First Horizon says unit to discontinue real-estate lending

First Horizon National Corp said it will discontinue its national home builder and commercial real-estate lending through its First Horizon Construction Lending offices to reduce its national real-estate portfolio.

First Horizon said its First Tennessee banking unit will continue construction lending mainly in Tennessee and the Southeast region.

The company said winding down national builder and real-estate construction lending would speed up its targeted reduction of $2 billion in national real-estate portfolio through 2008.

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- Posted: 2008-01-28 09:22:47

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