William Losch, CFO of First Horizon Corporation, will be departing the company, effective July 31, to pursue another opportunity at Live Oak Bancshares. Anthony Restel, chief operating officer at First Horizon, will serve as interim CFO following Losch’s departure until a permanent successor is named.

“We are incredibly fortunate to have tremendous depth of talent across the combined organization,” Bryan Jordan, president and CEO of First Horizon, said. “I am pleased to have Anthony, former IBERIABANK chief financial officer, serve as our CFO on an interim basis while we conduct a thorough search. His expertise and familiarity with our culture and company will help ensure that we have continued momentum toward integrating our two organizations and achieving our goal of becoming a top-performing regional bank.

“[William] has made significant contributions to the First Horizon organization over the last 12 years. He has been instrumental in executing our growth strategy through times of great change and unprecedented headwinds. We will miss him, but we wish him well as he starts the next chapter in his career with an opportunity to move back to North Carolina.”

Restel is currently responsible for strategic initiatives, information technology, corporate operations, business transformation and corporate security. He will continue to play a role with integration activities. Randy Bryan and Yousef Valine will continue to lead the merger project office.

Prior to First Horizon, Restel served as CFO for IBERIABANK from 2006 to 2020, where he also presided over information technology, deposit operations, business transformation and corporate security. He also served as IBERIABANK’S chief credit officer from 2006 to 2009.