Iberiabank in Lafayette, La., has added a retired investment banker to its board.
The $20 billion-asset company said in a press release Tuesday that Rick Maples, who once was head of investment banking at Stifel Financial, had become a director.
Maples retired from Stifel's broker-dealer unit in January, though he remains a senior adviser to the company. His investment banking background includes work in the banking and financial services sectors.
- Louisiana
Iberiabank in Lafayette, La., reported higher fourth-quarter profit on loan growth and mortgage revenue and planned an additional round of branch closings.
January 28 -
There is a growing belief that reserves for energy loans should represent 5% of a bank's exposure to the sector. Three banks have already announced plans to move in that direction, prompting speculation as to which other lenders will be next.
January 13 -
Iberiabank in Lafayette, La., plans to close eight branches in Louisiana, Alabama and Florida.
September 16 -
The bank plans to use the proceeds for general corporate purposes, including possible acquisitions such as potential FDIC-assisted transactions. Iberiabank may also use the proceeds for working capital and for investments in subsidiaries to support continued growth.
July 30
Maples became co-head of global investment banking at Keefe, Bruyette & Woods after Stifel bought its former rival.
Maples' "investment banking experience and relationships, as well as his extensive insight into market conditions, mergers and acquisitions, and other topics impacting the financial services industry, will provide significant value to our company," Bill Fenstermaker, Iberiabank's chairman, said in the release.
Iberiabank also added Eli Jones, dean of Mays Business School at Texas A&M University, to its board.