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Message
re: IberiaBank to merge into First Horizon moving HQ to Memphis
Posted on 11/4/19 at 10:43 am to tgrbaitn08
Posted on 11/4/19 at 10:43 am to tgrbaitn08
quote:
The regional headquarters will still be based in New Orleans
I suspect within 5 years they will have less than 130 people working on Poydras.
0
Posted on 11/4/19 at 10:43 am to 777Tiger
quote:
true, plus if it ain't broke
It's been a while since I've been out there, but at one time, they were going to close the big concourse, renovate it and then close the 2 small concourses completely. I know they closed concourse B, but not sure if they've started renovations or what. Heck, they might even be through for all I know. Doubt it, though.
And... do you still need to call yourself an international airport if you don't have international flights?
Posted on 11/4/19 at 10:43 am to MrLSU
sooooo who should I bank with now? Chase? or find another local
Posted on 11/4/19 at 10:47 am to Carson123987
quote:
sooooo who should I bank with now? Chase? or find another local
US Bank and Fifth Third have targeted Louisiana so this won't be the last of the consolidation taking place in Louisiana.
Posted on 11/4/19 at 10:47 am to MrLSU
When will you people stop trying to fight accepting the fact that the other 49 are leaving us in in the dust...
Posted on 11/4/19 at 10:49 am to SSpaniel
quote:
do you still need to call yourself an international airport if you don't have international flights?
think that just means they have customs and immigration available(on an appointment/on call basis)
Posted on 11/4/19 at 10:50 am to dewster
quote:
I just expect that Louisiana will never get its act together and that JBE would let IberiaBank walk away without aggressively recruiting them.
What, this is a merger, not a full on relocation, happens every day in every business. Frankly one of the reasons we sucks is because politicians get involved in these type of deals that are all about the market and make stupid promises that cost us all money.
Posted on 11/4/19 at 10:54 am to NOLALGD
quote:
What, this is a merger, not a full on relocation,
You can call it a merger all you want, but one bank is compensating the other, and the bank that is receiving compensation is losing its name and taking the name of the payer, and the headquarters are moving to TN.
That’s an acquisition baw
This post was edited on 11/4/19 at 10:57 am
Posted on 11/4/19 at 10:56 am to 777Tiger
quote:
think that just means they have customs and immigration available(on an appointment/on call basis)
Ellick is designated an international airport to process troops in and out of Fort Polk from overseas.
Posted on 11/4/19 at 10:58 am to NOLALGD
quote:
What, this is a merger, not a full on relocation, happens every day in every business
"The move enables the combined bank to invest in technology and merge back office functions.
The companies project to save $170 million as a result of the acquisition about 50% of which stem from staffing efficiencies and overhead redundancy but also branches which overlap in some markets.
Iberia Bank had more than 3,100 employees as of Sept. 30 whereas First Horizon has more than 5,500 employees."
Sounds like a lot of jobs will be lost here in Louisiana.
Posted on 11/4/19 at 10:58 am to SSpaniel
quote:
Heck, they might even be through for all I know. Doubt it, though.
In the process of tearing down B. Concourses A and C suck big time. Was just there last Wednesday and I'm flying to DFW and back this week. MEM is pretty terrible but its super easy to get in and out of and security is a breeze with Pre-Check.
quote:
And... do you still need to call yourself an international airport if you don't have international flights?
Come on...that once weekly flight to Cancun is a robust international presence.
Posted on 11/4/19 at 11:07 am to Jim Rockford
quote:
Ellick is designated an international airport to process troops in and out of Fort Polk from overseas.
yep, pretty common, SHV is because it is a fuel diversion airport close to DFW(although passengers can't get off the plane,) New Iberia used to be
Posted on 11/4/19 at 11:23 am to MrLSU
quote:
Sounds like a lot of jobs will be lost here in Louisiana
Posted on 11/4/19 at 11:26 am to jennyjones
When is the last time this state had some good economic news?
Posted on 11/4/19 at 11:27 am to MrLSU
quote:
But New Orleans has a prettier airport than Memphis although accessing the Memphis airport is easier.
I think Memphis is renovating.
Neither MSY nor MEM will be a passenger airline hub for a long time, if ever again.
Posted on 11/4/19 at 11:27 am to fallguy_1978
quote:
When is the last time this state had some good economic news?
Alvin Sterling's CD sales boosting the NBR GNP?
Posted on 11/4/19 at 11:27 am to MrLSU
Succesful banks become acquisition targets. The board members at Iberia are popping champagne corks.
Posted on 11/4/19 at 11:29 am to Jim Rockford
quote:
The board members at Iberia
upper echelon always makes out like thieves in mergers/acquisitions
Posted on 11/4/19 at 11:32 am to fallguy_1978
quote:
When is the last time this state had some good economic news?
Idk, but this sucks for Lafayette especially. It will be a bigger version of the mid south deal
LINK
Posted on 11/4/19 at 11:33 am to Jim Rockford
quote:Meanwhile branch and back office personnel's assholes are puckered
The board members at Iberia are popping champagne corks.
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