IBERIABANK, a bank with more than 120 years of history, has announced that they will be purchasing CapitalSouth Bank — a failed bank that was based in the state of Alabama. CapitalSouth Bank was shut down by federal regulators on Friday.
On Monday, CapitalSouth Bank’s ten branches will be re-opened as branches of IBERIABANK. One this transaction is complete, IBERIABANK will have branches in ten states and a total of more than 160 branches.
“We are delighted to welcome the clients of CapitalSouth Bank to IBERIABANK,” said IBERIABANK Corporation’s President and CEO Daryl G. Byrd. “Just as we exhibited in our successful …read more

Last week, we talked about how Guaranty Financial Group was struggling to survive. Guaranty Financial Group is the parent company of Guaranty Bank. Today, the federal government put Guaranty Bank out of its misery and shut it down.
After struggling mightily for much of the last year, most experts predicted that Guaranty Bank would get shut down. The question was more of “when” where than “if”.
Joining Guaranty Bank on the chopping block were three more banks. In total, 81 banks have failed this year in the United States.
In Atlanta, ebank was shut down. A second bank in Georgia, First Coweta, was …read more