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IBERIABANK and First Horizon National finalize merger

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Posted at 8:52 AM, Jul 02, 2020
and last updated 2020-07-02 09:52:36-04

The previously announced merger between IBERIABANK and First Horizon National Corp has been finalized.

The companies announced the completion of the all-stock merger of equals in a press release on Thursday, July 2.

The combined company will be headquartered in Memphis, Tennessee and operate under the First Horizon name, according to the release.

"The completion of this merger marks a significant milestone for our clients, associates, shareholders and communities," said Bryan Jordan, President and CEO of First Horizon. "The combined company's enhanced scale, diversified business model and expertise in financial services uniquely position us to better serve our clients and communities, accelerate our growth and create long-term shareholder value."

The company said that clients of both First Horizon and IBERIABANK will continue to be served through their respective branches, websites, mobile apps, financial advisors and relationship managers until the systems are integrated.

IBERIABANK will adopt the First Horizon name following the integration in mid-2021.

To read more on the merger, click here.

In June, the Board of Governors of the Federal Reserve System approved the merger between the two companies.

Read more here: IBERIABANK and First Horizon National receive regulatory approvals for merger

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