Troy Cloutier has been named president of Lafayette-based MidSouth Bank by its board of directors.
Cloutier served as chief banking officer and senior executive vice president since January 2011 and previously was regional president for more than eight years. He also will retain the title of chief banking officer. He has been with the bank since 1992 and is the son of MidSouth Bank’s founding president and chief executive officer, Rusty Cloutier.
Rusty Cloutier remains CEO of MidSouth Bank and also retains his positions as president and CEO of the bank’s holding company, MidSouth Bancorp Inc.
As president, Troy Cloutier will take on more of the responsibilities of managing the bank, following a national trend among various industries of splitting the role of president and CEO between two individuals.
MidSouth said the move will help the individuals more effectively run the day-to-day operations of the bank’s two-state franchise, with special emphasis on East Texas, where the $2 billion bank has ongoing expansion plans.
“Troy joined the bank when he was 18 years old and has been highly successful in every challenging position we have asked him to serve,” long-time MidSouth Bank Chairman Will Charbonnet Sr. said. “He has proven himself time and again and, in particular, showed impressive leadership ability after the tragic loss of Chief Operating Officer Jerry Reaux in early 2014.”