Iberiabank Credit Card Offers

IBERIABANK – The History

IBERIABANK got its start way back in 1887 as the Iberia Building Association in Louisiana. Sharing an office with one of its directors and having only $4,341 in assets made it hard for the Iberia Building Association to be taken seriously as a lending institution. The Iberia Building Association was created to be the “wage earners friend to help families in financing the purchase of homes and to encourage thrift.” Over the course of the first 100 years, the name was changed to Iberia Savings & Loan Association or ISLA, and grew its assets to around $294.6 million. Up until the mid-1980’s, ISLA was not permitted to lend to businesses due to savings and loan association restrictions. This actually worked in ISLA’s favor because as the areas oil boom came to an end, they did not suffer the same setbacks as other banks because they had no stake in the oil businesses. The ISLA followed its founder’s philosophy: focusing on customer-oriented services by providing the types of loans its customers needed. The ISLA is proud to offer loans to everything from school loans and auto loans to mortgages and even loans for appliances.

After hitting their 100 year anniversary in 1987, ISLA changed its name to Iberia Savings Bank, and began opening branch offices to serve customers in different areas. Iberia Savings Bank began assuming the debts of troubled banks, allowing them to occupy new areas and grow. By 1992, Iberia Savings Bank formed Finesco, LLC, an affiliate of Iberia Financial Services and subsidiary of Iberia Savings Bank, to provide competitive rates for commercial and personal insurance premiums.

1995 brought yet another change – ISB Financial Corporation, the holding company for Iberia Savings Bank was formed and incorporated. ISB Financial Corporation was designed to acquire all the Iberia Savings capital stock. Two years later, in 1997, Iberia Savings Bank was renamed IBERIABANK, changing to a Louisiana-chartered commercial bank.

IBERIABANK – The Future

After countless name changes and growing into a commercial bank with a wide array of consumer products, IBERIBANK continues to provide their customers with unparalleled customer service and unique products to meet a wide array of needs. With products like checking accounts that accrue interest on our balances to money market accounts and mortgages, you can be sure to find what you are looking for.

IBERIABANK – The Products

IBERIABANK boasts some of the best credit card products in the industry. Alluring rewards cards with low rates and no annual fees is an attractive offer for anyone, but not just anyone can get them. To even be considered the applicant and/or co- applicant must have “excellent credit,” free from current and past negative information, collections accounts, and bankruptcies. The information that the applicant/co-applicant provides on the application will be verified by a real, live person, not electronically like most credit card issuers. This does result in a much lower acceptance level, but so far this model has worked out well for IBERIABANK. By keeping its lending standards higher, IBERIABANK has been able to weather the financial crisis a bit better than some other banks. If you have the credit score, can meet their requirements, and are willing to wait, the rewards are well worth it.

IBERIABANK also provides mortgage lending to well-qualified applicants, as well as various business accounts to help get your business off the ground. They recommend visiting one of their local branches to speak with a relationship banker to determine the products and services that are right for you.