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IberiaBank to merge into First Horizon moving HQ to Memphis
Posted on 11/4/19 at 9:08 am
Posted on 11/4/19 at 9:08 am
Huge loss for Louisiana
27
Posted on 11/4/19 at 9:08 am to MrLSU
Part of our outward migration?
Posted on 11/4/19 at 9:09 am to MrLSU
JBE told me we had the 10 fast growing economy and business are begging to move here.
Posted on 11/4/19 at 9:10 am to MrLSU
But just the other day we learned on the OT that Memphis is a shite hole???
Posted on 11/4/19 at 9:11 am to MrLSU
This state is a shite show. If I didn’t have family here I’d move to Vermont.
Posted on 11/4/19 at 9:11 am to MikeBRLA
quote:
But just the other day we learned on the OT that Memphis is a shite hole???
I mean it is. We are just that much worse.
Posted on 11/4/19 at 9:11 am to MrLSU
quote:LINK
Lafayette-based Iberia Bank will merge with First Horizon, a bank of similar size headquartered in Memphis, Tennessee in a deal worth $3.9 billion.
The all stock deal is expected to close in second quarter 2020.
The combined bank will have $55 billion in loans, $57 billion in deposits, $75 billion in assets and a market cap of $9 billion.
First Horizon will own 56% of the new combined bank and Iberia Bank will own 44% of the company with headquarters in Memphis and a regional banking center in New Orleans.
Posted on 11/4/19 at 9:11 am to MikeBRLA
How many publicly traded companies are left in Louisiana after this?
Posted on 11/4/19 at 9:13 am to MrLSU
quote:I can think of about a dozen just off the top of my head.
How many publicly traded companies are left in Louisiana after this?
Posted on 11/4/19 at 9:14 am to MrLSU
Where will I get my haircut loans?
Posted on 11/4/19 at 9:14 am to MrLSU
quote:
Huge loss for Louisiana
go up on the roof and send up the baw signal!
This post was edited on 11/4/19 at 9:21 am
Posted on 11/4/19 at 9:16 am to BigPerm30
quote:
This state is a shite show. If I didn’t have family here I’d move to Vermont.
Yep. I'd be in Montana.
Posted on 11/4/19 at 9:17 am to MikeBRLA
quote:well it is
But just the other day we learned on the OT that Memphis is a shite hole???
Posted on 11/4/19 at 9:19 am to MrLSU
Every time a bank develops in Louisiana, it undergoes a merger with, or is acquired by, a larger out of state bank. The HQ and management move. Our largest city is no longer a regional business center, but only a tourist draw.
Posted on 11/4/19 at 9:21 am to GetBackToWork
quote:
Our largest city is no longer a regional business center, but only a tourist draw.
And nobody seems to have even the tiniest bit of desire to make it otherwise.
Posted on 11/4/19 at 9:22 am to GetBackToWork
There will be more of these so-called "mergers" of La. based-banks in the future.
Posted on 11/4/19 at 9:23 am to MrLSU
If my family didn’t have a ton of land in La I would be gone so fast
Posted on 11/4/19 at 9:25 am to LSUBanker
quote:
There will be more of these so-called "mergers" of La. based-banks in the future.
bro, do you even banking deregulation? shite's been going on for decades
Posted on 11/4/19 at 9:26 am to LSUBanker
quote:
There will be more of these so-called "mergers" of La. based-banks in the future.
I can see HomeBank, Gulf Coast Bank, and First Bank & Trust being easy targets for some of the national banks.
Posted on 11/4/19 at 9:27 am to MrLSU
Thanks JBE
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