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Hibernia Names Waters to Lead Greater New Orleans Region; Stuart Appointed Baton Rouge City President.

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Hibernia (NYSE:HIB) has named 28-year banker S. Kyle Waters as chairman of the company's $3.6-billion-deposit Greater New Orleans Region. Waters was chairman of the South Central Louisiana Region and Baton Rouge city president. Robert M. Stuart, Jr., will succeed Waters as Baton Rouge city president. A new chairman for the South Central Louisiana Region will be named in the near future.

Hibernia's community banking markets are organized into eight regions, each headed by a chairman and divided into trade areas whose primary missions are service and sales. The company's small-business division also operates within these regions. This structure flattens the Hibernia organization so decision-making and service are conducted closer to customers. Each appointment is effective immediately.

Waters, 49, is a New Orleans native. He replaces Paul J. Bonitatibus, who was promoted last week to chief community banking executive.

"Kyle has earned a reputation as one of our best community bankers," said President and CEO J. Herbert Boydstun. "We're fortunate to have someone with his depth of experience and knowledge to lead this key market." The Greater New Orleans Region is Hibernia's largest, a seven-parish region that includes the New Orleans area and the North Shore.

Waters received a bachelor's degree in business management from the University of Southwestern Louisiana. He also graduated from the School of Banking of the South at Louisiana State University and the National Commercial Lending School at the University of Oklahoma. Waters joined Hibernia in 1973.

As a result of today's announcement, he will relinquish his roles as chairman of the Greater Baton Rouge Chamber of Commerce, secretary of the Baton Rouge Area Foundation and board member of the local advisory committee for the Local Initiatives Support Corp. Waters is past chairman of the Woman's Hospital Foundation and has served on the boards of the Arts Council of Greater Baton Rouge, Capital Area United Way, Sunrise Rotary Club, Junior Achievement, Salvation Army, Crime Stoppers and Friends of Louisiana Public Broadcasting.

Waters received the 2000 "Volunteer Activist" Award from Volunteer Baton Rouge and the 1999 "Community Service Award" from the Baton Rouge branch of the NAACP, as well as the 1995 "Democracy in Housing" award from the Baton Rouge Association of Real Estate Brokers.

Stuart, 44, is a Baton Rouge native with 21 years of banking experience. As Baton Rouge city president, he will direct service, sales and operations for the area, ensuring that all Hibernia operations are responsive to customers, understand customers' needs and provide financial solutions that help them achieve their goals. He also will continue to lead Hibernia's middle-market corporate banking efforts in southcentral and southwest Louisiana, as well as southeast Texas.

"Rob is an ideal leader for Baton Rouge, because he knows the area, and its consumers and business people know him," Boydstun said. Stuart joined the company when Fidelity National Bank merged with Hibernia in 1986.

He received bachelor's and master's degrees, both in finance, from Louisiana State University. Stuart has served as president of the East Baton Rouge Parish chapter of the American Heart Association and as a director of the Louisiana Resource Center for Educators, the Istrouma Area Council Boy Scouts and St. James Place, a retirement-living community.

Hibernia, a Fortune 1000 company, has $16.7 billion in assets and 263 locations in 34 Louisiana parishes, 16 Texas counties and two Mississippi counties. Hibernia is the leader in Louisiana with 23.3% of deposits and in its Texas market area with 10.7%. Hibernia Corporation's common stock (HIB) is listed on the New York Stock Exchange. News releases, product and service information, and other useful data are available at Requests for information about products and services can be e-mailed to
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Publication:Business Wire
Date:Feb 5, 2001
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