IberiaBank Corp. to acquire Trust One branches

LAFAYETTE, La. (AP) — IberiaBank Corp. of Lafayette announced Friday that it will acquire the six Memphis, Tenn. branches of Trust One Bank, a division of Synovus Bank.

The price was not disclosed.

IberiaBank will acquire selected loans and other assets and the deposits of Synovus' Memphis operations in an acquisition expected to close by the end of 2013. As of Aug. 31, Synovus had $131 million in loans and $205 million in deposits in Memphis. The company's branches employed 33 people, according to The Advocate (http://bit.ly/1aaZ54f).

St. Mary Now & Franklin Banner-Tribune

Franklin Banner-Tribune
P.O. Box 566, Franklin, LA 70538
Phone: 337-828-3706
Fax: 337-828-2874

Morgan City Daily Review
P.O. Box 948, Morgan City, LA 70381
Phone: 985-384-8370
Fax: 985-384-4255

Follow Us