iberiabank corp (IBKC) Key Developments
IBERIABANK Corporation Announces to Pay Quarterly Cash Dividend Payable on April 24, 2015
Mar 17 15
IBERIABANK Corporation announced that it will pay a quarterly cash dividend on its common stock of $0.34 per share on April 24, 2015 to shareholders of record on March 31, 2015. The company has maintained its dividend rate from the previous quarter.
IberiaBank Corp. Proposes Amendment to the Articles of Incorporation
Feb 27 15
IberiaBank Corp. announced that a Special Meeting of Shareholders will be held on March 31, 2015, to consider approval of a proposed amendment to the Corporation's Articles of Incorporation to increase the number of authorized shares of common stock, par value $1.00 per share, from 50 million to 100 million.
IBERIABANK Corporation Announces Executive Changes, Effective February 28, 2015 and April 1, 2015
Feb 25 15
IBERIABANK Corporation reported the receipt of regulatory approvals for its three previously announced pending acquisitions and shareholder approvals for two of these transactions, along with an update regarding expected closing dates. At December 31, 2014, the three pending acquisitions had total assets of $3.0 billion, gross loans of $2.1 billion, and total deposits of $2.5 billion. Florida Bank Group Inc.: On October 3, 2014, the Company announced the signing of a definitive agreement to acquire by merger Florida Bank Group, based in Tampa, Florida. Susan Martinez, President and Chief Executive Officer of Florida Bank Group will become the Company's Florida Regional President effective February 28, 2015. Old Florida Bancshares Inc.: On October 27, 2014, the Company announced the signing of a definitive agreement to acquire by merger Old Florida, based in Orlando, Florida. John O. Burden, Sr., President and Chief Executive Officer of Old Florida will become Market President for Central Florida effective April 1, 2015. Georgia Commerce Bancshares Inc.: On December 8, 2014, the Company announced the signing of a definitive agreement to acquire by merger Georgia Commerce, based in Atlanta, Georgia. Mark W. Tipton, Chairman and Chief Executive Officer of Georgia Commerce will become Georgia Regional President, and Rodney L. Hall, President of Georgia Commerce, will become Market President for Atlanta effective upon completion of the merger transaction.
IberiaBank Corp. Declares Quarterly Cash Dividend
Jan 29 15
On December 15, 2014, IberiaBank Corp. declared a quarterly cash dividend of $0.34 per share. This dividend level equated to an annualized dividend rate of $1.36 per share and an indicated dividend yield of 2.46%.
IberiaBank Mulls Acquisitions
Jan 29 15
IberiaBank Corp. (NasdaqGS:IBKC) may look at acquisition opportunities. Daryl Byrd, President and Chief Executive Officer of IberiaBank said: “In fact, we and our clients may seek some unique buying opportunities over the next couple of years if others potentially struggle.” He added: “Our conversion integration teams with each of our merger partners are making excellent progress and remain on track. We continue to see some excellent merger partner opportunities; however, with the three acquisitions and four conversions to successfully complete, those activities are naturally our primary focus.”