Iberiabank, a regional bank with locations in 12 states, is celebrating its 125th anniversary, the company announced. The company started in Louisiana in 1887, and has grown to 173 bank branch locations and offers four Visa credit cards.
The bank has made its name in Louisiana, Arkansas, Tennessee, Alabama and Florida as a locally focused institution, that offers private banking, retail, mortgage, investment and commercial management services in addition to its Visa cards. It offers its Visa cards only to customer's with excellent credit scores and verifiable income, but it also offers fairly low interest rates. A sampling of Iberiabank card offers, including purchase APR's which are dependent on creditworthiness, includes:
- Iberiabank Visa Classic - Variable purchase APR of 7.25 percent to 13.25 percent.
- Iberiabank Visa Platinum -- Variable purchase APR of 9.25 percent to 15.25 percent APR; earn one point for each $1 spent in qualifying purchases.
- Iberiabank Visa Select - The only Iberiabank card with an annual fee, currently $35. Variable purchase APR of 7.50 percent to 11.50 percent.
- Iberiabank Visa Gold - Variable purchase APR of 9.25 percent to 15.25 percent; 1 percent cash back for qualifying purchases.
Each card has an introductory balance transfer offer of 1.99 percent for a limited time depending on the card. A 2 percent foreign transaction fee is standard for all cards as is a 2-percent balance transfer fee with the exception of the Iberiabank Visa Select card which has a 3 percent balance transfer fee and foreign transaction fee.
Iberiabank is a publicly traded company. According to its press release, the senior leadership celebrated the bank's milestone anniversary on March 13 by ringing the bell at the NASDAQ opening. The bank marked the occasion with giveaway iPads at its branch locations and through its Facebook page. It also gave away more than $12,500 worth of fuel at gas stations throughout its service areas by giving random customers up to $15 worth of free gas.