Baird served as a co-manager in this offering.
AboutIBERIABANK Corporation (NASDAQ: IBKC) (“IBERIABANK” or the “Company”) recently completed a follow-on offering of 5.97 million shares of its common stock at $57.75 per share, generating gross proceeds of approximately $345.0 million for the Company. IBERIABANK intends to use the net proceeds for general corporate purposes, including to fund possible future acquisitions of other financial services businesses (which may include FDIC-assisted transactions), working capital needs and investments in subsidiaries to support continued growth.
IBERIABANK is a multi-bank financial holding company with 209 combined offices, including 136 bank branch offices in Louisiana, Arkansas, Tennessee, Alabama, Texas, and Florida, 26 title insurance offices in Arkansas and Louisiana, and mortgage representatives in 47 locations in 12 states. At December 31, 2009, the Company had total assets of $9.7 billion, total deposits of $7.6 billion, and total shareholders’ equity of $954.2 million. The Company’s current market capitalization is approximately $1.6 billion, based on the closing stock price on March 12, 2010.
For additional information about this transaction, please contact:
- March 2010
- IBERIABANK Corporation
- Technology & Services
- Target Location
- North America
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