quote:
The Iberia/First Tenn merger was not about Louisiana at all. In fact, Iberia's Louisiana holdings were a negative in that transaction because of the oil & gas holdings it had on the books. What made Iberia attractive was its North Carolina, South Carolina, Georgia, and more importantly its Florida footprint that it had picked up over the years from the FDIC. First Tenn is going to be significantly cutting back its presence in Louisiana in the years to come.

Do you think they'll be closing branches here?

The LA banking sector is tiny now. I couldn't even tell you who is the biggest bank based in the state now that Iberia and even Mid South have been bought out, maybe B1 or Home? MS by comparison has four banks with over 150 branches in its footprint HQ'd there.

This post was edited on 5/3/21 at 12:17 pm

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Posted by MrLSU

Yellowstone, Val d'isere

Member since Jan 2004

26037 posts

Posted on 5/3/21 at 12:34 pm to ronnie mo

quote:
Do you think they'll be closing branches here?

The LA banking sector is tiny now. I couldn't even tell you who is the biggest bank based in the state now that Iberia and even Mid South have been bought out, maybe B1 or Home? MS by comparison has four banks with over 150 branches in its footprint HQ'd there.

Yes I do see them closing more branches in Louisiana over the next 36 months. Louisiana needs to fix its draconian banking laws to allow more national banks to come in because it has hampered the growth of the state by forcing them to buy existing banks instead of letting companies come in to open up branches.

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Posted by MrLSU

Yellowstone, Val d'isere

Member since Jan 2004

26037 posts

Posted on 5/3/21 at 12:43 pm to ronnie mo

In Louisiana and these numbers might be off since there has been a lot of bank branch closures the last two years.

Top 10:

Chase 118 offices in 48 cities
Hancock Whitney 116 offices in 56 cities
Capital One 98 offices in 57 cities.
Regions 95 offices in 44 cities
IberiaBank/First Horizon 63 offices in 28 cities
Sabine State Bank 47 offices in 38 cities (Louisiana based)
HomeBank 35 offices in 19 cities (Louisiana based)
BancorpSouth 28 offices in 15 cities
First American Bank 25 offices in 22 cities (Louisiana based)
Red River Bank 23 offices in 11 cities (Louisiana based)

I'll be shocked if those four Louisiana based banks aren't acquired within the next 4 years by Texas or Alabama based banks.

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