LAFAYETTE, La., Aug. 8, 2016 /PRNewswire/ -- MidSouth Bancorp,
Inc. ("MidSouth") (NYSE:MSL) As part of its ongoing
succession planning strategy, MidSouth Bancorp, Inc. today reported
that the Board of Directors of MidSouth Bank has approved the
promotion of Troy Cloutier to Chief
Executive Officer of MidSouth Bank, effective November 1, 2016. Mr. Cloutier has served as
President of MidSouth Bank for the past year. As President and CEO,
he will assume more responsibility for managing the daily
operations of MidSouth Bank's two-state franchise.
Mr. Cloutier previously held the position of Chief Banking
Officer and Senior Executive Vice President of MidSouth Bank since
January 2011 and before that was
Regional President for more than eight years.
Troy Cloutier, the son of
MidSouth Bank founding President and CEO Rusty Cloutier, has been with MidSouth Bank
since 1992.
Rusty Cloutier will remain
President and CEO of MidSouth Bancorp, Inc., MidSouth Bank's
holding company.
"Working under Rusty for the past 24 years has thoroughly
prepared me for this very important role in guiding the future of
our company," Troy Cloutier said.
"He has instilled in me, and all of us at MidSouth Bank, a strong
work ethic, vision and a moral compass to always do what is right
by our customers, shareholders and community. We are all immensely
grateful for his strong leadership and look forward to a smooth
transition for this new management structure."
Longtime MidSouth Bank Board Chairman Will Charbonnet Sr. said he has the utmost
confidence in Troy Cloutier's
ability to lead the bank through challenging and prosperous times.
"Time and again Troy has demonstrated outstanding leadership and
excellent critical and strategic thinking," Mr. Charbonnet noted.
"We have watched him grow into this role and are excited about the
future of the bank under his guidance."
About MidSouth Bancorp, Inc.
MidSouth Bancorp, Inc. is a financial holding company headquartered
in Lafayette, Louisiana, with
assets of $1.9 billion as of
June 30, 2016. MidSouth Bancorp, Inc.
trades on the NYSE under the symbol "MSL." Through its wholly owned
subsidiary, MidSouth Bank, N.A., MidSouth offers a full range of
banking services to commercial and retail customers in Louisiana and Texas. MidSouth Bank currently has 57
locations in Louisiana and
Texas and is connected to a
worldwide ATM network that provides customers with access to more
than 55,000 surcharge- free ATMs. Additional corporate information
is available at MidSouthBank.com.
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SOURCE MidSouth Bancorp, Inc.