IberiaBank completes First Private acquisition


LAFAYETTE, La. (AP) — Lafayette-based IberiaBank Corp. has completed its $64 million acquisition of First Private Holdings Inc. and its subsidiary bank, First Private Bank, both of which are based in Dallas.

The Advocate reports ( ) IberiaBank announced the acquisition in February.

In March 31, 2014, First Private Bank had two Dallas-area branches, $277 million in loans and $319 million in total deposits.

The rapidly growing IberiaBank has $13.6 billion in assets and some 2,600 employees in 280 offices spread throughout half a dozen states.


Information from: The Advocate,

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