M C Bank shareholders OK merger with group led by former IberiaBank exec

The takeover of M C Bank by a group led by former IberiaBank executive Daryl Byrd got approval from shareholders, bank officials announced Tuesday.

Shareholders of the Morgan City-based bank that has offices in Lafayette and Youngsville overwhelmingly approved the merger with Byrd’s group, DMMS Purchaser Inc., at a special meeting Friday.

The deal was first announced in December…

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