M&A Deal Summary

IBERIABANK Acquires Teche Holding

On May 31, 2014, IBERIABANK acquired financial services company Teche Holding from MRP for 161M USD

Acquisition Highlights
  • This is IBERIABANK’s 13th transaction in the Financial Services sector.
  • This is IBERIABANK’s 5th largest (disclosed) transaction.
  • This is IBERIABANK’s 13th transaction in the United States.
  • This is IBERIABANK’s 8th transaction in Louisiana.

M&A Deal Summary
Date 2014-05-31
Target Teche Holding
Sector Financial Services
Buyer(s) IBERIABANK
Sellers(s) MRP
Deal Type Divestiture
Deal Value 161M USD
Advisor(s) Sheshunoff & Co. Investment Banking (Financial)
Spidi & Fisch PC (Legal)

Target

Teche Holding

New Iberia, Louisiana, United States
Teche Holding Company operates as the holding company for Teche Federal Bank that provides various financial services.

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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 13 of 19
Sector (Financial Services) 13 of 19
Type (Divestiture) 3 of 4
State (Louisiana) 8 of 8
Country (United States) 13 of 19
Year (2014) 2 of 3
Size (of disclosed) 5 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-21 Synovus Financial Corp - Tennessee Branches

Memphis, Tennessee, United States

Synovus Financial Corp -Tennessee Branches offers integrated financial services, including commercial and retail banking, financial management, insurance, and mortgage services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-30 First Private Holdings

Dallas, Texas, United States

First Private Holdings is a provider of various banking services and products for commercial and individuals. First Private Bank reported total assets of approximately $357 million and total deposits of approximately $318 million as of December 31, 2013.

Buy $64M

Seller(S) 1

SELLER

MRP

New Iberia,, Louisiana, United States
Category Company
Founded 2008
Sector Financial Services
DESCRIPTION

MRP LLC is a Louisiana Limited-Liability Company. Company provides various financial services in the United States.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal