MEMPHIS, Apr 28, 2020 (GLOBE NEWSWIRE via COMTEX) --
MEMPHIS, Tenn., April 28, 2020 (GLOBE NEWSWIRE) -- First Horizon National Corp. ("First Horizon")
today announced that Ellen A. Taylor will join the Company as Executive Vice President and Head of Investor Relations in June of 2020. She will report to William C. (BJ) Losch, III, Chief Financial Officer. Aarti Bowman, who has managed investor relations for the past 11 years, will now report to Taylor.
Taylor will be responsible for cultivating and expanding First Horizon's relationship with the investment community. She will lead the Company's financial communications while working closely with the executive team to enhance further the focus on maximizing shareholder value.
"We are incredibly pleased to welcome Ellen to the team," said BJ Losch, First Horizon's Chief Financial Officer. "She brings over three decades of experience in financial services, capital markets and investor relations. As a well-respected, strategic leader with a deep understanding of investor strategy, outreach and communications, Ellen will be an invaluable resource to our investors, management team and the board as we work to ensure a seamless integration with IBERIABANK Corporation and create a leading southern financial services firm. Given the investment community's strong recognition of Ellen and Aarti's efforts, I am confident that First Horizon will have an unparalleled investor relations platform as we enter this next phase of our history."
"I am thrilled to join First Horizon at such a transformational time," said Taylor. "I look forward to partnering with the leadership team to help communicate First Horizon's strategic value proposition and drive enhanced value for the firm while working to deliver a best-in-class experience for the Company's key stakeholders."
About Ellen A. Taylor
Taylor has more than 30 years of financial services, capital markets and investor relations experience. She joins First Horizon from Citizens Financial Group, Inc., a regional bank headquartered in Providence, Rhode Island, with $177 billion in assets. At Citizens Financial, Taylor was responsible for building out the equity and fixed income investor relations platform and helping execute the largest U.S. retail bank IPO in history while partnering with senior management around corporate strategy, M&A, financial information and relative-value analysis.
Prior to joining Citizens Financial in 2014, Taylor held several executive roles, including Managing Director, Head of Investor Relations at BlackRock, Inc., Principal at the McIver Taylor Group, an investor relations consultancy firm, and Director of Investor Relations at Wells Fargo & Company. Taylor holds a bachelor's degree from Salem College and a master of business administration degree from Fuqua School of Business at Duke University.
Forward Looking StatementsThis communication contains certain "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 (the "Securities Act"), and Section 21 E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act") with respect to First Horizon's and IBERIABANK'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.
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. 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; the potential impacts on First Horizon's and IBERIABANK's businesses of the coronavirus COVID-19 pandemic, including negative impacts from quarantines, market declines and volatility, and changes in customer behavior related to COVID-19; and other factors that may affect future results of First Horizon and IBERIABANK.
We caution that the foregoing list of important factors that may affect future results is not exhaustive. Additional factors that could cause results to differ materially from those contemplated by forward-looking statements can be found in First Horizon's Annual Report on Form 10-K for the year ended December 31, 2019 filed with the SEC and available in the "Investor Relations" section of First Horizon's website, www.FirstHorizon.com , under the heading "SEC Filings" and in other documents First Horizon files with the SEC, including its registration statement on Form S-4 (reg. no. 333-235757) and filings related to that registration statement, and in IBERIABANK's Annual Report on Form 10-K for the year ended December 31, 2019 with the SEC and available in the "Investor Relations" section of IBERIABANK's website, www.IBERIABANK.com , under the heading "Financials & Filings" and in other documents IBERIABANK files with the SEC.
Important Other Information
In connection with the proposed transaction, First Horizon has filed with the SEC a registration statement on Form S-4 (reg. no. 333-235757) to register the shares of First Horizon's capital stock to be issued in connection with the proposed transaction. The registration statement includes a joint proxy statement of First Horizon and IBERIABANK, dated March 19, 2020, addressed to the shareholders of First Horizon and IBERIABANK seeking their approval of the proposed transaction. This communication does not constitute an offer to sell or a solicitation of an offer to buy any securities or a solicitation of any vote or approval. INVESTORS AND SHAREHOLDERS OF FIRST HORIZON AND IBERIABANK ARE URGED TO READ THE REGISTRATION STATEMENT ON FORM S-4, THE JOINT PROXY STATEMENT/PROSPECTUS 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.
Investors and shareholders are able to obtain a free copy of the registration statement, including the joint proxy statement/prospectus, as well as other relevant documents filed with the SEC containing information about First Horizon and IBERIABANK, without charge, at the SEC's website ( http://www.sec.gov ). 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 Avenue, Memphis, TN 38103, telephone (901) 523-5679, or Jefferson G. Parker, IBERIABANK, 200 West Congress Street, Lafayette, LA 70501, telephone (504) 310-7314.
About First HorizonFirst Horizon National Corp. /zigman2/quotes/207362765/composite FHN +6.10% provides financial services through First Horizon Bank, First Horizon Advisors, and FHN Financial businesses. The banking subsidiary was founded in 1864 and has the largest deposit market share in Tennessee. The company operates approximately 270 bank locations across the Southeast U.S. and 29 FHN Financial offices across the entire U.S. First Horizon Advisors wealth management group has more than 300 financial professionals and about $4.8 billion in assets under management. FHN Financial is a capital markets industry leader in fixed income sales, trading and strategies for institutional customers in the U.S. and abroad. 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. More information is available at www.FirstHorizon.com .
Contact: First Horizon Media Relations, Silvia Alvarez, (901) 523-4465
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