First Horizon Announces Organizational Changes

MEMPHIS, Tenn., Sept. 30, 2021 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or the "Company") today announced that effective November 1, 2021, Anthony Restel will become President of Regional Banking and continue to serve as interim Chief Financial Officer until a successor is named, Tammy LoCascio will become Chief Operating Officer and Tanya Hart will become Chief Human Resources Officer.

Restel and LoCascio will continue to report to President and Chief Executive Officer Bryan Jordan and Hart will continue reporting to LoCascio. Restel is replacing Michael Brown who plans to retire to pursue personal interests and will stay until year end to help ensure a seamless transition.

"Anthony's 25 years of experience and depth of knowledge give him a unique and valuable perspective to help lead the Regional Banking business as we enter the next phase of our strategic growth plans," said Bryan Jordan, President and CEO of First Horizon. "I am confident that his leadership will help ensure that we are well positioned to capitalize on the power of our expanded franchise geographic footprint in higher growth markets as the team continues to focus on delivering for clients and meeting our performance objectives."

Jordan continued, "The strength on our team affords us the opportunity to align talent with opportunities. As Chief Operating Officer, I am confident that Tammy will be instrumental in continuing to advance our technological capabilities and operational efficiencies. Tanya's years of experience and track record of success on the human resources team position her well to lead our efforts in making our company a great place to work for our associates."

Jordan continued, "We thank Michael for his contributions and leadership particularly over the past two years which have involved extraordinary change and unprecedented challenges. We wish him all the best in this next chapter."

"I am so very proud of the growth and extraordinary accomplishments we've achieved throughout my 22 years the Company," said Michael Brown.  "Most importantly, I value and appreciate the people who made it all happen. This was a tough decision, but it is the right time for my family. Based on the incredible talent and relentless drive throughout the organization, I remain confident in the Company's ability to achieve its goal of becoming of a top-performing regional bank."

Anthony Restel
Restel has been Chief Operating Officer since July, 2020 and Interim Chief Financial Officer since August, 2021. His banking career began at First National Bank of Commerce and Bank One Louisiana where he held numerous client-facing positions. He joined IBERIABANK in 2001 where he has held numerous leadership roles including Chief Financial Officer and responsibilities for information technology, operations and security.  Restel also served as the Chief Credit Officer of IBERIABANK from 2006 to 2009.

Tammy LoCascio
LoCascio has been Chief Human Resources officer since July, 2020. She joined First Horizon in 2011 to lead project management initiatives for the retail bank and build the line of business organization. She then led consumer banking with responsibilities for retail, private client, wealth management, small business, mortgage and the call centers as well as consumer strategy and support. Prior to joining First Horizon, she held several executive leadership roles including Mid-South region chief administrative officer at Regions Bank, director of retail banking at Union Planters Bank and training director and retail executive at National City Bank. 

Tanya Hart
Hart has been Executive Vice President of Executive Compensation and Total Rewards since January, 2017.  She joined First Horizon in  1991 and has held numerous roles with human resources including training, financial planning and is currently responsible for compensation, benefits and human resources operations.

About First Horizon 
First Horizon Corp. (NYSE: FHN), with $87.9 billion in assets as of June 30, 2021, is a leading regional financial services company, dedicated to strengthening the lives of our associates, clients, shareholders, and communities. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. 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 has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.

Forward-Looking Statements
This communication contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21 E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act") with respect to FHN's beliefs, plans, goals, expectations, and estimates. Forward-looking statements are not a representation of historical information, but instead pertain to future operations, strategies, financial results or other developments. The words "believe," "expect," "anticipate," "intend," "estimate," "should," "is likely," "will," "going forward" and other expressions that indicate future events and trends identify forward-looking statements.

Forward-looking statements are necessarily based upon estimates and assumptions that are inherently subject to significant business, operational, economic and competitive uncertainties and contingencies, many of which are beyond the control of FHN, and many of which, with respect to future business decisions and actions, are subject to change and which could cause actual results to differ materially from those contemplated or implied by forward-looking statements or historical performance. Examples of uncertainties and contingencies include factors previously disclosed in FHN's respective reports filed with the U.S. Securities and Exchange Commission (the "SEC"), as well as the following factors, among others: the possibility that the anticipated benefits of FHN's 2020 merger with IBERIABANK Corporation (the "2020 merger") will not be realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in any or all of FHN's market areas; the possibility that the 2020 merger may be more expensive to integrate than anticipated, including as a result of unexpected factors or events; diversion of management's attention from ongoing business operations and opportunities; potential adverse reactions or changes to business or employee relationships resulting from the 2020 merger; FHN's success in executing its business plans and strategies following the 2020 merger, and managing the risks involved in the foregoing; the potential impacts on FHN's businesses of the coronavirus COVID-19 pandemic, including negative impacts from quarantines, market declines, and volatility, and changes in client behavior related to COVID-19; the known and potential impacts on FHN's businesses, integration plans related to the 2020 merger, clients, and communities associated with Hurricane Ida and future violent weather events; and other factors that may affect future results of FHN.

FHN cautions that the foregoing list of important factors that may affect future results is not exhaustive. Additional factors that could cause results to differ materially from those contemplated by forward-looking statements can be found in FHN's annual report on Form 10-K for the year ended December 31, 2020, and its quarterly reports on Form 10-Q for the periods ended March 31, 2021 and June 30, 2021, all filed with the SEC and available on the SEC's website, https://www.sec.gov, and also available in the "Investor Relations" section of FHN's website, https://www.FirstHorizon.com, under the heading "SEC Filings," and in other documents FHN files with the SEC.

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SOURCE First Horizon Corporation