First Horizon National Corporation operates as a holding company for First Tennessee Bank National Association, which provides various financial services in the United States. The company offers retail and commercial banking, mortgage banking, and capital markets services. It provides general banking services for consumers, businesses, financial institutions, and governments; mortgage banking services; transaction processing, such as credit card merchant processing, nationwide check clearing services, and remittance processing; and trust, fiduciary, and agency services. The company also offers credit card products, discount brokerage and full-service brokerage, venture capital, equipment finance, investment and financial advisory services, mutual fund sales as agent, retail and commercial insurance sales as agent, private mortgage reinsurance, and services related to health savings accounts. In addition, it offers sales, trading, and underwriting of bank-eligible securities and other fixed-income securities; distribution of mortgage loans; advisory services; equity sales, trading, and research; and various investment banking services. On December 31, 2006, the company had over 600 business locations, 229 financial centers, and 187 FC5s. The company was founded in 1968 and is headquartered in Memphis, Tennessee.