IberiaBank has taken over CapitalSouth Bank after the Birmingham, Ala., institution failed Friday. The 10 branches of CapitalSouth in Alabama and Florida have reopened as IberiaBank locations. The Lafayette-based bank entered into a deal with the Federal Deposit Insurance Corp. on Friday evening over CapitalSouth’s $546 million in deposits and $589 million in assets. CapitalSouth is the 80th bank to fail this year and the second in Alabama to go under.
IberiaBank takes over failed Alabama bank
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