American Land Title Association
Home  >  News Room
News Room

SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

IberiaBank Expands Footprint in Florida

November 24, 2009

IberiaBank, the 122-year old subsidiary of IberiaBank Corp., continues to grow its presence with the acquisition of Orion Bank, a full-service Florida-chartered commercial bank headquartered in Naples, and Century Bank, FSB, a full-service federal thrift headquartered in Sarasota.

The deal will give Iberia 34 full-service offices throughout south Florida and total assets of approximately $3.1 billion.

“These two companies possess very strong deposit market share positions in five very attractive Florida MSAs, with outstanding growth characteristics,” said Daryl Byrd, president and CEO of IberiaBank Corp. “While we historically stated caution with regard to expansion in these particular markets, the changing competitive dynamics, the stage of the local economic cycle, the protection provided under the FDIC loss share agreements, the favorable financial results of these transactions, and our expanded recruiting network, support our decision to pursue these opportunities."

Byrd said that gives IberiaBank a strong consumer loan capability but the institution plans to focus on urban and suburban markets and small businesses as it has in the past in the Florida market. Previously, IberiaBank's Florida presence was concentrated in Jacksonville.

With the acquisition of Orion and Century, IberiaBank will have nearly $3 billion in deposits in Florida, and rank as the 20th largest financial institution by deposits on a pro forma basis at June 30. On that basis, Florida will account for approximately 35 percent of the company's total deposits.

IberiaBank will have offices in Naples-Marco Island (7 offices, $1.3 billion); Bradenton-Sarasota (14 offices, $0.9 billion); Key West (5 offices, $0.2 billion); Cape Coral-Fort Myers (4 offices, $0.2 billion), Miami-Ft. Lauderdale (4 offices, $0.3 billion); and Jacksonville (3 offices, $0.1 billion).

Print Friendly

How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
Copyright © 2004-2015 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment