M&A Deal Summary

IBERIABANK Acquires Royal BankGroup of Acadiana

On May 3, 1996, IBERIABANK acquired financial services company Royal BankGroup of Acadiana for 9M USD

Acquisition Highlights
  • This is IBERIABANK’s 1st transaction in the Financial Services sector.
  • This is IBERIABANK’s 18th largest (disclosed) transaction.
  • This is IBERIABANK’s 1st transaction in the United States.
  • This is IBERIABANK’s 1st transaction in Louisiana.

M&A Deal Summary
Date 1996-05-03
Target Royal BankGroup of Acadiana
Sector Financial Services
Buyer(s) IBERIABANK
Deal Type Add-on Acquisition
Deal Value 9M USD
Advisor(s) Howe Barnes Hoefer & Arnett Inc. (Financial)

Target

Royal BankGroup of Acadiana

Lafayette, Louisiana, United States
Royal BankGroup of Acadiana is a bank holding company which provides various banking services and products.

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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 1 of 19
Sector (Financial Services) 1 of 19
Type (Add-on Acquisition) 1 of 13
State (Louisiana) 1 of 8
Country (United States) 1 of 19
Year (1996) 1 of 2
Size (of disclosed) 18 of 18
FOLLOWING 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
Mergr

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