SunTrust Banks STI has announced a deal to divest 30 branches across North Carolina, Virginia and Georgia to First Horizon National Corp. FHN. The transaction, expected to close early next year, is still subject to regulatory approval. As part of the deal, First Horizon will assume deposits worth nearly $2.4 billion for a premium of 3.40%, and roughly $410 million in loans. Notably, this is not related to First Horizon's planned acquisition of IBERIABANK Corporation IBKC, which was announced last week. (Read more: First Horizon & IBERIABANK to Merge With $75B in Assets) SunTrust Chairman and CEO Bill Rogers said, "First Horizon is recognized in the industry for its outstanding customer service and commitment to a positive culture. We are pleased to have found a buyer that will retain the jobs of talented teammates and continue to foster the strong client relationships we have established in these branches."