MOBILE, Ala., Feb. 2 /PRNewswire-FirstCall/ -- IBERIABANK Corporation, parent company to the 121-year-old bank subsidiary IBERIABANK (http://www.iberiabank.com/), is pleased to announce the naming of Lawrence "Russ" G. Ford, Jr. as Executive Vice President and President of the Mobile, Alabama region.
Ford joins the Company with 15 years of banking experience. In 1995, he joined AmSouth Bank's Management Associate Program where he specialized in commercial and industrial banking. He served as a credit analyst for AmSouth Bank in Pensacola, Florida, and later relocated to Panama City, Florida, where he served as a commercial lender. In 1998, he relocated with AmSouth (now Regions Bank) to Mobile, Alabama, where he has worked for the past 10 years. Ford has served for the past five years as Senior Vice President, Commercial Market Manager for the south Alabama area.
"Russ is an exceptional addition to our team," says Michael Brown, President of Regional Markets for IBERIABANK Corporation. "He brings significant banking experience and management depth that positions us well in the Mobile region."
Daryl Byrd, President and CEO of IBERIABANK, added: "We have unique connections to this area, particularly South Alabama. Throughout our Company, we believe that having the right people on our team provides a significant competitive advantage. Russ is the perfect leader to gain immediate footing and to make us a viable player in the Mobile region. We look forward to recruiting dynamic talent to develop and grow client relationships. As we have across our footprint, we will invest in a branch system to appropriately serve our clients and strategically invest in the community."
Ford graduated from the University of Alabama where he received a Bachelor of Arts with a Major in Political Science and History. He received his Master of Business Administration from Spring Hill College. He actively participates in numerous civic organizations, including Mobile's Downtown Rotary Club, Municipal Park Youth Baseball, American Cancer Society Relay for Life, Cystic Fibrosis Foundation and the Senior Bowl Committee. Current Board positions include the University of Alabama Mobile County Alumnus Chapter, Ashland Place United Methodist Church and WHIL Public Radio. Previous Board positions include the Mobile Tricentennial Committee, the Mobile Area Chamber of Commerce, the Spring Hill Child Development Center, the American Red Cross and Mississippi's HOPE Foundation.
The Company plans to open a loan production office in Mobile immediately with full service branch locations to follow.
IBERIABANK Corporation is a multi-bank financial holding company with 150 combined offices, including 88 bank branch offices in Louisiana, Arkansas, and Tennessee, 26 title insurance offices in Arkansas and Louisiana, and mortgage representatives in 36 locations in eight states. IBERIABANK operates 49 full-service branches in Acadiana, Baton Rouge, New Orleans region, Northeast Louisiana and Shreveport. The Company's common stock trades on the NASDAQ Global Select Market under the symbol "IBKC" and the Company's market capitalization is approximately $674 million, based on the closing stock price on January 30, 2008.
