IberiaBank has completed buying back $90 million in stock it sold to the U.S. Department of the Treasury as part of the government’s bank investment plan, one of the first banks in the country to get out of the program. IberiaBank was one of the first financial institutions in the state to participate in TARP, but announced last month it was returning the money because recent changes to the program didn’t help the bank.
IberiaBank completes TARP payoff
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
