First Horizon, IberiaBank combining in stock deal

LAFAYETTE, La. (AP) — Tennessee-based First Horizon and the Louisiana-based IberiaBank are combining in a deal worth $3.9 billion.
The regional banking companies announced what they are calling a “merger of equals” in a statement Monday. The combined company will have its headquarters in Memphis, Tennessee, and a regional banking center in New Orleans.
The new company will have $75 billion in assets and market capitalization of $9 billion after the all-stock deal closes next ye