EX-21 11 afy2023xexh21xsubsidiaries.htm EX-21

EXHIBIT 21
|  | Subsidiaries

Subsidiaries
The following are lists of consolidated subsidiaries of First Horizon Corporation (“First Horizon”) and of First Horizon Bank (the “Bank”) at December 31, 2023. Each consolidated subsidiary is 100% owned by First Horizon directly or indirectly, except as described below in note (1) to First Horizon’s table and note (2) to the Bank’s table, and all are included in the Consolidated Financial Statements. Entities that are “financial subsidiaries” for regulatory purposes are denoted in this exhibit with FS; FS is not part of any subsidiary’s name. Entities that are inactive (no material assets or activities) are omitted.
Consolidated Subsidiaries of First Horizon

Entity | Type of Ownership | Jurisdiction of Incorporation or Organization
First Horizon Bank (1) (Bank subsidiaries are scheduled separately) | Direct | Tennessee
CB Trustee, LLC | Direct | North Carolina
First Horizon Community Development Fund, LLC | Direct | Tennessee
First Horizon Ventures, Inc. | Direct | Tennessee
IBERIA Asset Management Inc. | Direct | Louisiana
IBERIA CDE, LLC | Direct | Louisiana
LIBERTY BANCORP DENNING, LLC | Direct | Florida
840 Denning LLC | Indirect | Florida
Martin & Company, Inc. | Direct | Tennessee

_________________________
(1) At December 31, 2023, 300,000 shares of non-voting preferred stock issued by this subsidiary are outstanding and are not owned by First Horizon. That preferred stock has an aggregate liquidation preference amount of $300,000,000 and is not participating with the common stock of this subsidiary in the event of liquidation.
Consolidated Subsidiaries of the Bank

Subsidiary of the Bank | Type of Ownership by the Bank | Jurisdiction of Incorporation or Organization
Acadiana Holdings, LLC | Direct | Louisiana
C1 Trustee, Inc. | Direct | North Carolina
Capital Financial Leasing, LLC | Direct | Delaware
FHIS, Inc. FS | Direct | Tennessee
FHN Advisory Services, LLC | Direct | Nevada
FHN Financial Capital Assets Corp. | Direct | Tennessee
FHN Financial Securities Corp. FS | Direct | Tennessee
First Horizon Advisors, Inc. FS | Direct | Tennessee
First Horizon Asset Securities, Inc. | Direct | Delaware
First Horizon CDE 1, LLC | Direct | Tennessee
First Horizon CDE 2, LLC | Direct | Tennessee
First Horizon CDE 3, LLC | Direct | Tennessee
First Horizon Community Development Enterprises, LLC | Direct | Tennessee

| 1 | 2023 FORM 10-K ANNUAL REPORT

EXHIBIT 21
|  | Subsidiaries

Subsidiary of the Bank | Type of Ownership by the Bank | Jurisdiction of Incorporation or Organization
First Horizon Community Investment Group, Inc. | Direct | Tennessee
CC Community Development Holdings, Inc. | Indirect | Tennessee
FHCIG Second Harvest Investment Fund, LLC | Indirect | Tennessee
FHCIG Our House Investment Fund, LLC | Indirect | Tennessee
FHCIG GoTextbooks Investment Fund, LLC | Indirect | Tennessee
First Horizon Insurance Agency, Inc FS | Direct | Georgia
First Horizon Insurance Services, Inc FS | Direct | Tennessee
First Tennessee New Markets Corporation | Direct | Tennessee
FT Building, LLC | Direct | Tennessee
FT Leasing, Inc. | Direct | Tennessee
FTB QOF I, Inc. | Direct | Tennessee
FTB QOF II, Inc. | Direct | Tennessee
FTB QOF III, Inc. | Direct | Tennessee
FTB QOF IV, Inc. | Direct | Tennessee
FTRE Holding, LLC | Direct | Delaware
First Horizon TE1, LLC | Indirect | Delaware
First Horizon Preferred Funding III, Inc. | Indirect | Delaware
First Horizon Preferred Funding IV, Inc. | Indirect | Maryland
FTB Securities Investment II, LLC | Indirect | Delaware
FT Real Estate Securities Company, Inc. | Indirect | Delaware
IB SPE Management, Inc. | Direct | Delaware
IBERIA Civic Impact Partners LLC | Direct | Louisiana
IBERIA Collage Impact Fund, LLC | Indirect | Louisiana
IBERIA NOCHI Impact Fund I, LLC | Indirect | Louisiana
IBERIA NOCHI Impact Fund II, LLC | Indirect | Louisiana
IBERIA Plush Mill Impact Fund, LLC | Indirect | Louisiana
IBERIA VCOM Impact Fund, LLC | Indirect | Louisiana
Iberia Corporate Asset Finance, LLC | Direct | Alabama
Iberia Financial Services, LLC | Direct | Louisiana
IBERIA INVESTMENT FUND I, LLC | Direct | Louisiana
IBERIA CommCare Impact Fund LLC | Indirect | Louisiana
JPO, Inc. | Direct | Tennessee
Mercantile Capital Corporation | Direct | Florida

| 2 | 2023 FORM 10-K ANNUAL REPORT

EXHIBIT 21
|  | Subsidiaries

Selected Non-Consolidated Entities
The following are selected entities affiliated with First Horizon and the Bank which were not consolidated with First Horizon or the Bank at December 31, 2023.

Name | Jurisdiction of Incorporation or Organization
Capital Bank Statutory Trust III | Connecticut
Civitas Statutory Trust I | Delaware
FNB United Statutory Trust I | Connecticut
FNB United Statutory Trust II | Delaware
GreenBank Capital Trust I | Delaware
Greene County Capital Trust II | Delaware
Southern Community Capital Trust III | Delaware
TIBFL Statutory Trust III | Delaware

Other Business Names Used
At December 31, 2023, First Horizon, its subsidiaries, the Bank, the Bank’s subsidiaries, and the Bank’s divisions did business in certain jurisdictions under the following names:
First Horizon
First Tennessee Bank
First Horizon Advisors
First Horizon Home Loans
First Tennessee Home Loans
First Horizon Housing Corporation
First Tennessee Housing Corporation
First Horizon Equity Lending
FHN Financial
FHN Financial Capital Markets
FHN Financial Portfolio Advisors
FHN Financial Municipal Advisors
Martin & Company Investment Counsel
First Horizon Commercial Mortgage Banking
First Horizon Fitness Finance
First Horizon Restaurant Finance
First Horizon SBA Franchise Finance
First Horizon Finance Company
First Horizon Insurance Services
PMC Real Estate Capital
VirtualBank

| 3 | 2023 FORM 10-K ANNUAL REPORT