IberiaBank CEO talks up merger with First Horizon Bank

Says two pair well, don't overlap, few if any layoffs predicted

Thomas Perumean
November 12, 2019 - 7:42 am

Getty Images - Mike Rosiana

Daryl Byrd, the man who's headed IberiaBank Corp for just under two decades is calling the institutions recent merger with Memphis-based First Horizon Bank a formidable Southern franchise.  

In an interview with the Times-Picayune/New Orleans Advocate, Byrd says the merger makes good common sense.  

He points to the two banks close philosophy in business and little, if any, overlap among branch networks that he says making upgrades to technology and computer systems can be performed rapidly to stay competative.  

As the two companies come together the IberiaBank name will be retired as all branches take on the First Horizon name.  The merger is expected to be complete by mid-2020.

The 132-year old bank is currently headquartered in Lafayette.  IberiaBank has locations across 12 Southern states and employs more than 3,000 employees.  
 

Comments ()