LETTERHEAD OF FIRST HORIZON]
Exhibit 99.1
[LETTERHEAD OF FIRST HORIZON]
December 17, 2010
Ladies and Gentlemen:
In connection with the issuance and sale of 26,316,249 shares of common stock, par value
$0.625 per share, of First Horizon National Corporation, a Tennessee corporation (the “Company”)
pursuant to the Underwriting Agreement, dated December 13, 2010, between the Company and Xxxxxxx,
Xxxxx & Co., X.X. Xxxxxx Securities LLC, Xxxxxx Xxxxxxx & Co. Incorporated and the several
underwriters listed therein, I (or counsel acting under my supervision) have examined such
corporate records, certificates and other documents, and such questions of law, as I (or counsel
acting under my supervision) have considered necessary or appropriate for the purposes of this
opinion. Upon the basis of such examination, it is my opinion that:
(1) The Company has been duly incorporated and is an existing corporation in good standing
under the laws of the State of Tennessee.
(2) The Shares have been validly issued and are fully paid and non-assessable.
The foregoing opinion is limited to the laws of the State of Tennessee, and I am expressing no
opinion as to the effect of the laws of any other jurisdiction.
Also, I have relied as to certain matters upon information obtained from public officials,
officers of the Company and other sources believed by me to be responsible, and I have assumed that
the certificates for the Shares conform to the specimen thereof examined by me (or
counsel acting under my supervision) and have been duly countersigned by a transfer agent and
duly registered by a registrar of the Common Stock, as applicable, and that the signatures on all
documents examined by me (or counsel acting under my supervision) are genuine, assumptions which I
have not independently verified.
This letter is furnished by me, solely in my capacity as General Counsel of the Company. I
hereby consent to the filing of this opinion as an exhibit to the Company’s Current Report on Form
8-K and, through incorporation, to the Company’s Registration Statement on Form S-3 (File No.
333-150448). In giving such consent, I do not thereby admit that I am in the category of persons
whose consent is required under Section 7 of the Securities Act of 1933.
| Very truly yours, |
||||
| /s/ Xxxxxxx X. Xxxxxx, Xx. | ||||
| Xxxxxxx X. Xxxxxx, Xx. | ||||
| Executive Vice President and General Counsel, First Horizon National Corporation | ||||
