Company type | Subsidiary |
---|---|
Nasdaq: IBKC | |
Industry | Finance |
Founded | 1987New Iberia, Louisiana, United States | , in
Headquarters | Lafayette, Louisiana |
Key people | Daryl G. Byrd (MBA president, CEO & Director)[1] |
Products | Banking |
Revenue | US$ 1.2 billion (core) (2018)[2] |
US$ 370.25 million (2018)[2] | |
Total assets | US$ 30.8 billion (2018)[3] |
Total equity | US$ 3.90 billion (2018)[3] |
Number of employees | 3,441 (2019) |
IBERIABANK Corporation, stylized as IBERIABANK, was an American financial holding company headquartered in Lafayette, Louisiana, and the largest bank based in the state. Founded in 1887, it had 325 combined locations, including 190 bank branches and three loan production offices in 12 states primarily throughout the South. The company had 16 wealth management locations in five states, and one Iberia Capital Partners office in New Orleans.
IBERIABANK was an FDIC-insured institution regulated by the Office of the Comptroller of the Currency. On March 31, 2009, as the 2007–2008 financial crisis came to an end, IberiaBank became the first financial institution in the country to repay its TARP funds to the Treasury.
In November 2019, IBERIABANK Corporation and Memphis, Tennessee-based First Horizon Corporation agreed to merge. The combined bank is based in Memphis and uses the First Horizon name. The merger closed July 2, 2020.
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