The acquisition of Louisiana banking giant Whitney Bank by Hancock Holding Corp. of Mississippi has prompted a new nickname for Lafayette-based Iberiabank: ‘Big dog on the block.’

Associated Press business writer Alan Sayre writes in a column published Monday that the new Whitney-Hancock combo will mean the exodus of the last of the “classic” Louisiana-based banks, making room for IberiaBank to take the top spot.

Sayre points out that the Whitney-Hancock union also outlines a potential future trend of community banks having a larger presence in the industry, which could mean more mergers to increase their pull in lending:  
After Whitney loses its separate identity, the big dog on the block in Louisiana appears to be Lafayette-based Iberiabank, which has a smaller, but feisty rival in its back yard, MidSouth Bancorp.

More combinations in the South are inevitable, banking analyst Michael Rose of Raymond James said recently, with Hancock-Whitney likely pointing the way to a new era of mergers and acquisitions following big loan problems in the region and new federal capital requirements.
Sayre noted that IberiaBank has acquired four failed banks since the banking meltdown, three in Florida and one in Alabama with the backing of the Federal Deposit Insurance Corp., which committed to sharing any loan losses. Read more about the Lafayette-based bank in this Independent Weekly November 2009 cover story.

Read Sayre's full column here.

To post a comment, please log into your IND account. If you do not have an account, click the "register" button to create one. Facebook comments can be used as an alternative to creating an account at theIND.com.

Loading
Chart
ABiz Stock Watch
o Home Bancorp 22.66 ▼0.04 (-0.18%)
o Frank's International 17.42 ▲0.05 (0.29%)
o IberiaBank Corp 63.59 ▼0.56 (-0.87%)
o LHC Group 23.21 ▼0.52 (-2.19%)
o MidSouth Bancorp 18.87 ▼0.16 (-0.84%)
o Petroquest Energy 4.26 ▼0.16 (-3.62%)
o PHI Inc. 40.38 ▲0.78 (1.97%)
o Superior Energy 25.01 ▼0.66 (-2.57%)
o Stone Energy 23.47 ▼2.65 (-10.15%)
o Facebook Inc. 78.37 ▼0.32 (-0.41%)
o Twitter Inc. 49.08 ▼1.55 (-3.06%)
o Gannett 30.07 ▼0.46 (-1.51%)
NYSE:HBCP

Home Bancorp

Company ID [NYSE:HBCP] Last trade:22.66 Trade time:4:00PM EDT Value change:▼0.04 (-0.18%)
NYSE:FI

Frank's International

Company ID [NYSE:FI] Last trade:17.42 Trade time:4:02PM EDT Value change:▲0.05 (0.29%)
NYSE:IBKC

IberiaBank Corp

Company ID [NYSE:IBKC] Last trade:63.59 Trade time:4:00PM EDT Value change:▼0.56 (-0.87%)
NYSE:LHCG

LHC Group

Company ID [NYSE:LHCG] Last trade:23.21 Trade time:4:00PM EDT Value change:▼0.52 (-2.19%)
NYSE:MSL

MidSouth Bancorp

Company ID [NYSE:MSL] Last trade:18.87 Trade time:4:00PM EDT Value change:▼0.16 (-0.84%)
NYSE:PQ

Petroquest Energy

Company ID [NYSE:PQ] Last trade:4.26 Trade time:4:06PM EDT Value change:▼0.16 (-3.62%)
NYSE:PHII

PHI Inc.

Company ID [NYSE:PHII] Last trade:40.38 Trade time:3:32PM EDT Value change:▲0.78 (1.97%)
NYSE:SPN

Superior Energy

Company ID [NYSE:SPN] Last trade:25.01 Trade time:4:03PM EDT Value change:▼0.66 (-2.57%)
NYSE:SGY

Stone Energy

Company ID [NYSE:SGY] Last trade:23.47 Trade time:4:05PM EDT Value change:▼2.65 (-10.15%)
NYSE:FB

Facebook Inc.

Company ID [NYSE:FB] Last trade:78.37 Trade time:4:00PM EDT Value change:▼0.32 (-0.41%)
NYSE:TWTR

Twitter Inc.

Company ID [NYSE:TWTR] Last trade:49.08 Trade time:4:00PM EDT Value change:▼1.55 (-3.06%)
NYSE:GCI

Gannett

Company ID [NYSE:GCI] Last trade:30.07 Trade time:4:04PM EDT Value change:▼0.46 (-1.51%)
Advertisement

Economic Indicators

  • Real Estate Data
    Real Estate
     
    Rentals
     
    Commercial
     
     
  • Energy Data
    Oil
     
    Gas
     
     
  • Taxable Sales
    Register
     
  • Unemployment Rate
    Employment
     
 

Read the Flipping Paper!

Click Here for the Entire Print Version of
ABiz
 
Advertisement
Advertisement