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Iberiabank's Arkansas Plan Rounds Out with ANB Deal

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Iberiabank of Lafayette, La., which wanted to move into three areas of Arkansas, moved into the first two markets last year and entered the third in a less conventional way …

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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