First Horizon National Corp’s $3.9 Billion Acquisition Of IberiaBank Corp.

Sullivan & Cromwell LLP is representing First Horizon National Corp.

Sullivan & Cromwell LLP is representing First Horizon National Corp in the merger of equals with IberiaBank Corp.

The transaction, which is expected to close during the second quarter of 2020, is the latest on which S&C has advised First Horizon; the Firm previously represented the bank in its acquisition of Capital Bank Financial Corp. in 2017. The First Horizon/IberiaBank transaction is expected to be the second-largest bank merger of 2019.

The S&C team advising First Horizon is jointly led by Mitch Eitel (Picture), managing partner of the S&C financial services practice, and senior chairman Rodge Cohen, and includes associates Yael Tzipori, Emily Hantverk, Sammy Tang and Keith Pulling. Corporate partner Marc Treviño, together with Special Counsel Rebecca Coccaro and associates Amanda Toy and Traci Biedermann advised on executive compensation and benefits and employment matters. Tax partner Davis Wang, together with associates Daniel Bleiberg and Eran Levy advised on tax matters.

Involved fees earner: Traci Biedermann – Sullivan & Cromwell; Daniel Bleiberg – Sullivan & Cromwell; Rebecca Coccaro – Sullivan & Cromwell; Rodgin Cohen – Sullivan & Cromwell; Mitchell Eitel – Sullivan & Cromwell; Emily Hantverk – Sullivan & Cromwell; Eran Levy – Sullivan & Cromwell; Sammy Tang – Sullivan & Cromwell; Amanda Toy – Sullivan & Cromwell; Marc Trevino – Sullivan & Cromwell; Davis Wang – Sullivan & Cromwell;

Law Firms: Sullivan & Cromwell;

Clients: First Horizon National Corp;