IberiaBank names Brown as chief operating officer

IberiaBank appoints Michael Brown as chief operating officer and vice chairman

• On 12:50 pm EDT, Thursday September 17, 2009

LAFAYETTE, La. (AP) -- IberiaBank Corp. said Thursday that it named Michael Brown as vice chairman and chief operating officer.

Brown, who has been with the regional bank holding company since 1999, previously was in charge of managing markets including Louisiana, Arkansas, Alabama, Texas, Tennessee and Florida.

As COO, Brown will continue to be responsible for those markets and will also oversee the national credit card business, consumer underwriting, the call center, retail sales, retail operations, facility management and the title business.

Shares of IberiaBank dropped 49 cents to $47.41 in afternoon trading.