IBERIABANK Purchases Failed Bank

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