Lafayette, La.-based IberiaBank Corp. has promoted senior vice president Jamey Vaught to president of the company’s Northwest Arkansas market. The position has been empty for several months following Chris Howe’s departure to lead Little Rock-based Encore Bank’s entry into the regional banking market.
Vaught joined IberiaBank in 2012 as a commercial relationship manager. He has over 25 years of experience in banking in Northwest Arkansas.
“As a well-regarded leader in the community, we are excited to name Jamey as the leader of our Northwest Arkansas region,” Greg Smithers, IberiaBank’s regional president responsible for Arkansas and Tennessee, said in a statement. “His experience in the industry and knowledge of the market adds tremendous value to our team and clients.”
Vaught is a Northwest Arkansas native who lives in Fayetteville and is a University of Arkansas graduate. He is also a graduate of Stonier Graduate School of Banking at the University of Pennsylvania, National Commercial Lending School at the University of Oklahoma, and currently serves as board chair for Junior Achievement of Northwest Arkansas.
IberiaBank Corp. is a financial holding company with 319 combined locations, including 191 bank branch offices and three loan production offices, in Louisiana, Arkansas, Tennessee, Alabama, Texas, Florida, Georgia, South Carolina, North Carolina, Mississippi, Missouri and New York, 28 title insurance offices in Arkansas, Tennessee and Louisiana, and mortgage representatives in 82 locations in 12 states. According to the most recent data available from the Federal Deposit Insurance Corp. (FDIC), the company has assets of $31.6 billion.
IberiaBank has 16 Arkansas banking locations, four of them in Benton and Washington counties — one each in Bentonville, Fayetteville, Rogers and Springdale. Vaught’s office is at 706 S. Walton Blvd. in Bentonville.
In terms of bank deposits, IberiaBank held $158.47 million in its four Northwest Arkansas offices, according to the most recent Summary of Deposits report compiled by the FDIC. That represents 1.46% of the total market share.