Did you hear some top executives with IberiaBank Mortgage Co. in Little Rock recently left to join Eagle Bank & Trust of Little Rock?
Included in the move was Bill Edwards, who was the president and CEO of IberiaBank Mortgage, which originated $436.9 million worth of mortgages in 2016, the third busiest in the state. He is now CEO of Eagle’s mortgage department.
Eagle also landed Chuck Quick, who was Iberia Mortgage’s former president and CEO and had retired from that position in 2014. Quick is Eagle’s mortgage operations consultant.
David Bryles was an executive vice president at Iberia Mortgage and now is Eagle’s chief operations officer for its mortgage department.
James Quick had been vice president of secondary marketing at Iberia Mortgage and is now Eagle’s senior vice president and mortgage secondary marketing manager.
“We already have a very successful secondary mortgage operation,” said Cathy Owen, chairman at Eagle Bank. “We saw an opportunity and were fortunate enough to be able to take advantage of it.”
Eagle Bank had originated $102.8 million worth of mortgages in 2016, which put it at No. 12 on Arkansas Business’ list of largest mortgage lenders ranked by total value. Owen didn’t have a projection for what the total would be this year.
Eagle’s mortgage department, though, only started about three years ago and is led by Lee Welfel, who remains its president of mortgage lending.
Owen said the mortgage department expects to keep growing.
“We are looking a multiple opportunities right now, but we aren’t ready to make any announcements,” she said.