M&A Deal Summary

IBERIABANK Acquires Bank One Corp - 17 Branches

On September 11, 1998, IBERIABANK acquired financial services company Bank One Corp - 17 Branches from Bank One for 31M USD

Acquisition Highlights
  • This is IBERIABANK’s 3rd transaction in the Financial Services sector.
  • This is IBERIABANK’s 16th largest (disclosed) transaction.
  • This is IBERIABANK’s 3rd transaction in the United States.

M&A Deal Summary
Date 1998-09-11
Target Bank One Corp - 17 Branches
Sector Financial Services
Buyer(s) IBERIABANK
Sellers(s) Bank One
Deal Type Divestiture
Deal Value 31M USD

Target

Bank One Corp - 17 Branches

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

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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 3 of 19
Sector (Financial Services) 3 of 19
Type (Divestiture) 1 of 4
Country (United States) 3 of 19
Year (1998) 1 of 1
Size (of disclosed) 16 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-10-18 Jefferson Bancorp

Gretna,, Louisiana, United States

Jefferson Bancorp, Inc provides business and personal banking products and services. Jefferson Bancorp which has seven offices in Jefferson and Orleans Parishes.

Buy $52M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-02-28 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.

Buy $50M

Seller(S) 1

SELLER

Bank One

Chicago, Illinois, United States
Category Company
Founded 1998
Sector Financial Services
Employees71,196
DESCRIPTION

Bank One is a bank holding company, with assets of $290 billion. Bank One has more than 51 million credit cards issued, and serves nearly 7 million retail households and more than 20,000 middle market customers. It also manages $175 billion of clients' investment assets. Bank One is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (1998) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-06-27 First USA

Dallas, Texas, United States

First USA, Inc., provides various card services. First USA provides banking operations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-10-02 First Chicago NBD

Chicago, Illinois, United States

First Chicago NBD Corp., provides banking products and services.

Buy -
Mergr

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