Daryl G. Byrd, President and Chief Executive Officer of IBKC, commented, "We welcome the clients, associates, and shareholders of Gibraltar Private Bank & Trust to the IBERIABANK family.
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 $223 million for total equity(2) outstanding based on IBERIABANK
IBERIABANK Corporation ("IBKC"), holding company of the 130-year-old IBERIABANK (www.iberiabank.com) and Gibraltar Private Bank & Trust Co. ("Gibraltar"), jointly announced the signing of a definitive agreement for IBKC to acquire Gibraltar through the merger of Gibraltar with and into IBERIABANK.
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.
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IberiaBank Corp. has received regulatory and shareholder approvals for its previously announced $223 million acquisition of Gibraltar Private Bank & Trust Co., a Coral Gables, Florida, financial.
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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.
IBERIABANK Corporation Announces Agreement to Acquire Gibraltar Private Bank & Trust Co. – IBERIABANK Corporation to acquire a Florida institution focused on. iberiabank corporation announces Agreement to Acquire Gibraltar Private Bank & Trust Co. – IBERIABANK Corporation to acquire a Florida.
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IberiaBank’s holding company announced Friday that it plans to acquire Coral Gables-based Gibraltar Private Bank & Trust Co. The all-stock transaction is valued at $223 million. The deal still needs.
Iberiabank in Lafayette, La., announced its second acquisition of the year with an agreement to buy Gibraltar Private Bank & Trust in Coral Gables, Fla., for $223 million in stock. The deal, priced at 156% of tangible book value as of June 30, would give the $28 billion-asset Iberia seven additional.