LEGAL/POLICY

Federal Reserve Board Okays Application By First Horizon National Corporation

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By Emmanuel Oluebube

The Federal Reserve Board on Monday, June 15, 2020 announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by First Horizon National Corporation, Memphis, Tennessee, to merge with IBERIABANK Corporation and thereby indirectly acquire its subsidiary state member bank, IBERIABANK, both of Lafayette, Louisiana.

The Board also approved the proposals under section 18(c) of the Federal Deposit Insurance Act and section 9 of the Federal Reserve Act by First Horizon Bank, Memphis, Tennessee, to merge with IBERIABANK and to establish and operate branches at the locations of the main office and branches of IBERIABANK.

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