#USA #Morgan City #M C Bank #Daryl Byrd #DMMS Purchaser

MC Bancshares to Merge with DMMS Purchaser, Inc.

On December 17, 2025, MC Bancshares, the parent company of M C Bank & Trust Company, announced a significant merger with DMMS Purchaser, Inc., an investor group headed by Daryl Byrd, the former CEO of IBERIABANK Corp. This merger marks a pivotal moment for both entities, aiming to enhance customer experience and further establish a formidable presence in the regional banking sector.

A New Chapter in Banking

Established in 1955 in Morgan City, Louisiana, M C Bank has evolved to operate ten locations throughout Southeast Louisiana. With new banking centers in the pipeline, including locations in Covington, Uptown New Orleans, and Houma, the bank has solidified its reputation as a trusted partner for personal and commercial banking services.

With Byrd at the helm, the merged entity will continue to operate as M C Bank, preserving the legacy and values of both organizations. Byrd's extensive experience in the banking industry is expected to catalyze transformative growth for M C Bank. Chris LeBato, the current CEO, expressed confidence in this partnership, emphasizing that it combines the strengths and visions of both teams to propel the bank towards a successful future.

Leadership Shift

Following the merger, Daryl Byrd will take on dual roles as both Chief Executive Officer and Chairman of the holding company. The MCBI board members will maintain their positions, ensuring a seamless transition. LeBato will continue as the Vice Chairman and Chief of Staff, while several former IBERIABANK executives will also join the M C Bank team, including Mark Tipton as President, Michael Brown as Chief Operating Officer, and Scott Price as Chief Financial Officer.

Byrd's previous tenure at IBERIABANK saw significant shareholder returns, with a 1,051% increase from 2000 to 2016, positioning him as a promising leader to drive M C Bank's future successes.

Commitment to Growth

This merger is not just about expansion; it focuses on enriching the banking experience for all stakeholders, including clients, associates, and shareholders. Both organizations are committed to upholding a high level of customer service while strategically growing their banking operations. The partnership is expected to provide a solid platform for sustainable growth and innovation in banking services.

Kenny Nelkin, Chairman of the M C Bank board, shared his enthusiasm about the merger, believing it will greatly benefit shareholders, clients, and the communities they serve. The integration of the DMMS team into M C Bank is viewed as an opportunity to strengthen existing relationships and create lasting value.

Future Outlook

With this merger, an impressive capital injection will come from DMMS, positioning M C Bank well for future opportunities. The aim is to adopt a disciplined, relationship-focused approach that prioritizes long-term client success. As they move forward, MC Bancshares is prepared to navigate the regulatory landscape and complete the merger, which is expected to receive approvals in the first half of 2026.

In conclusion, the strategic merger between MC Bancshares and DMMS Purchaser, Inc. heralds a new era for the institutions involved. By leveraging combined resources and a robust leadership team, they are set to achieve their vision of becoming a leading regional banking franchise, emphasizing integrity, trust, and collaboration within the communities they serve.