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IBERIABANK Continues To Grow With Acquisitions

Wednesday, February 23, 2011 - 6:38 AMIberiabank
If you follow my Friday bank failure summaries, you probably recognize IBERIABANK. They have acquired five failed banks from the FDIC in the last two years. IBERIABANK Corporation operates two bank subsidiaries: IBERIABANK and IBERIABANK fsb with combined assets of over $10 billion with close to 200 branches in several southern states.

As described in this TheSreet article, IBERIABANK is also making acquisitions without FDIC assistance:
Iberiabank continued its expansion Tuesday, with the announcement of a deal to acquire closely-held Omni Bancshares of Metairie, La., in an exchange of shares valued at $40 million.
[...]
In a separate deal announced Tuesday, Iberiabank agreed to purchase "certain assets" from Florida Trust Co., which is a subsidiary of Bank of Florida



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Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
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