CapitalSouth Bought by IberiaBank

BIRMINGHAM, AL-Days after Montgomery-based Colonial Bank is bought by BB&T Corp. CapitalSouth Bank's assets go to IberiaBank.

By Amy Wolff Sorter | August 24, 2009 at 11:19 AM

Birmingham News

IberiaBank, which recently entered the Mobile, AL area, has rebranded all CapitalSouth offices under the IberiaBank name. The Birmingham News article says Iberia Bank now has 162 offices in ten states since the acquisition. Read more about the story here.

The FDIC seizure and takeover is the second in Alabama within 10 days. Montgomery, AL-based ColonialBancGroup Inc. was shut down by regulators and taken over by BB&B Corp. earlier this month.

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