There are 16 article(s) tagged Bryan Jordan:
Following the announcement Thursday, which saw First Horizon’s stock down nearly 40%, First Horizon chairman and CEO Bryan Jordan spoke with The Daily Memphian to answer questions related to the terminated merger.
Under the terms of the termination agreement, TD Bank Group will make a $200 million cash payment to First Horizon on top of the $25 million fee due to First Horizon pursuant to the merger agreement. Q&A: What the First Horizon CEO has to say after the termination of TD dealRelated stories:
Because there is uncertainty as to if and when regulatory approvals can be obtained, both banks agreed to terminate the merger agreement.
If shareholders approve the nominees, the AutoZone board will include three women, or 30%, and three people of color, also 30%.
“The Southeast and the south of the U.S. was particularly important to us strategically,” Toronto-Dominion Bank CEO Bharat Masrani said. He noted that the region’s population growth is expected to be 50% higher than the national average.
During Monday’s luncheon, both FHN and TD Bank N.A. CEOs stressed Memphis’ ongoing role in new institution’s operations.
The luncheon, which will be held at 11:30 a.m. at the Holiday Inn at the University of Memphis, will feature a conversation on TD’s acquisition of FHN.
The transaction is expected to close early next year.
In an updated proxy statement, FHN directs employees on answering client questions about the merger, including questions about its continued involvement in the region.
FHN president and CEO Bryan Jordan said in a statement released Tuesday that higher long-term rates and global uncertainty impacted operations. Jordan also said FHN is “well positioned” to benefit from rising short-term rates.
A Canadian banking and financial firm will pay $25 a share, a 37% premium on FHN’s last close. Shares of the Memphis-based financial institution were up nearly 32% in early trading.
Full-year adjusted earnings per share rises 17.7% as First Horizon realizes benefits from its 2017 acquisition of Capital Bank and looks forward to integrating its merger of equals with Iberiabank.
First Horizon National Corp. unveiled its new logo and building signage as part of a rebranding of all business units companywide.
Memphis-based banking holding company surpasses estimates for earnings and revenue in solid second quarter.
First Horizon CEO Bryan Jordan says the Memphis-based financial services company will be operating from "a position of strength in 2019" as its merger with Capital Bank takes hold.
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