The Baton Rouge acquisition will help in the bank’s plans to add mortgage loan services and a mortgage staff to its Lafayette branch.
La Fonda’s Gabe Bako has been absent for weeks.
The combined branches and assets would make IberiaBank the fifth largest New Orleans area bank in terms of market share.
Atlanta-based Cumulus Media is negotiating to buy the Citadel radio group, owner of local radio stations 94.5 KSMB, 99.1 KXKC, 104.7 KNEK and 95.5 KRRQ.
An economy many believed would be pounded by the drilling moratorium that resulted from the BP disaster proved its resilience in 2010, as retail sales inched slightly above 2009’s figures.
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