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Originally Posted by tennis1400
Also looking at the press release from First Horizon it seems like they are splitting headquarters functions with NOLA being their regional banking headquarters.. im guessing will see some lafayette people being moved this way and to memphis.. either way overall good news with more jobs for nola
https://ir.fhnc.com/file/Index?KeyFile=400800531
New Company Governance and Leadership Team
The combined company will be headquartered in Memphis, Tenn., and will maintain a significant operating presence in all of the markets in which both companies operate today. The combined company’s regional banking headquarters will be located in New Orleans, La.
Also first planes land tonight at new airport!!!
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Without much press IberiaBank has quietly been moving more operations to New Orleans from Lafayette (they built some nice offices in Pan Am Center).
Namely, their CTO and CISO are both based locally (I.e. their major IT and Security leadership). This merger should maybe serve as a further push in that direction, though I am skeptical it will actually INCREASE their presence here. Probably just keep some important operations here and abandon Lafayette as anything but low level and mid level support/ops with maybe one or two E suite leaders sticking around.
Over time they’ll significantly shrink their presence in Lafayette and centralize in Memphis or (if we’re lucky) New Orleans. Or they get bought by an even bigger bank and nothing remains. Capital One’s presence in the city has shrank and shrank over the years. Same as Chase and Bank One. Bank mergers don’t benefit anyone except the bigger fish usually. And somehow, Memphis is a bigger fish here.