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MC Bancshares to Merge with DMMS Purchaser, Inc.
The deal will retain M C Bank's name and headquarters in Morgan City while raising up to $250 million in equity to fuel expansion across the Gulf South, led by former IBERIABANK CEO Daryl Byrd.
- On Dec. 17, 2025, MC Bancshares announced a merger with DMMS Purchaser, Inc., led by Daryl Byrd, who will serve as CEO and chairman of the holding company.
- To fund the plan, Byrd plans to grow the bank by targeting small- and mid-sized business customers, supported by an equity offering of up to $250 million, with existing shareholders owning about 25%.
- M C Bank currently has nearly $480 million in assets and 10 branches across Southeast Louisiana, plans three new branches in Covington, Uptown New Orleans, and Houma, and will retain its Morgan City headquarters with roughly 100 employees invited to stay.
- Byrd expects to close the deal in the first quarter of next year after raising money over the next 100 days, with regulatory and shareholder approval anticipated next year amid competition from JP Morgan Chase, Capital One, Hancock Whitney, First Horizon, Gulf Coast Bank, and b1Bank.
- Byrd built his reputation by transforming IberiaBank with roughly 100 acquisitions, aiming to scale a bank with less than $500 million in assets and about $380 million in deposits.
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17 Articles
Denton Record-Chronicle+13 Reposted by 13 other sources
MC Bancshares to Merge with DMMS Purchaser, Inc.
Former CEO of IBERIABANK, Daryl Byrd, to serve as CEO
·Denton, United States
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The AdvocateReposted by 
Nola
NolaFormer IberiaBank execs are back in the game, have big plans for Louisiana bank they’re buying
Louisiana banker Daryl Byrd, who grew IberiaBank over two decades from a small Lafayette-area lender into a regional powerhouse, has assembled a team of former IberiaBank executives and finalized a deal to acquire Morgan City-based M C Bank, a move…
·Baton Rouge, United States
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Total News Sources17
Leaning Left0Leaning Right0Center10Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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