M&A Deal Summary

IBERIABANK Acquires Sabadell United Bank NA

On February 28, 2017, IBERIABANK acquired financial services company Sabadell United Bank NA from Banco de Sabadell SA for 1.0B USD

Acquisition Highlights
  • This is IBERIABANK’s 18th transaction in the Financial Services sector.
  • This is IBERIABANK’s largest (disclosed) transaction.
  • This is IBERIABANK’s 18th transaction in the United States.
  • This is IBERIABANK’s 4th transaction in Florida.

M&A Deal Summary
Date 2017-02-28
Target Sabadell United Bank NA
Sector Financial Services
Buyer(s) IBERIABANK
Sellers(s) Banco de Sabadell SA
Deal Type Divestiture
Deal Value 1.0B USD
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
Hunton & Williams LLP (Legal)

Target

Sabadell United Bank NA

Miami, Florida, United States
Sabadell United Bank NA is a provider of banking and wealth management services to corporate and individual customers through its 26 branch locations located in Dade, Broward, Palm Beach, Hillsborough, Sarasota, and Collier Counties, in Florida.

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Buyer(S) 1

Buyer

IBERIABANK

Lafayette, Louisiana, United States

website

Category Company
Founded 1887
Sector Financial Services
Employees3,384
Revenue 1.2B USD (2018)
DESCRIPTION

IBERIABANK Corp. is a financial holding company with 280 combined offices, including 188 bank branch offices and three loan production offices in Louisiana, Arkansas, Tennessee, Alabama, Texas, and Florida, 23 title insurance offices in Arkansas and Louisiana, mortgage representatives in 57 locations in 10 states. IBERIABANK was founded in 1887 and is based in Lafayette, Louisiana.

DEAL STATS #
Overall 18 of 19
Sector (Financial Services) 18 of 19
Type (Divestiture) 4 of 4
State (Florida) 4 of 5
Country (United States) 18 of 19
Year (2017) 1 of 2
Size (of disclosed) 1 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-31 Old Florida Bancshares

Orlando, Florida, United States

Old Florida Bancshares, Inc. operates as a Financial Holding Company for Old Florida National Bank. The company, through its subsidiary, offers personal and commercial banking services.

Buy $238M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-19 Gibraltar Private Bank & Trust

Coral Gables, Florida, United States

Gibraltar Private Bank & Trust Co. is a boutique firm providing comprehensive wealth management and private banking services tailored to meet the needs of wealthy individuals and their families, successful businesses, foundations and nonprofit organizations.

Buy $223M

Seller(S) 1

SELLER

Banco de Sabadell SA

Barcelona, Spain

website

Category Company
Sector Financial Services
DESCRIPTION

Banco de Sabadell SA is a chartered commercial bank provides financial products and services in Spain.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-07 Caja de Ahorros del Mediterraneo

Alicante, Spain

Caja de Ahorros del Mediterraneo is a provider of financial services in spain.

Buy -
Mergr

Product

Company

Legal