Iberiabank in Lafayette, La., has expanded into South Carolina after hiring a veteran banker.
The $20.7 billion-asset company said in a press release Monday that it had tapped Samuel Erwin as its regional president responsible for covering the state. Erwin will operate from Greenville, S.C.
Erwin previously worked at United Community Banks in Blairsville, Ga., where he was regional president for upstate South Carolina. In that role, Erwin led the bank's retail and commercial lending efforts. He joined United after it bought Palmetto Bancshares, where he had been president and CEO, last year.
Erwin "is the ideal leader and a terrific cultural fit for our entrée into South Carolina and well-positioned to leverage our contacts, business opportunities, and resources in the upstate market," Daryl Byrd, Iberiabank's president and CEO, said in the release.
Iberiabank recently announced plans to raise more than $250 million through a stock offering.