IberiaBank Corp. to buy Gibraltar Private Bank & Trust

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IberiaBank Corporation, stylized as IBERIABANK, is an American financial holding company headquartered in Lafayette, LA and the largest bank based in Louisiana. Founded in 1887, it now has 325 combined locations, including 190 bank branches and three loan production offices in 12 states primarily throughout the South.

2012 Farlex, Inc. All Rights Reserved. Want to thank. Regulators Clear Louisiana's Iberiabank to Close Acquisition of gibraltar private bank and Trust. To date.

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LAFAYETTE, La. and CORAL GABLES, Fla., Oct. 19, 2017 /PRNewswire/ — IBERIABANK Corporation (NASDAQ: IBKC) ("IBKC"), holding company of the 130-year-old IBERIABANK (www.iberiabank.com) and Gibraltar Private Bank & Trust Co. ("Gibraltar "), jointly announced today the signing of a definitive agreement for IBKC to acquire Gibraltar through the merger of Gibraltar with and into IBERIABANK.

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Fixed exchange ratio of 1.9749 shares of IBERIABANK common stock for each Gibraltar Private Bank & Trust, Co. ("Gibraltar") share within price collars and floating exchange ratios outside collars(1) Consideration Deal Value Valuation Multiples Required approvals timing 3 million for total equity(2) outstanding based on IBERIABANK