Add-on Acquisition • Financial Services

IBERIABANK Acquires Royal BankGroup of Acadiana

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

Acquisition Context
  • 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.

Explore All 3084 Add-on Acquisition Financial Services Deals - Search the Database Free


M&A Deal Summary

Date May 3, 1996
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 Company

Royal BankGroup of Acadiana

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

Browse All 215,158 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 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 Context for Buyer #
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