ACKNOWLEDGMENT AND AGREEMENT

Notice Regarding IBERIABANK Merger

Effective as of the close of business on July 1, 2020 (the “Merger Date”), IBERIABANK, a Louisiana banking corporation (“IBERIABANK”), merged with and into First Horizon Bank, a Tennessee banking corporation (“First Horizon”). First Horizon is continuing to use “VirtualBank” as its trade name for digital banking services and “IBERIABANK” as its trade name for branches, automatic teller machines, and offices previously operated by IBERIABANK. First Horizon is in the process of revising its Bank Documents to identify the bank as “IBERIABANK, a division of First Horizon Bank”; however, some Bank Documents may still refer to the bank as “IBERIABANK” until these changes are made. Bank Documents means all applications, account forms, disclosures, agreements, understandings or other documents, in any media, that govern or relate to any banking or financial products, services, or accommodations.

You (jointly and severally if more than one person opens the account) understand and agree that, as of the Merger Date:

• First Horizon is the financial institution identified under the Bank Documents and is providing services pursuant to the Bank Documents, even though the Bank Documents may identify the bank as “IBERIABANK” or “IBERIABANK, a division of First Horizon Bank”;
• All references to “VirtualBank”, “IBERIABANK” or “IBERIABANK, a division of First Horizon Bank” in the Bank Documents mean “First Horizon Bank”; and
• You are bound by and will comply with, and First Horizon may enforce, all of the covenants, terms, conditions, and obligations in the Bank Documents regardless of the name of the bank used in such Bank Documents.

For any deposit accounts you open, the FDIC requires us to disclose, and you acknowledge and agree, that First Horizon and its banking divisions, IBERIABANK and VirtualBank, are the same FDIC insured institution and deposits held by First Horizon or under its trade names, IBERIABANK and VirtualBank, are not separately insured, but are combined to determine whether a depositor has exceeded the $250,000 federal deposit insurance limit, per depositor for each ownership category.