MidSouth Bancorp's director of mergers and acquisitions has added the role of treasurer, but the Lafayette, La., company says her added duties are not a signal it would stop hunting for deals.
Lorraine Miller began working for MidSouth (MSL) in late 2009 as a consultant, and later joined the company as its M&A director. She oversees all financial aspects of acquisitions.
Under her guidance the company announced four deals and doubled its assets to nearly $2 billion.
She will continue to lead M&A and now also manage MidSouth's investment portfolio and asset/liability functions.
The move is not a signal that MidSouth has lost interest in doing more deals, Chief Executive Rusty Cloutier said Friday. Acquisitions and new loans will provide equal amounts of future growth, he says.
With its recent acquisitions, though, MidSouth does not have to search for deals as vigorously.
"We got too many calls coming into the place, so we don't need to go look for deals," Cloutier says. "We needed Lorraine's expertise with the investment portfolio."
Miller was a senior sell-side equity research analyst from 1986 to 2002 with Robinson-Humphrey and SunTrust Equitable Securities. From 2002 to 2009, she was director of investor relations for West Point Home and Security Bank Corp.