NU Online News Service, April 5, 2:15 p.m. – Hibernia Corp., New Orleans, a bank holding company, has acquired Friedler-LaRocca Financial Partners, a New Orleans life insurance agency.
Herb Boydstun, Hibernia’s president, says the move will help the bank round out financial services it can offer its high-income customers.
The bank already has an in-house insurance unit, Hibernia Insurance Agency, which sells life, long-term care and disability insurance through the bank’s branches. Cortney Canevarik, general manager of that agency, will also manage the new group. The group’s name will be changed to Hibernia Friedler-LaRocca.
Both agencies are part of Hibernia’s private client group, which includes Hibernia Investments and the bank’s personal trust, institutional trust and asset management units.