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IBERIABANK to slow branch consolidation for rest of 2016

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IBERIABANK to slow branch consolidation for rest of 2016

Lafayette,La.-based IBERIABANKCorp. said in a Form 10-Q that it expects a slowdown in its branchconsolidation efforts for the rest of 2016.

The companyclosed or consolidated 19branches during the first quarter, resulting in pretax nonoperatingexpenses of $2.1 million.

IBERIABANK anticipates annual net run-rate savings of $1million per quarter from the branch closures, beginning in the second quarterof 2016.