Subsidiaries
The following are lists of consolidated subsidiaries of First Horizon Corporation (“First Horizon”) and of First Horizon Bank (the “Bank”) at December 31, 2022. 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 |
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(1) At December 31, 2022, 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 Financial Main Street Advisors, 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 |
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| 1 | 2022 FORM 10-K ANNUAL REPORT |
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| 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 |
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, Inc. | Indirect | Delaware |
| First Horizon Preferred Funding II, Inc. | 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 |
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| 2 | 2022 FORM 10-K ANNUAL REPORT |
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, 2022.
| | | | | |
| 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, 2022, 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 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
First Horizon Advisors
First Horizon Commercial Mortgage Banking
First Horizon Fitness Finance
First Horizon Restaurant Finance
First Horizon SBA Franchise Finance
First Horizon Finance Company
IBERIA Wealth Advisors
PMC Real Estate Capital
VirtualBank
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| 3 | 2022 FORM 10-K ANNUAL REPORT |
