Beth Ardoin, communications director for the Lafayette-based bank, says the move is part of the bank’s effort to spread critical operations over several cities and geographic areas — the bank boasts branches in six states and mortgage reps in 12 states — in order to avoid service interruptions amid natural disasters or other emergencies.
“Following hurricanes Katrina and Rita, banks with centralized operation sites, particularly in the South, were unable to service their clients,” Ardoin says. “Having multiple operation sites, which we had at that time, allows us to provide continuous support to our clients across our 12-state footprint. For example, when one area faces severe weather issues, the bank continues to operate without a hitch.”
The expansion of IberiaBank’s Birmingham operations is also attributed in part to the growth that IberiaBank has experienced in that market since it purchased Birmingham-based Century Bank in a 2009 failed bank acquisition, Ardoin says. IberiaBank’s website lists six branches in Birmingham, and Ardoin says the bank is opening another branch there this year.
The 15 New Iberia employees have the option of transferring to Birmingham, Ardoin says, or applying for another open position within the company.
“Birmingham does offer a great deal of banking talent, since several large banks have been headquartered there over a long period of time,” Ardoin says. “However, we also have ‘back-office’ personnel in other locations, such as other cities across Louisiana, Arkansas and Florida. Again, our primary goal is to provide our clients uninterrupted banking services at all times and having key personnel located in various geographic locations helps us achieve that objective.”
It’s highly likely that the largest city in Alabama is indeed home to an experienced pool of banking talent, as Birmingham served as the one-time headquarters of four big banks — SouthTrust, AmSouth, Compass and Regions — according to the Higley 1000, a website that ranks and profiles the most affluent neighborhoods in the U.S. But when the housing bubble and subsequent recession struck banks across the globe, three of the four large Birmingham banks merged with other financial institutions, Higley reports, which leaves only one big bank that’s based in Birmingham: Regions, the 10th largest in the country.
The Houston firm said Friday in its weekly report that 1,575 rigs were exploring for oil and 338 for gas. One was listed as miscellaneous. A year ago there were 1,776 active rigs.
It will be next month before Gov. Bobby Jindal will likely get a chance to change the membership of a South Louisiana flood board that is suing dozens of oil, gas and pipeline companies.
Newly established honor recognizes outstanding local attorneys; Neuner and McGoffin win President's Award; and Blanchard named Outstanding Young Lawyer.
Daily paper constructing new digs near production plant on Rieger Road at Siegen Lane, near I-10.
Investigation finds Arnaud’s Furniture, Carroll Building Specialties and Crazy Charlie’s Shoes running misleading going-out-of-business sales.
Critics say workers and retirees are being held responsible for the Jindal administration's mismanagement of their program.
Potenza Marketing makes fastest-growing companies list.
Local 101 class Friday
“Byzantine” is the word members of the nominating committee for the local flood protection authority often use to describe the complicated, multi-layered matrix of qualifications that must be met to fill a vacancy on that board.
In the Pelican State, Benjamin Franklin buys you about $109 worth of stuff.
Brittan Bush joins Liskow & Lewis, Blake David installed as the Third District Member of the Louisiana State Bar Association’s board of governors, and Simien & Miniex announces 2014 scholarship winners.
“In some cases, we’ve found that these parts are nothing more than used junk yard parts. In others, we’ve found them to be foreign knock-off parts of questionable quality.”
The old Daily Advertiser building on Jefferson Street is being rehabbed as the owner prepares to move it back into commerce.
Its fourth leader gone after two years on the job, the facility struggles to balance the tension between its two missions.
Hub City Cycles hits the ground running through small-business center opportunity.
The future of the coastal loss lawsuit could rest in hands of board’s nominating committee.
Leaders from the local tech community ponder the question: What's missing from Acadiana's tech ecosystem?
AT&T’s U-verse heads our way. Here’s what it means for you.
LITE’s virtual environments are changing the way local employees learn how to do their jobs.
Local tech gurus will go the distance to call Lafayette home.
A look at recent hires, promotions and other news from Acadiana's business community.
New Johnston Street eatery catapults to No. 1 spot in nearly 200-location chain.
By identifying companies that match the output of its post-secondary educational institutions, Lafayette is creating opportunities that keep highly trained graduates in the area.
Gideon’s Promise lauds G. Paul Marx’s work to improve the quality of indigent defense and helps train five new public defenders.
What will INNOV8 4.0 look like?