-Looking Information</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">This Current Report on Form 8-K contains certain &ldquo;forward-looking
statements&rdquo; within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to our beliefs, plans,
goals, expectations, and estimates. Forward-looking statements are not a representation of historical information, but instead
pertain to future operations, strategies, financial results or other developments. The words &ldquo;believe,&rdquo; &ldquo;expect,&rdquo;
&ldquo;anticipate,&rdquo; &ldquo;intend,&rdquo; &ldquo;estimate,&rdquo; &ldquo;should,&rdquo; &ldquo;is likely,&rdquo; &ldquo;will,&rdquo;
&ldquo;going forward,&rdquo; and other expressions that indicate future events and trends identify forward-looking statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Forward-looking statements are necessarily based upon estimates
and assumptions that are inherently subject to significant business, operational, economic and competitive uncertainties and contingencies,
many of which are beyond the control of First Horizon and Capital Bank Financial, and many of which, with respect to future business
decisions and actions, are subject to change. Examples of uncertainties and contingencies include, among other important factors:
global, general, and local economic and business conditions, including economic recession or depression; actions of regulators
and agencies&#894; pending, threatened, or possible future regulatory, administrative, and judicial outcomes, actions, and proceedings;
current or future Executive orders; changes in laws and regulations applicable to First Horizon and Capital Bank Financial; the
possibility that the proposed transaction will not close when expected or at all because conditions to the closing are not satisfied
on a timely basis or at all&#894; and potential adverse reactions or changes to business or employee relationships, including those
resulting from the announcement or completion of the transaction&#894; First Horizon&rsquo;s and Capital Bank Financial&rsquo;s
success in executing their respective business plans and strategies and managing the risks involved in the foregoing; and other
factors that may affect future results of First Horizon and Capital Bank Financial.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Additional factors that could cause results to differ materially
from those contemplated by forward-looking statements can be found in First Horizon&rsquo;s Annual Report on Form 10-K for the
year ended December 31, 2016, and in its subsequent Quarterly Reports on Form 10-Q filed with the SEC and available in the &ldquo;Investor
Relations&rdquo; section of First Horizon&rsquo;s website, http://www.firsthorizon.com, under the heading &ldquo;SEC Filings&rdquo;
and in other documents First Horizon files with the SEC, and in Capital Bank Financial&rsquo;s Annual Report on Form 10-K for the
year ended December 31, 2016 and in its subsequent Quarterly Reports on Form 10-Q, including for the quarters ended March 31, 2017,
June 30, 2017 and September 30, 2017, filed with the SEC and available in the &ldquo;Investor Relations&rdquo; section of Capital
Bank Financial&rsquo;s website, www.CapitalBank-US.com, under the heading &ldquo;Financials &amp; Filings&rdquo; and in other documents
Capital Bank Financial files with the SEC.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">Item 9.01.</TD><TD>Financial Statements and Exhibits</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <A HREF="c89701_ex99-1.htm" STYLE="-sec-extract: exhibit">Joint Press Release issued November 17, 2017</A></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 12pt">1</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 51%; padding-right: 5.4pt; padding-left: 0.5in">Date:&nbsp;&nbsp;November 17, 2017</TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 47%; padding-right: 5.4pt; padding-left: 5.4pt">FIRST HORIZON NATIONAL CORPORATION</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">By:&nbsp;&nbsp;<U>/s/ &#9;Clyde A. Billings Jr.&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 17.95pt">Clyde A. Billings, Jr.<BR>
Senior Vice President, Assistant General Counsel &amp; Corporate Secretary</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



<P STYLE="margin: 0"></P>

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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>c89701_ex99-1.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>First Horizon and Capital Bank Financial
Announce</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Election Deadline for Capital Bank Financial
Stockholders to Elect </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Merger Consideration and Expected Closing
Date</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt"><B>MEMPHIS, Tenn.</B> and <B>CHARLOTTE, NC.</B> &ndash; November
17, 2017 &ndash; First Horizon National Corporation (NYSE: FHN) (&ldquo;First Horizon&rdquo;) and Capital Bank Financial Corp. (NASDAQ:
CBF) (&ldquo;Capital Bank Financial&rdquo;) today announced that the &ldquo;<B>Election Deadline</B>&rdquo; (as defined in the
election materials previously provided to Capital Bank Financial stockholders of record) <B>is 5:00 p.m. CST on November 28, 2017</B>.
The Election Deadline is based on the parties&rsquo; current expectation that the merger transaction will be completed on November
30, 2017. However, the completion of the transaction remains subject to the satisfaction or waiver of certain conditions contained
in the parties&rsquo; Agreement and Plan of Merger, dated as of May 3, 2017 (the &ldquo;Merger Agreement&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">The Election Deadline, as provided in the Merger Agreement,
is the deadline by which stockholders of record of Capital Bank Financial may elect to receive cash, shares of First Horizon common
stock, or both as &ldquo;merger consideration&rdquo; in connection with the parties&rsquo; proposed merger. The Election Deadline
may be extended, in which case First Horizon and Capital Bank Financial will announce the new Election Deadline by issuing another
press release.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt"><A NAME="T8"></A>Capital Bank Financial stockholders of record
wishing to make an election must deliver to Wells Fargo Bank, N.A.<A NAME="T9"></A> (the &ldquo;Exchange Agent&rdquo;), a properly
completed Letter of Election and Transmittal and any other applicable election materials, by the <A NAME="T10"></A>Election Deadline
of 5:00 p.m. CST on November 28, 2017 (unless extended). The election materials do not provide for a guaranteed delivery procedure.
Capital Bank Financial stockholders who hold their shares through a bank, broker or other nominee may be subject to an earlier
deadline than the Election Deadline for making their elections, based on the instructions of their brokers, banks or other nominees.
Capital Bank Financial stockholders bear the risk of ensuring proper and timely delivery of their election materials.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt"><A NAME="T12"></A>Capital Bank Financial stockholders may
elect to receive, with respect to each share of Capital Bank Financial common stock held, either (i) an amount in cash equal to
the sum, rounded to the nearest one-tenth of a cent, of (A)&nbsp;$7.90 plus (B) the product of 1.75 multiplied by the average of
the closing sale prices of a share of First Horizon common stock on the New York Stock Exchange, for the ten full trading days
ending on the day preceding the closing date of the merger (the &ldquo;First Horizon Share Closing Price&rdquo;), or (ii) the number
of shares of First Horizon common stock equal to the quotient, rounded to the nearest ten thousandth, of (A) cash consideration
divided by (B)&nbsp;the First Horizon Share Closing Price, subject to the procedures applicable to oversubscription and undersubscription
for cash consideration set forth in the Merger Agreement.<A NAME="T13"></A> As a result, stockholders who elect to receive entirely
cash or entirely stock may receive a combination of cash and First Horizon common stock, and stockholders who elect to receive
a combination of cash and stock may receive cash and First Horizon common stock in a different proportion from what they elected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">Stockholders who do not submit properly completed election
materials to the Exchange Agent by the <A NAME="T14"></A>Election Deadline will be deemed to have made no election with respect
to their shares of Capital Bank Financial common stock. Such shares will be converted into the right to receive the stock consideration
or the cash consideration according to the allocation procedures specified in the Merger Agreement. After Capital Bank Financial
stockholders have made their elections and tendered their shares of Capital Bank Financial common stock to the Exchange Agent,
they will be unable to sell or transfer their shares of Capital Bank Financial common stock unless they revoke their election prior
to the <A NAME="T15"></A>Election Deadline.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">All of the documents necessary to make an election were previously
mailed to Capital Bank Financial stockholders of record as of October 13, 2017. Capital Bank Financial stockholders of record may
obtain additional copies of the election materials by contacting Morrow Sodali LLC at (800) 414-4313. Capital Bank Financial stockholders
who hold their shares in &ldquo;street name&rdquo; may obtain additional copies of the election materials by contacting their bank,
broker or other nominee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">A more detailed description of the <A NAME="T16"></A>merger
consideration and the allocation and proration procedures applicable to elections is contained in the Joint Proxy Statement/Prospectus
dated July 28, 2017. Capital Bank Financial stockholders are urged to read the Joint Proxy Statement/Prospectus carefully and in
its entirety. Copies of the Joint Proxy Statement/Prospectus may be obtained for free by following the instructions below under
&ldquo;Important Other Information.&rdquo;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">Capital Bank Financial stockholders of record with questions
regarding the election process should contact Morrow Sodali LLC, the information agent for the election, at (800) 414-4313 as soon
as possible. Capital Bank Financial stockholders holding shares of Capital Bank Financial common stock in &ldquo;street name&rdquo;
should contact their broker, bank or other nominee with questions regarding the election process.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt"><B>Forward-Looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">This communication contains certain &ldquo;forward-looking
statements&rdquo; within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to our beliefs, plans,
goals, expectations, and estimates. Forward-looking statements are not a representation of historical information, but instead
pertain to future operations, strategies, financial results or other developments. The words &ldquo;believe,&rdquo; &ldquo;expect,&rdquo;
&ldquo;anticipate,&rdquo; &ldquo;intend,&rdquo; &ldquo;estimate,&rdquo; &ldquo;should,&rdquo; &ldquo;is likely,&rdquo; &ldquo;will,&rdquo;
&ldquo;going forward,&rdquo; and other expressions that indicate future events and trends identify forward-looking statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">Forward-looking statements are necessarily based upon estimates
and assumptions that are inherently subject to significant business, operational, economic and competitive uncertainties and contingencies,
many of which are beyond the control of First Horizon and Capital Bank Financial, and many of which, with respect to future business
decisions and actions, are subject to change. Examples of uncertainties and contingencies include, among other important factors:
global, general, and local economic and business conditions, including economic recession or depression; expectations of and actual
timing and amount of interest rate movements, including the slope and shape of the yield curve, which can have a significant impact
on a financial services institution; market and monetary fluctuations, including fluctuations in mortgage markets; inflation or
deflation; customer, investor, competitor, regulatory, and legislative responses to any or all of these conditions; demand for
First Horizon&rsquo;s and Capital Bank Financial&rsquo;s product offerings; the actions of the Securities and Exchange Commission
(SEC), the Financial Accounting Standards Board (FASB), the Office of the Comptroller of the Currency (OCC), the Board of Governors
of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), the Financial Industry Regulatory
Authority (FINRA), the U.S. Department of the Treasury (Treasury), the Municipal Securities Rulemaking Board (MSRB), the Consumer
Financial Protection Bureau (CFPB), the Financial Stability Oversight Council (FSOC), the Public Company Accounting Oversight Board
(PCAOB), and other regulators and agencies&#894; pending, threatened, or possible future regulatory, administrative, and judicial
outcomes, actions, and proceedings; current or future Executive orders; changes in laws and regulations applicable to First Horizon
and Capital Bank Financial; the possibility that the proposed transaction will not close when expected or at all because conditions
to the closing are not satisfied on a timely basis or at all&#894; the possibility that the anticipated benefits of the transaction
will not be realized when expected or at all, including as a result of the impact of, or problems arising from, the integration
of the two companies or as a result of the strength of the economy and competitive factors in the areas where First Horizon and
Capital Bank Financial do business&#894; the possibility that the transaction may be more expensive to complete than anticipated,
including as a result of unexpected factors or events&#894; diversion of management&rsquo;s attention from ongoing business operations
and opportunities&#894; potential adverse reactions or changes to business or employee relationships, including those resulting
from the announcement or completion of the transaction&#894; First Horizon&rsquo;s and Capital Bank Financial&rsquo;s success in
executing their respective business plans and strategies and managing the risks involved in the foregoing; and other factors that
may affect future results of First Horizon and Capital Bank Financial.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">Additional factors that could cause results to differ materially
from those contemplated by forward-looking statements can be found in First Horizon&rsquo;s Annual Report on Form 10-K for the
year ended December 31, 2016, and in its subsequent Quarterly Reports on Form 10-Q filed with the SEC and available in the &ldquo;Investor
Relations&rdquo; section of First Horizon&rsquo;s website, http://www.firsthorizon.com, under the heading &ldquo;SEC Filings&rdquo;
and in other documents First Horizon files with the SEC, and in Capital Bank Financial&rsquo;s Annual Report on Form 10-K for the
year ended December 31, 2016 and in its subsequent Quarterly Reports on Form 10-Q, including for the quarters ended March 31, 2017,
June 30, 2017 and September 30, 2017, filed with the SEC and available in the &ldquo;Investor Relations&rdquo; section of Capital
Bank Financial&rsquo;s website, www.CapitalBank-US.com, under the heading &ldquo;Financials &amp; Filings&rdquo; and in other documents
Capital Bank Financial files with the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 8pt">-2-</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Important Other Information</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">In connection with the proposed transaction, First Horizon has filed
with the SEC a Registration Statement on Form S-4 (No. 333-219052), which was declared effective on July 28, 2017, a Joint Proxy
Statement/Prospectus dated July 28, 2017, as well as other relevant documents concerning the proposed transaction. SHAREHOLDERS
OF CAPITAL BANK FINANCIAL AND FIRST HORIZON ARE URGED TO READ THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS
AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC REGARDING THE TRANSACTION, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE
DOCUMENTS, BECAUSE THEY DO AND WILL CONTAIN IMPORTANT INFORMATION. Shareholders may obtain a free copy of the Joint Proxy Statement/Prospectus,
as well as other filings containing information about First Horizon and Capital Bank Financial, without charge, at the SEC&rsquo;s
website (http://www.sec.gov). Copies of the Joint Proxy Statement/Prospectus and the filings with the SEC that will be incorporated
by reference in the Joint Proxy Statement/Prospectus can also be obtained, without charge, by directing a request to Clyde A. Billings,
Jr., First Horizon National Corporation, 165 Madison, 13th Floor, Memphis, TN 38103, telephone (901) 523-5679, or Capital Bank
Financial Corp., Attention: Secretary, 4725 Piedmont Row Drive, Suite 110, Charlotte, NC 28210.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>About First Horizon</B><BR>
<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The 4,300 employees of First Horizon National Corp. (NYSE: FHN)
provide financial services through more than 160 First Tennessee Bank locations across Tennessee and the southern U.S. and 28 FTN
Financial offices across the U.S. The company was founded in 1864 and has the 14th oldest national bank charter in the country.
First Tennessee has the largest deposit market share in Tennessee, one of the highest customer retention rates of any bank in the
country and has been ranked by American Banker as No. 5 among the Top 10 Most Reputable U.S. Banks. FTN Financial is a capital
markets industry leader in fixed income sales, trading and strategies for institutional customers in the U.S. and abroad. First
Horizon has been recognized as one of the nation&rsquo;s best employers by Working Mother and American Banker magazines and the
National Association for Female Executives. More information is available at www.FirstHorizon.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><BR>
<B>Contact:</B><BR>
<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">First Horizon Investor Relations, Aarti Bowman, (901) 523-4017<BR>
First Horizon Media Relations, James Dowd, (901) 523-4305</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>About Capital Bank Financial</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Capital Bank Financial Corp. is a bank holding company, formed in
2009 to create a premier regional banking franchise in the southeastern United States.&nbsp;Capital Bank Financial is the parent
of Capital Bank Corporation, a State of North Carolina chartered financial institution with $10.1 billion in total assets as of
June 30, 2017, and 189 full-service banking offices throughout Florida, North and South Carolina, Tennessee and Virginia. To learn
more about Capital Bank Financial Corp., please visit www.capitalbank-us.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Contact:</B><BR>
<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Capital Bank Financial Chief of Strategic Planning and Investor
Relations, Kenneth A. Posner, (212) 399-4020, Kposner@cbfcorp.com</P>

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