IberiaBank to acquire Florida Gulf Bancorp in Fort Myers

July 26, 2012 

IberiaBank Corp., the holding company for IberiaBank announced Thursday the shareholders of Florida Gulf Bancorp, Inc. have approved its acquisition of Florida Gulf Bancorp, Inc. in Fort Myers.

"Today's overwhelming approval by our shareholders is the final step in the process to consummate this transaction. We are excited to become part of the IberiaBank family," said William P. Valenti, president and chief executive officer of Florida Gulf.

Florida Gulf Bancorp, Inc. is the holding company for Florida Gulf Bank with headquarters in Fort Myers. At June 30, 2012, Florida Gulf Bancorp, Inc. had total consolidated assets of $357 million, $240 million in net loans, and $287 million in total deposits.

At June 30, 2012, IberiaBank Corp. had total consolidated assets of $12.1 billion, shareholders' equity of $1.5 billion, and a tangible common equity ratio of 9.37 percent.

IberiaBank Corp. is a bank holding company headquartered in Lafayette, La. It has 269 combined offices, including 179 bank branch offices in Louisiana, Arkansas, Tennessee, Alabama, Texas, and Florida, 22 title insurance offices in Arkansas and Louisiana, and mortgage representatives in 59 locations in 12 states.

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