The transaction, which adds 33 locations in five states, increasing the Lafayette company's footprint to 342 locations across 27 states, is valued at $60 million.

Company says in a statement that the name Popeyes “is among the most visible expressions of our Louisiana heritage and differentiates Popeyes in the marketplace."

In the works for five years, new system reduces cockpit workload by 60 percent and allows for more consistent operations under challenging weather and operating conditions.

Lafayette-based bank earned $3.3 million for the second quarter of 2013.

Bank says lower interest rates cut into its income.

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