Exhibit 99.1
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FOR IMMEDIATE RELEASE
CONTACT:
Daryl G. Byrd, President and CEO (337)521-4003
Jefferson G. Parker, Vice Chairman, Director of Capital Markets, Energy Lending and Investor Relations (504)310-7314
IBERIABANK Corporation Shareholders Approve Merger of Equals with First Horizon
National Corporation
LAFAYETTE, La., April 24, 2020/ -- IBERIABANK Corporation (NASDAQ: IBKC), holding company of the133-year-old IBERIABANK (www.iberiabank.com), received shareholder approval for the merger of equals between IBERIABANK Corporation and First Horizon National Corporation (NYSE: FHN). At a special meeting of shareholders held today, 95.67% of the shares voted were cast in favor of theall-stock merger of equals with First Horizon.
Daryl G. Byrd, President and Chief Executive Officer, commented, “We are pleased to have received overwhelming shareholder support for the pending merger with First Horizon. The combination of these two regional banking companies will provide a superior platform to better serve our stakeholders and communities. The resulting organization will deliver highly diversified businesses, produce complimentary revenue streams, expand the product capabilities of both companies, and strengthen our position in high growth, attractive markets.”
Once the transaction is complete, the combined organization will be one of the largest financial services companies headquartered in the South. The merger is expected to be completed in the second quarter of 2020, pending receipt of the remaining regulatory approvals and other customary closing conditions.
IBERIABANK Corporation is a financial holding company with locations in Louisiana, Arkansas, Tennessee, Alabama, Texas, Florida, Georgia, South Carolina, North Carolina, Mississippi, Missouri, and New York offering commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, mortgage, commercial leasing and equipment financing, and title insurance services.
Forward-Looking Statements:
This communications contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to IBKC’s and First Horizon’s beliefs, plans, goals, expectations, and estimates. Forward-looking statements are not a representation of historical information, but instead pertain to future operations, strategies, financial results or other developments. The words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “should,” “is likely,” “will,” “going forward” and other expressions that indicate future events and trends identify forward-looking statements.