Leveraging technology for the creation and distribution of both companies’ products while also providing transparency and educational tools for financial advisors, institutions and issuers, is key to the merger. “First Horizon is truly unique in its ability to provide world-class customer service and modern banking solutions that meet the needs of our clients. First Horizon Advisors is the trade name for wealth management products and services provided by First Horizon Bank and its affiliates. Copies of the registration statement, including the joint proxy statement/prospectus, and the filings with the SEC that will be incorporated by reference in the joint proxy statement/prospectus can also be obtained, without charge, by directing a request to Clyde A. Billings Jr., First Horizon, 165 Madison Ave, Memphis, TN 38103, telephone (901) 523-5679, or Jefferson G. Parker, IBERIABANK, 200 West Congress Street, Lafayette, LA 70501, telephone (504) 310-7314. First Horizon has agreed to a two-year non-compete covenant related to the National Mortgage Business with a carve-out for First Horizon continuing to operate retail mortgage lending in its First Tennessee Bank footprint market (including future markets entered on a de-novo basis or thru acquisition/merger). Founded in 1864, it is the fourteenth oldest United States bank on the list of oldest banks in continuous operation. The combined company will be led by a balanced board and executive leadership team composed of members from both First Horizon and IBERIABANK. Keefe, Bruyette & Woods and Goldman Sachs are serving as financial advisors and Simpson Thacher & Bartlett LLP is serving as legal counsel to IBERIABANK. The companies expect to save $170 million from combining operations. from 8 AM - 9 PM ET. In connection with the proposed transaction, First Horizon will file with the SEC a registration statement on Form S-4 to register the shares of First Horizon's capital stock to be issued in connection with the proposed transaction. I look forward to becoming actively involved in the Nashville community and to working with my colleagues to grow the bank’s footprint in Middle Tennessee.” About First Horizon Like what you see? Thomas said in 2020 FHN will focus more attention on the southwest and southeast regions where the bank’s overall footprint is growing to a size that nears the nation’s largest regional banks. Under the terms of the merger agreement, IBERIABANK shareholders will receive 4.584 shares of First Horizon for each IBERIABANK share they own. INVESTORS AND SHAREHOLDERS OF FIRST HORIZON AND IBERIABANK ARE URGED TO READ, WHEN AVAILABLE, THE REGISTRATION STATEMENT ON FORM S-4, THE JOINT PROXY STATEMENT/PROSPECTUS TO BE INCLUDED WITHIN THE REGISTRATION STATEMENT ON FORM S-4 AND ANY OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT FIRST HORIZON, IBERIABANK AND THE PROPOSED TRANSACTION. The combined company will be headquartered in Memphis, Tenn., and will maintain a significant operating presence in all of the markets in which both companies operate today. The pro forma bank branch footprint is located in 15 of the Top 20 Southern MSAs by population and in 11 states throughout the combined footprint. Information regarding First Horizon's directors and executive officers is available in its definitive proxy statement, which was filed with the SEC on March 11, 2019, and certain of its Current Reports on Form 8-K. Information regarding IBERIABANK's directors and executive officers is available in its definitive proxy statement, which was filed with SEC on March 28, 2019, and certain of its Current Reports on Form 8-K. Other information regarding the participants in the solicitation of proxies in respect of the proposed transaction and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the joint proxy statement/prospectus and other relevant materials to be filed with the SEC. The deep freeze, and Texas power market structure, left the state's public utilities with sky-high wholesale power bills and a trail of burst water pipes. A replay of the call will be available until midnight Central Time on November 11, 2019, by dialing 1-877-344-7529. While serving in this capacity Cordova branch was highest transactional branch in Memphis bank footprint. Separately, we are both formidable organizations with strong track records, great businesses and talented bankers. HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Return on Average Tangible Common Equity of approximately 18%, Return on Average Assets of approximately 1.4%, and. Examples of uncertainties and contingencies include factors previously disclosed in First Horizon's and IBERIABANK's respective reports filed with the U.S. Securities and Exchange Commission (the "SEC"), as well as the following factors, among others: the occurrence of any event, change or other circumstances that could give rise to the right of one or both of the parties to terminate the definitive merger agreement between First Horizon and IBERIABANK; the outcome of any legal proceedings that may be instituted against First Horizon or IBERIABANK; the possibility that the proposed transaction will not close when expected or at all because required regulatory, shareholder or other approvals are not received or other conditions to the closing are not satisfied on a timely basis or at all, or are obtained subject to conditions that are not anticipated; the risk that any announcements relating to the proposed combination could have adverse effects on the market price of the common stock of either or both parties to the combination; the possibility that the anticipated benefits of the transaction will not be realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in the areas where First Horizon and IBERIABANK do business; certain restrictions during the pendency of the merger that may impact the parties' ability to pursue certain business opportunities or strategic transactions; the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; diversion of management's attention from ongoing business operations and opportunities; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the transaction; First Horizon and IBERIABANK success in executing their respective business plans and strategies and managing the risks involved in the foregoing; the dilution caused by First Horizon's issuance of additional shares of its capital stock in connection with the proposed transaction; and other factors that may affect future results of First Horizon and IBERIABANK. FHN Financial reports large strides in its public finance business amid a rebranding and bank merger with eyes on a larger piece of the pie. We look forward to bringing our companies together to better serve our clients and communities. Trust services provided by Bank. Free copies of these documents, when available, may be obtained as described in the preceding paragraph. 45,524 likes. FHN was credited with $2.595 billion of business in 2019 compared to $1.611 billion in 2018, according to data from Refinitiv, with much of last year’s growth achieved in the second half as the merger took effect. First Horizon's (FHN) latest deal will help cater its services in the new markets of Durham, Chapel Hill, and Winston-Salem, NC, as well as fortify the bank's services in Virginia and Georgia. First Horizon Bank. The Company's common stock trades on the NASDAQ Global Select Market under the symbol "IBKC". Bryan Jordan, Chairman and CEO of First Horizon, said, "Our merger of equals with IBERIABANK is an exciting milestone and the logical next step in the continued successful transformation of our company. Since the merger was announced, Thomas said FHN has sought to educate municipal market participants about its underwriting services as well as financial advisory work that may resonate more in certain markets. The company operates approximately 270 bank locations across the Southeast U.S. and 29 FHN Financial offices across the entire U.S. FHN Advisors wealth management group has more than 300 financial professionals and about $4.8 billion in assets under management. (RTTNews) - First Horizon National Corp. (FHN) and IBERIABANK Corp. (IBKC) announced Monday that they have agreed to combine the companies … Our combined new scale, deep experience in financial services and diverse business mix in the South uniquely position us to accelerate our growth and create lasting shareholder value. While Iberia doesn’t have much of a fixed income business, Thomas said the merger benefits FHN’s public finance efforts in terms of branding and visibility at its commercial and retail bank locations throughout the Southeast. "We’re evolving to that next level and are excited about 2020.”. First Horizon Bank and First Horizon Advisors provide consumer and commercial banking and wealth management services. FHN is targeting even bigger growth next year following a November merger between Memphis-based First Horizon and Iberiabank of Lafayette, Louisiana, that will that will make the combined entity a top 25 U.S. bank in deposits with assets totaling more than $75 billion once the deal is completed in 2020. Disneyland amusement park in Anaheim has been closed since March as California struggled to reduce its COVID-19 numbers. MEMPHIS, Tenn. & LAFAYETTE, La., Nov. 4, 2019 /PRNewswire/ -- First Horizon National Corp. ("First Horizon") (NYSE: FHN) and IBERIABANK Corporation ("IBERIABANK") (NASDAQ: IBKC) today announced that they have entered into a definitive agreement under which the companies will combine in an all-stock merger of equals. The pro forma bank branch footprint is located in 15 of the Top 20 Southern MSAs by population and in 11 states throughout the combined footprint. The merger is expected to close in the second quarter of 2020, subject to satisfaction of customary closing conditions, including receipt of customary regulatory approvals and approval by the shareholders of each company. U.S. Treasuries were off by five basis points but municipals saw aggressive eight to 10 basis point swings to higher yields across the curve. Jim Cramer: First Horizon Is a Gem Among the Regional Banks But FHN bank CEO Bryan Jordan faces a big challenge in getting investors to recognize that fact. Cision Distribution 888-776-0942 Once the merger … California Insurance License # … 7/28/2020 CRA Data Analyst - Location: First Horizon Bank Footprint ^company_name^ Memphis, TN. First Horizon looks priced for high single-digit to low double-digit annualized returns, which isn't bad, but I like to pay $0.90 (or less) for a dollar of value and bank stocks are no exception. The combined organization will have $75 billion in assets, $57 billion in deposits and $55 billion in loans. Mainstreaming some emergency measures would provide the Department of Design and Construction more contracting flexibility, said first deputy commissioner Jamie Torres-Springer. ... First Horizon has sizable footprint … When typing in this field, a list of search results will appear and be automatically updated as you type. FHN Financial, which operates partly through a division of First Horizon Bank and partly through subsidiaries, is an industry leader in fixed income sales, trading, and strategies for institutional clients in the U.S. and abroad. Both companies' longstanding commitments to serve their communities will remain central to the combined organization's future. The Company's Series B Preferred Stock, Series C Preferred Stock, and Series D Preferred Stock also trade on the NASDAQ Global Select Market under the symbols "IBKCP", "IBKCO", and "IBKCN", respectively. First Horizon National Corp. (NYSE:FHN), with $86 billion in assets, is a leading regional financial services company, dedicated to strengthening the lives of our associates, clients, shareholders, and communities. First Horizon and IBERIABANK will conduct a live conference call to discuss the transaction at 8:30 a.m. Central Time today. IberiaBank and First Horizon Bank announced July 2 that they completed the previously announced merger of equals. Investment management services, investments, annuities and financial planning available through First Horizon Advisors, Inc., member FINRA, SIPC, and a subsidiary of Bank. Presentation slides will be available on both the First Horizon website (www.firsthorizon.com) and the IBERIABANK website (www.iberiabank.com). By joining forces with First Horizon, we will create an organization that has the resources to invest in advanced technologies and expand lending capacity and product offerings for our combined clients. Forward-looking statements are necessarily based upon estimates and assumptions that are inherently subject to significant business, operational, economic and competitive uncertainties and contingencies, many of which are beyond the control of First Horizon and IBERIABANK, and many of which, with respect to future business decisions and actions, are subject to change and which could cause actual results to differ materially from those contemplated or implied by forward-looking statements or historical performance. Thomas noted that roughly 66% of FHN’s par amount was executed in the last six months of the year largely driven by issuers seeking low taxable interest rates for refundings. The company is recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. bank. The banking subsidiary was founded in 1864 and has the largest deposit market share in Tennessee. It is the holding company for First Tennessee Bank and FTN Financial. 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