M&A Deal Summary

IBERIABANK Acquires Acadiana Bancshares

On February 28, 2003, IBERIABANK acquired financial services company Acadiana Bancshares for 50M USD

Acquisition Highlights
  • This is IBERIABANK’s 4th transaction in the Financial Services sector.
  • This is IBERIABANK’s 14th largest (disclosed) transaction.
  • This is IBERIABANK’s 4th transaction in the United States.
  • This is IBERIABANK’s 3rd transaction in Louisiana.

M&A Deal Summary
Date 2003-02-28
Target Acadiana Bancshares
Sector Financial Services
Buyer(s) IBERIABANK
Deal Type Add-on Acquisition
Deal Value 50M USD

Target

Acadiana Bancshares

Lafayette, Louisiana, United States
Acadiana Bancshares, Inc. serves as the holding company for LBA Savings Bank. Company provides various banking services and products for commercial and Individuals.

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Buyer(S) 1

Buyer

IBERIABANK

Lafayette, Louisiana, United States
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 4 of 19
Sector (Financial Services) 4 of 19
Type (Add-on Acquisition) 3 of 13
State (Louisiana) 3 of 8
Country (United States) 4 of 19
Year (2003) 1 of 1
Size (of disclosed) 14 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-09-11 Bank One Corp - 17 Branches

United States

Bank One Corp - 17 full-service branch offices had aggregate deposits of approximately $478 million.

Buy $31M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-28 Alliance Bank of Baton Rouge

Baton Rouge, Louisiana, United States

Alliance Bank of Baton Rouge is a commercial bank that offers personal and business banking services.

Buy $18M
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