MORGAN CITY, La. – December 17, 2025 – MC Bancshares (“MCBI”), the holding company for M C Bank & Trust Company (collectively, “M C Bank”), announced today it has entered into a definitive agreement to merge with DMMS Purchaser, Inc. (“DMMS”), an investor group led by Daryl Byrd, former chief executive officer of IBERIABANK Corp.
According to a statement released by M C Bank, the transaction represents a strategic partnership built on a shared commitment to exceptional customer service and a collaborative, team-oriented culture, with the goal of creating a strong and meaningful regional banking franchise. Upon completion of the merger, the combined company will continue to operate under the M C Bank name.
Founded in 1955 in Morgan City, Louisiana, M C Bank currently operates 10 banking centers across Southeast Louisiana. Three additional locations are in the final planning stages, including a second branch in Covington and new banking centers in Uptown New Orleans and on West Main in Houma.
“The combination of our associates and the DMMS team creates a powerful alignment of talent, experience, and vision that will propel the bank forward in ways only true collaboration can,” said Chris LeBato, chief executive officer of M C Bank. LeBato joined the bank in the summer of 2021 after spending 10 years with IBERIABANK.
“We look forward to welcoming the DMMS team to M C Bank once regulatory and shareholder approvals are received,” said Kenny Nelkin, chairman of the board for M C Bank. “This partnership is positioned to deliver significant benefits for our shareholders, clients, communities, and associates.”
All M C Bank associates will be retained, and no banking centers will close as a result of the transaction. The merger is subject to regulatory and shareholder approvals, which are expected to be completed in the first half of 2026.
