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re: Iberia Bank buys Cameron State in Lake Chuck

Posted on 3/11/11 at 11:03 am to
Posted by GCHunter
Chasing my tail
Member since Aug 2009
2080 posts
Posted on 3/11/11 at 11:03 am to
I guess what I was trying to say was Cameron State has branches that are across the street from each other. The overlap in Lake Charles will cause Iberia to close branches and sell them off thus laying off tellers, branch managers, etc. Cameron's philosphy has always been to be #1 in market share regardless of where they build the branch. Since Iberia is a publicly traded bank they will phase out branches that are under utilized/non producing.
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