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.
Lafayette Regional seeking new leadership after longtime director Greg Roberts’ June resignation.
The U.S. rig count peaked at 4,530 in 1981 and bottomed at 488 in 1999.
The state labor department figures released Friday show the initial claims decreased to 2,068 from the previous week's total of 2,071. For the comparable week a year earlier, there were 2,494 claims.
The struggle for control of the regional flood authority board and its lawsuit against oil and gas companies for wetlands damage has taken an unexpected turn.
U.S. District Judge Carl Barbier agreed several weeks ago to change the compensation formula for any future payments, but he ruled Wednesday that a deal is a deal when it comes to money BP has already paid out.
IberiaBank has already retrofitted many of the Teche Federal Bank locations it acquired in a buyout earlier this year, but some residuals from the estimated $161 million deal are still playing out, namely a federal lawsuit alleging the theft of sensitive information by two former Teche executives.
Both join Russo as brand developers.
Targets of an investigation of alleged corruption within the settlement program for compensating victims of the 2010 Gulf of Mexico oil spill will be in federal court Tuesday.
Excitement over Bell Helicopter’s 505 Jet Ranger X is growing, as is the international demand for the state-of-the-art chopper, which will soon be manufactured at the company’s first-ever Louisiana assembly facility in Lafayette.
The Louisiana Hospital Association, Louisiana Nursing Home Association, Louisiana Pharmacists Association, ambulance providers and intermediate care facilities are pooling their resources and planning for a statewide media buy to promote the passage of the first two constitutional amendments on the November ballot.
New report also reveals negative results of Medicaid cuts.
The Pentagon says two Louisiana companies have Navy contracts worth a total of $26.8 million.
Newcomer to Top 50 among five companies selected for Naval contract
Both sets of figures — adjusted to cancel out seasonal changes — were released by the U.S. Labor Department.
Texas declined by five rigs, West Virginia dropped three and Louisiana was down two.
A federal appeals court in New Orleans has upheld a federal safety board's right to investigate the role of Transocean Deepwater Drilling Corp. in the 2010 Gulf of Mexico oil disaster.
A supporter of a lawsuit against the oil industry has been re-nominated to a seat on a south Louisiana flood control board despite opposition from Gov. Bobby Jindal.
The nominating committee for the Southeast Louisiana Flood Protection Authority-East was set Thursday to nominate applicants for two people on the board whose terms have expired.
Restaurant could see ‘a little facelift,’ Bobby Butcher tells Daily Report.
Attorney General Buddy Caldwell says he won't approve a Cameron Parish Police Jury resolution to hire outside attorneys for such a lawsuit until the resolution is amended. Caldwell's Sept. 15 letter says the resolution must make clear that those attorneys will represent the parish alone — not the state.
Michelle D. Lavergne, who worked for the Lafayette law office of L. Clayton Burgess for 13 years, faces up to 10 years in prison.
Sonnier, former media buyer and account exec at Sides, joins Acadian companies as marketing specialist; Maggard, who most recently worked for Potenza, joins Russo as director of media and PR.
New recreation/fitness trend taking over old Crazy Charlie’s on Ambassador Caffery Parkway.
Authorities said that a Chevron Corp. subsidiary was still releasing natural gas Sunday from a pipeline off the Louisiana coast where a Saturday incident killed a maintenance worker.
Meet the WWMB Class of 2014, extraordinary women guiding our exceptional community