M&A Deal Summary

IBERIABANK Acquires Omni Bancshares

On February 22, 2011, IBERIABANK acquired financial services company Omni Bancshares for 64M USD

Acquisition Highlights
  • This is IBERIABANK’s 9th transaction in the Financial Services sector.
  • This is IBERIABANK’s 11th largest (disclosed) transaction.
  • This is IBERIABANK’s 9th transaction in the United States.
  • This is IBERIABANK’s 6th transaction in Louisiana.

M&A Deal Summary
Date 2011-02-22
Target Omni Bancshares
Sector Financial Services
Buyer(s) IBERIABANK
Deal Type Add-on Acquisition
Deal Value 64M USD
Advisor(s) Howe Barnes Hoefer & Arnett Inc. (Financial)
Adams & Reese (Legal)

Target

Omni Bancshares

Metairie, Louisiana, United States
OMNI is a bank holding company with 14 bank branch offices in the New Orleans and Baton Rouge markets. OMNI has branches in Jefferson, Saint John the Baptist, Orleans, East Baton Rouge and Saint Tammany parishes. As of December 31, 2010, OMNI had total assets, deposits and equity of approximately $735 million, $646 million and $31 million, respectively.

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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 9 of 19
Sector (Financial Services) 9 of 19
Type (Add-on Acquisition) 8 of 13
State (Louisiana) 6 of 8
Country (United States) 9 of 19
Year (2011) 1 of 2
Size (of disclosed) 11 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-01 Pocahontas Bancorp

Jonesboro, Arkansas, United States

Pocahontas Bancorp With about 20 full-service and in-store branch offices, the bank offers standard products and services for commercial and personal business.

Buy $78M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-31 Cameron Bancshares

Lake Charles, Louisiana, United States

Cameron Bancshares Inc. operates as a bank holding company for Cameron State Bank, which offers personal and commercial banking services.

Buy $140M
Mergr

Product

Company

Legal