IberiaBank Corp. to buy Gibraltar Private Bank & Trust
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– IBERIABANK Corporation to acquire a Florida institution focused on private banking, residential lending, and wealth management- All stock transaction valued at $223 million- Continuing to.
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His Gibraltar-registered. its right of first refusal to buy the government’s stake, according to the joint-venture agreement. Instead, ENRC made a deal with a company controlled by Gertler’s family.
IBERIABANK Corporation Completes Acquisition of Gibraltar Private Bank & Trust Co., Stocks: NAS:IBKC, release date:. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related.
IBERIABANK Corporation (NASDAQ: IBKC) ("IBKC"), holding company of the 131-year-old IBERIABANK (www.iberiabank.com), announced the completion of the acquisition of Gibraltar Private Bank & Trust.
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.
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. We have known Angel and the Gibraltar team for quite a while and are thrilled to join forces, providing a first class banking experience for all of our clients.
IberiaBank Corp. has received regulatory and shareholder approvals for its previously announced 3 million acquisition of Gibraltar Private Bank & Trust Co., a Coral Gables, Florida, financial.
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.
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