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.
Facing opposition from a powerful industry, the governor and many in the Legislature, a New Orleans-area flood board's lawsuit against dozens of oil, gas and pipeline companies seemed doomed early on.
Thursday’s explosion aboard an oil production platform in the Gulf of Mexico is now under investigation by the Bureau of Safety and Environmental Enforcement.
Money from the first and only settlement so far in a Louisiana flood board's lawsuit against dozens of energy companies will be placed in a special account dedicated to coastal restoration.
BP is heading to a federal appeals court in its effort to oust the administrator of damage settlement claims arising from the 2010 Gulf of Mexico oil spill.
The 59-41 Senate vote was one shy short of the 60 needed to clear the House-passed measure.
Spot bonuses to employees who go above and beyond on projects one of several reasons national mag calls BR-based biz bank a cool place to work.
The Director Search Committee interviewed the five men still in the running via video last week and is set to trim the field this week.
Telecom’s decision to halt deployment to more than 100 cities while it awaits net-neutrality rules appears to be little more than a temper tantrum.
Environmental (and political) junkies got a double fix when The Lens hosted a discussion between its environmental writer and the lead attorney in the levee board suit.
Follow The IND to hear Lens environmental reporter Bob Marshall's interview with Gladstone Jones, the lead attorney in the lawsuit against the oil and gas companies for coastal damages.
The $35B deal leaves the burning question about what it will mean for the thousands of these two service giants' local employees.
Broussard & David set up shop at the corner of Jefferson and Vermilion.
in light of falling oil prices, Forbes asks, “Will there be more?”
Lake Charles lets Acadiana companies in on the action as our neighbor to the west prepares for unprecedented growth.
A new study analyzes the state of the Lake Charles region and the impact 19 industrial projects will have on residents.
A U.S. magistrate judge calls “garbage” on behavior of attorneys for Progressive Waste Solutions.
The Lafayette food truck scene is slowing down but not stopping.
Lake-area financial institutions seeing green.
As the Lake Charles region ramps up for record-setting growth, ABiz lays out the challenges and opportunities ahead for South Louisiana.
Who was hired and promoted in Acadiana business?
Louisiana’s Ragin’ Cajuns are driving innovation in Louisiana.
The boom is coming, and McNeese is ready for it.
It’s time for Lafayette and Lake Charles to embrace “coopertition.”
We can make Acadiana — in reality and reputation — the best place in the South for a great career in an idyllic family environment.
Lake Charles’ technical community college wasted no time developing programs to prepare the area’s workforce.