Скачать или смотреть Iberiabank to Acquire Omnibank, Assets of Florida Trust

Iberiabank (IBKC) today announced that it has signed an agreement to acquire Metairie, New Orleans-based Omnibank, as well as certain assets of Florida Trust, a subsidiary of Bank of Florida. The transaction with Omnibank met the approval of both companies' boards of directors and is expected to close in the second quarter of 2011. Under the agreement, shareholders of Omnibank will receive about a third of a share of IBKC common stock per share of OMNI common stock. For IBKC's purchase of Florida Trust's assets, an initial payment of $700,000 and an additional performance payment of up to $700,000 a year after the transaction is completed, will be required. Shares are down 1.03% to $56.58.