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re: IberiaBank to merge into First Horizon moving HQ to Memphis

Posted on 11/4/19 at 9:30 am to
Posted by brightside878
Baton Rouge
Member since Sep 2009
1650 posts
Posted on 11/4/19 at 9:30 am to
quote:

just the other day we learned on the OT that Memphis is a shite hole???


It most definitely is, make no mistake.
Posted by goofball
Member since Mar 2015
17356 posts
Posted on 11/4/19 at 9:31 am to
Sorry to hear about that for Louisiana.

There isn’t a large metro in the state that can compete with Tennessee’s tax environment or Memphis’s Fortune 500 presence.

Sad but true. Hate on Memphis, but it’s at least on the radar for white collar jobs with FedEx, IP, or AutoZone. That’s more than the entire state of Louisiana has.
Posted by SoulGlo
Shinin' Through
Member since Dec 2011
17248 posts
Posted on 11/4/19 at 9:34 am to
quote:

bro, do you even banking deregulation? shite's been going on for decades
















:bwahahaha:




What does deregulation have to do with anything? Of course, other than a buzz word for anything.
Posted by 777Tiger
Member since Mar 2011
93541 posts
Posted on 11/4/19 at 9:35 am to
quote:

What does deregulation have to do with anything?


oh man, you need some schooling, baw
Posted by genuineLSUtiger
Nashville
Member since Sep 2005
77214 posts
Posted on 11/4/19 at 9:39 am to
Tennessee is a very strong business state. No state income taxes either
Posted by dewster
Chicago
Member since Aug 2006
26627 posts
Posted on 11/4/19 at 9:39 am to
IberiaBank already has a large mortgage services office in Germantown, TN. I think First Horizon has one of the towers in downtown Memphis.

This is a gut check for Louisiana, but it’s a good thing for IberiaBank and their employees as well as the state of Tennessee and Mississippi.

Memphis has some issues, but I would seriously put East Memphis, Germantown, Collierville, or even Olive Branch up against the best communities in Louisiana. Those are nice, safe areas with excellent public/private schools, good infrastructure, good job market, solid health care options, gorgeous neighborhoods, and friendly people. The costs of living is very reasonable too.

The Ole Miss alumni don’t really outnumber the LSU or Mississippi State people in Memphis as much as you think they would.
Posted by Y.A. Tittle
Member since Sep 2003
111639 posts
Posted on 11/4/19 at 9:42 am to
quote:

quote:
What does deregulation have to do with anything?


oh man, you need some schooling, baw


Banking Deregulation is not what makes Memphis more appealing than anywhere in Louisiana.
Posted by SlackMaster
Baton Rouge
Member since Jan 2009
2868 posts
Posted on 11/4/19 at 9:42 am to
quote:

I can see HomeBank, Gulf Coast Bank, and First Bank & Trust being easy targets for some of the national banks.


Don't forget MidSouth Bank. I believe they've been hoping to become an acquisition target for a while.
Posted by dewster
Chicago
Member since Aug 2006
26627 posts
Posted on 11/4/19 at 9:42 am to
Maybe I am no longer a Louisiana homer. I lived in Memphis for a while and loved it.

I would also be pleased if they selected Baton Rouge or New Orleans instead....but I think I am happier for Memphis than I am sad for Louisiana.

I just expect that Louisiana will never get its act together and that JBE would let IberiaBank walk away without aggressively recruiting them.
Posted by SSpaniel
Germantown
Member since Feb 2013
29658 posts
Posted on 11/4/19 at 9:47 am to
quote:

It most definitely is, make no mistake.



Nah. It really isn't.

quote:

IberiaBank to merge into First Horizon moving HQ to Memphis


ESPN Gameday coming here already paying dividends!!!
Posted by TigerstuckinMS
Member since Nov 2005
33687 posts
Posted on 11/4/19 at 9:47 am to
quote:


Don't forget MidSouth Bank. I believe they've been hoping to become an acquisition target for a while

Dude, MidSouth completed their "merger" with Hancock Whitney like two months ago. It no longer exists.

Now, if you already knew this and were making a joke, you should've used the sarcasm font.
This post was edited on 11/4/19 at 9:48 am
Posted by 777Tiger
Member since Mar 2011
93541 posts
Posted on 11/4/19 at 9:47 am to
quote:

Banking Deregulation is not what makes Memphis more appealing than anywhere in Louisiana.


wasn't referring to that specifically, just the mess the banking industry has become post de-reg
This post was edited on 11/4/19 at 9:50 am
Posted by dewster
Chicago
Member since Aug 2006
26627 posts
Posted on 11/4/19 at 9:48 am to
quote:

Banking Deregulation is not what makes Memphis more appealing than anywhere in Louisiana.



Tennessee is going to boom if Texas starts adopting more “California-esque” policies.
Posted by fjlee90
Baton Rouge
Member since Nov 2016
8521 posts
Posted on 11/4/19 at 9:50 am to
quote:

Huge loss for Louisiana


We earned it.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481186 posts
Posted on 11/4/19 at 9:53 am to
quote:

And nobody seems to have even the tiniest bit of desire to make it otherwise.

Can't whitewash that culture by improving the city

See: gentrification
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481186 posts
Posted on 11/4/19 at 9:54 am to
quote:

Every time a bank develops in Louisiana, it undergoes a merger with, or is acquired by, a larger out of state bank

I suppose Jeff Davis is next
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
30073 posts
Posted on 11/4/19 at 9:58 am to
Hopefully someone with a brain rebrands the name of this bank because I do not want do business with a bank called First Horizon. It reminds me of a funeral home company not a bank.
Posted by SlackMaster
Baton Rouge
Member since Jan 2009
2868 posts
Posted on 11/4/19 at 9:58 am to
quote:

Dude, MidSouth completed their "merger" with Hancock Whitney like two months ago. It no longer exists.

Now, if you already knew this and were making a joke, you should've used the sarcasm font.


Lol. Nope -- I had no idea and somehow totally missed this. Thanks!
Posted by jchamil
Member since Nov 2009
19902 posts
Posted on 11/4/19 at 10:00 am to
quote:

Hopefully someone with a brain rebrands the name of this bank because I do not want do business with a bank called First Horizon.


It's First Tennessee, First Horizon is the parent
Posted by prplhze2000
Parts Unknown
Member since Jan 2007
58829 posts
Posted on 11/4/19 at 10:01 am to
This is what happens when you allow multiparish banks.
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