This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

IBERIABANK Corporation Announces Receipt Of Regulatory Approvals For Acquisitions Of Florida Gulf Bancorp, Inc. And Florida Gulf Bank





LAFAYETTE, La., June 4, 2012 /PRNewswire/ -- IBERIABANK Corporation (NASDAQ: IBKC), the holding company of IBERIABANK ( www.iberiabank.com), announced today the Federal Reserve Bank of Atlanta has approved the application of IBERIABANK Corporation to acquire Florida Gulf Bancorp, Inc.  In addition, the Federal Reserve Bank of Atlanta and the Louisiana Office of Financial Institutions have approved the applications of IBERIABANK to acquire Florida Gulf Bank.  Completion of the acquisitions remains subject to approval by shareholders of Florida Gulf Bancorp, Inc. and satisfaction of customary closing conditions.

Florida Gulf Bancorp, Inc. is the holding company for Florida Gulf Bank with headquarters in Fort Myers, Florida.  At March 31, 2012, Florida Gulf Bancorp, Inc. had total assets of $376 million, $248 million in net loans, and $302 million in total deposits.

At March 31, 2012, IBERIABANK Corporation ("the Company") had total assets of $11.8 billion, shareholders' equity of $1.5 billion, and a tangible common equity ratio of 9.64%.  The Company's common stock trades on the NASDAQ Global Select Market under the symbol "IBKC."

IBERIABANK Corporation is a bank holding company headquartered in Lafayette, Louisiana.  The Company has 266 combined offices, including 175 bank branch offices in Louisiana, Arkansas, Tennessee, Alabama, Texas, and Florida, 22 title insurance offices in Arkansas and Louisiana, and mortgage representatives in 60 locations in 12 states.  The Company has eight locations with representatives of IBERIA Wealth Advisors in four states, and one office of IBERIA Capital Partners, L.L.C.

Additional Information About The Florida Gulf Bancorp, Inc. Transaction

In connection with the proposed merger, IBERIABANK Corporation will file with the Securities and Exchange Commission ("SEC") a Registration Statement on Form S-4 that will contain a proxy statement/prospectus for shareholders of Florida Gulf Bancorp, Inc.  BEFORE MAKING ANY VOTING OR INVESTMENT DECISIONS, INVESTORS ARE URGED TO CAREFULLY READ THE PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.  Investors may obtain a free copy of the proxy statement/prospectus (when it is available) and other documents containing information about IBERIABANK Corporation and Florida Gulf Bancorp, Inc., without charge, at the SEC's web site at http://www.sec.gov .  Copies of the proxy statement/prospectus and the SEC filings that will be incorporated by reference in the proxy statement/prospectus may also be obtained, when available, for free from the IBERIABANK Corporation website, http://www.iberiabank.com , under the heading "Investor Information".  In addition, documents filed with the SEC for IBERIABANK Corporation will be available free of charge from the Secretary, IBERIABANK Corporation, 200 West Congress Street, 12 th Floor, Lafayette, Louisiana 70501 (337-521-4003).



1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,083.91 +3.77 0.02%
S&P 500 2,113.51 -4.18 -0.20%
NASDAQ 5,068.4550 -23.63 -0.46%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs