Daryl Byrd is ready for his next chapter in Louisiana banking.
The former Iberiabank CEO, whose bank was bought by First Horizon in 2019, will be the next chair and chief executive of Morgan City-based M C Bancshares, the holding company for M C Bank & Trust Co., under a deal announced Wednesday.
And he’s bringing several Iberiabank alums with him.
- Mark Tipton – now the Georgia regional president at First Horizon, according to his LinkedIn profile – will serve as M C Bank’s president.
- Michael Brown will become M C Bank’s operations chief; he has been a private investor since departing First Horizon in 2021, according to his LinkedIn profile.
- Scott Price, CFO of Birmingham, Alabama-based bank holding company NewtekOne, according to his LinkedIn profile, will become CFO of M C Bank.
Byrd is leading an investor group, DMMS Purchser, that has agreed to acquire M C Bancshares for an undisclosed sum in a deal that’s expected to close in the first half of 2026, according to a press release Wednesday…