IBERIABANK Corporation (NASDAQ: IBKC), the holding company of the 130-year-old IBERIABANK, has completed the operational conversion and name change of Sabadell United Bank, N.A. to IBERIABANK. On July 31, 2017, IBERIABANK Corporation acquired Sabadell United Bank, N.A. from Banco de Sabadell, S.A. Over the weekend of October 13, 2017, IBERIABANK successfully consolidated operating systems and updated branch signage to open all former Sabadell United Bank locations as IBERIABANK branches today, October 16, 2017.
“After many months of preparation, we are pleased to open our offices as IBERIABANK. During a transition such as this, clients were always our top priority. We planned extensively and many experienced team members were involved to help minimize any potential client impact,” said Mario Trueba, South Florida Regional President for IBERIABANK. “Our clients will benefit from our expanded South Florida footprint and from the added resources and extensive product line that is available now that we are on the same systems.”
“Florida will play a significant role in the continued growth of our company,” commented Daryl Byrd, President and CEO of IBERIABANK Corporation. “We’re excited about the talent and experience that we’ve added to our team through the Sabadell United Bank acquisition. Now that Sabadell is operating under the IBERIABANK name, our focus will be on expanding existing client relationships, developing new relationships and branding our name in South Florida.”
IBERIABANK now operates 32 branch locations in South Florida including 16 in Miami-Dade County, three in Broward County, nine in Palm Beach County and four in Monroe County. On the west coast of Florida, the former Sabadell United Bank location in Naples at Mercato is now a part of the IBERIABANK branch network in Collier County. IBERIABANK has consolidated the Downtown Sarasota office with and into the former Sabadell United Bank branch at 783 S. Orange Avenue. And the former Sabadell United Bank office in downtown Tampa at 701 N. Franklin Street has been consolidated with and into the IBERIABANK branch at 201 N. Franklin Street. IBERIABANK now operates a total of 77 branch locations and two commercial banking offices in Florida.
The Company is a financial holding company with 335 combined offices, including 228 bank branch offices and one loan production offices in Louisiana, Arkansas, Tennessee, Alabama, Texas, Florida, Georgia, and South Carolina, 24 title insurance offices in Arkansas and Louisiana, and mortgage representatives in 68 locations in 10 states. The Company has 13 locations with representatives of IBERIA Wealth Advisors in four states, and one IBERIA Capital Partners, L.L.C. office in New Orleans. The Company's common stock trades on the NASDAQ Global Select Market under the symbol "IBKC." Follow IBERIABANK on LinkedIn, Facebookand Twitter.