It was a big year in 2019 for bank acquisitions in Louisiana, with Lafayette-based banks MidSouth Bank and Iberia Bank being scooped up by larger, out-of-state banking groups. And there’s no sign that consolidation wave will slow, as experts see mergers and acquisitions in the Baton Rouge area continuing in the new year.
What’s causing the growth? The size of banks, for one. Larger banks can afford to implement technological advancements and cost efficiencies in the company. Banks are also taking advantage of certain rollbacks in the Dodd-Frank regulatory framework, which was introduced following the 2008 financial crisis.
Keep an eye on Baton Rouge-based Investar Bank. The bank broke into the Texas and Alabama markets with acquisitions, and switched from a state charter to a national one last year to help further its expansion plans.