March 28, 2024

Press Release

IberiaBank announces successful conversion of Old Florida Bank

All former Old Florida Bank branches are now operating as IberiaBank

| 4/27/2015

IberiaBank Corporation (NASDAQ: IBKC), holding company of the 128-year-old IberiaBank, announced the completion of the conversion of Old Florida Bank’s core operating system, products and signage. On March 31, 2015, IberiaBank Corporation acquired Florida-based Old Florida Bancshares, Inc., the holding company of Old Florida Bank. Over the weekend of April 24, 2015, IberiaBank successfully consolidated operating systems and signage. As of Monday, April 27, 2015, all former Old Florida Bank branches now operate as IberiaBank.

“The transition for clients is always our top priority. Our Orlando team members have gone through many hours of training to learn our systems, and we have deployed experienced associates to be onsite at all the Central Florida bank locations to assist with any client needs,” said Daryl G. Byrd, President and Chief Executive Officer of IberiaBank Corporation. “The addition of branches in the Greater Orlando area is exciting, and we expect to see continued growth throughout our Florida footprint which now includes a total of 63 branch offices.”

John O. Burden, Sr., who served as President and Chief Executive Officer of Old Florida Bancshares, will now serve as Executive Vice President and Market President for IberiaBank’s Central Florida franchise. “Our team members are glad to be on IberiaBank’s systems and ready to focus on what they do best – developing new business and serving existing clients. The merger with IberiaBank has added a variety of new services for our retail clients such as mobile deposits and an expanded network of branches and ATMS. And for our commercial clients, our lending limits have grown, and we have a new suite of treasury management services to offer,” said Burden.

At December 31, 2014, Old Florida Banchshares, Inc. had total assets of $1.4 billion, gross loans of $1.1 billion and total deposits of $1.2 billion. Old Florida Bank operated 14 offices including 12 offices in the Orlando area, two offices in Citrus County.

About IberiaBank Corporation

The Company is a financial holding company with 314 combined offices, including 216 bank branch offices and three loan production offices in Louisiana, Arkansas, Tennessee, Alabama, Texas, and Florida, 23 title insurance offices in Arkansas and Louisiana, and mortgage representatives in 63 locations in 10 states. The Company has eight locations with representatives of IBERIA Wealth Advisors in five states, and one IBERIA Capital Partners, L.L.C. office in New Orleans.

Tags: Banking & Finance

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