An investor group led by Daryl Byrd has agreed to buy M C Bank in Morgan City, La.
DMMS Purchaser plans to buy the $479 million-asset bank, based on an announcement by Performance Trust Capital Partners, which advised the seller. The price wasn’t disclosed.
Byrd was CEO of IBERIABANK when it sold to First Horizon in Memphis, Tenn.
“The combination of our associates and the DMMS team creates a powerful alignment of talent, experience, and vision that will propel the bank forward,” Chris LeBato, M C Bank’s CEO, said in a statement. LeBato will remain at the bank as managing director, vice chairman and chief of staff.