The holdings company of the more than century old IberiaBank, IberiaBank Corporation, recently announced the finalization of an agreement where the bank would acquire assets and liabilities from Trust One Bank, a division of Synovus Bank. The acquisition is expected to be completed by the end of 2013, subject to customary closing conditions and regulatory approvals.

According to IberiaBank Memphis Market President Greg Smithers, "We are very excited about this opportunity to expand our Memphis franchise. We look forward to serving these clients in the same high quality manner in which we have served our legacy clients for over 126 years. The addition of these branches and this great team enhances our commitment to serve our clients by providing greater access to banking services in convenient locations."

Smithers further added, "In addition to this acquisition, in the very near future, we will be launching ten additional ATMs in select Rite Aid locations throughout the Greater Memphis area. Look for more information coming soon regarding this great news."