M&A Deal Summary

First Horizon Acquires IBERIABANK

On November 4, 2019, First Horizon acquired financial services company IBERIABANK

Acquisition Highlights
  • This is First Horizon’s 2nd transaction in the Financial Services sector.
  • This is First Horizon’s 2nd transaction in the United States.
  • This is First Horizon’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2019-11-04
Target IBERIABANK
Sector Financial Services
Buyer(s) First Horizon
Deal Type Merger
Advisor(s) Keefe, Bruyette, & Woods, Inc.
Goldman Sachs (Financial)
Simpson Thacher & Bartlett (Legal)

Target

IBERIABANK

Lafayette, Louisiana, United States
website
IBERIABANK Corp. is a financial holding company with 280 combined offices, including 188 bank branch offices and three loan production offices in Louisiana, Arkansas, Tennessee, Alabama, Texas, and Florida, 23 title insurance offices in Arkansas and Louisiana, mortgage representatives in 57 locations in 10 states. IBERIABANK was founded in 1887 and is based in Lafayette, Louisiana.

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Buyer(S) 1

Buyer

First Horizon

Memphis, Tennessee, United States

website

Category Company
Founded 1864
Sector Financial Services
Revenue 3.1B USD (2021)
DESCRIPTION

First Horizon is a regional financial services company, dedicated to helping clients, communities, and associates unlock their full potential with capital and counsel. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, mortgage, and title insurance services. First Horizon was founded in 1864 and is based in Memphis, Tennessee.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Merger) 2 of 2
State (Louisiana) 1 of 1
Country (United States) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-04 Capital Bank Financial

Charlotte, North Carolina, United States

Capital Bank Financial Corp. is a provider of various commercial and consumer banking, and ancillary financial services.

Buy $2.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-16 Lenders Title Group

Greenbrier, Arkansas, United States

Lenders Title Group is a pre-eminent title insurance agency in the American Southeast, operating in Arkansas, Louisiana and Tennessee, and has diligently served the real estate community for over 100 years. Lenders Title Group was founded in 1987 and is based in Greenbrier, Arkansas.

Sell -
Mergr

Product

Company

Legal