On July 1, 2020, IBKC completed its previously announced merger of equals with IBKC. On the Closing Date, IBKC merged with and into First Horizon, with First Horizon continuing as the surviving corporation. Upon closing of the Merger, the separate existence of IBKC ceased. At the Effective Time, in accordance with the terms the Merger Agreement, all of IBKC’s directors ceased serving as directors of IBKC, and the board of directors of First Horizon took action to expand the size of the board of First Horizon to seventeen (17). To fill the vacancies resulting from the increased size of the First Horizon and the voluntary resignation of three First Horizon directors prior to the Effective Time, the following individuals, each of whom was a member of the board of directors of IBKC immediately prior to the consummation of the Merger, were appointed to the board of directors of First Horizon and of First Horizon Bank: Daryl G. Byrd, Harry V. Barton, Jr., John N. Casbon, William H. Fenstermaker, J. Michael Kemp, Sr., Rick E. Maples, E. Stewart Shea, III and Rosa Sugrañes (collectively, the “New First Horizon Directors”). Ernest P. Breaux, Jr. and John E. Koerner III, each of whom is not a New First Horizon Director, voluntarily resigned as directors of IBKC effective as of the Effective Time. Also at the Effective Time, in accordance with the terms of the Merger Agreement, all of IBKC’s executive officers ceased serving as executive officers of IBKC. At the Effective Time, Daryl G. Byrd, the former President and Chief Executive Officer of IBKC, was appointed as Executive Chairman of First Horizon, Terry Akins was appointed as Chief Risk Officer of First Horizon, Michael Brown was appointed as President, Regional Banking of First Horizon, Beth Ardoin was appointed as Chief Communications Officer of First Horizon, and Anthony Restel was appointed as Chief Operating Officer of First Horizon.