First Tennessee Partners With CompuPay to Offer Payroll Services to Business Clients

August 2006

NASHVILLE, Tenn., Aug. 23 - CompuPay, Inc. (www.compupay.com), one of the country's leading providers of payroll, tax filing and HR-related services, today announced it has been chosen as the exclusive payroll provider for business customers of First Tennessee Bank, which is part of First Horizon National Corp. (FHN) (www.fhnc.com).

First Tennessee has the largest business and consumer banking market share in Tennessee and one of the highest customer retention rates of any bank in the country.

The relationship with CompuPay will give First Tennessee's business clients access to CompuPay's wide array of payroll services, which include processing by PC, phone, fax or Internet. Additionally, these clients can take advantage of a number of CompuPay's complementary selection of payroll-related and human resources services.

"We have worked with First Tennessee for the past four years and have greatly valued the relationship," said Kathey Palmer, vice president of marketing and business development for CompuPay. "Today, CompuPay can offer First Tennessee business clients an even greater range of payroll services along with our expanded sales force to support local branch activities. First Tennessee has an excellent reputation within the banking industry overall as well as here in Tennessee and we are pleased to be selected as their primary payroll resource."

"We are very excited about the services that CompuPay enables us to offer to our business customers," said Deb Peterson, senior vice president of business development for First Tennessee Bank. "CompuPay shares our commitment to providing quality customer service."

CompuPay, Inc. was founded in 1980 and today is the largest privately-held payroll company in the U.S. and among the top five overall. Its growing network of local offices processes payroll for thousands of companies ranging in size from one to over 10,000 employees in all 50 states. The company offers payroll and employer-related services to clients seeking highly flexible, innovative solutions to meet their growing business needs.