An investor group led by former IBERIABANK executives has completed the merger of MC Bancshares with DMMS Purchaser, alongside a capital raise exceeding $225 million from more than 550 investors. The combined entity will operate as MC Bancshares.
The transaction significantly strengthens the bank’s capital base, exceeding the initial $175 million target, and reflects strong investor confidence in the leadership team and growth strategy. The capital will support expansion into new markets, including Atlanta and Baton Rouge, while reinforcing the bank’s existing presence across Louisiana.
The merger positions MC Bancshares to scale as a regional banking platform focused on relationship-driven service, supported by investments in technology and operational capabilities. The leadership team includes experienced banking executives with a track record of growth and value creation.
The combined organization aims to build on its legacy while expanding its geographic footprint and enhancing its ability to serve customers and communities across the Southeast.
KEY QUOTES:
“This response has been humbling. The depth and breadth of support we saw in such a short period of time reflects the confidence investors – many of whom are expected to also be future clients – have in our team, our strategy, and the opportunity we see to build a meaningful regional banking franchise.”
Daryl Byrd, Chief Executive Officer And Chairman, MC Bancshares
“We could not be more pleased with the tremendously positive response we saw from investors, particularly those in Georgia and Louisiana. Starting with such strong investor support from the communities we will serve provides a solid capital foundation as we build our brand in strong Southeastern markets.”
Mark Tipton, President, M C Bank & Trust Company
“This milestone represents the beginning of an exciting new chapter for MCBI and MCBANK. MCBANK has built something special over the past 70 years – a bank grounded in relationships and community. We are excited to build on that legacy while investing in the people, technology, and capabilities needed to support continued growth.”
Kenneth Nelkin, Board Member, MC Bancshares And M C Bank & Trust Company
“This level of investor support for this group of seasoned banking executives, by local business and community leaders, is a powerful vote of confidence in the strength of regional banking. We are proud to have played a role in this landmark transaction.”
Thomas B. Michaud, Chief Executive Officer, Keefe Bruyette & Woods
