IberiaBank Corp. has received regulatory approvals for its three previously announced pending bank acquisitions and shareholder approvals for two of the transactions.
IberiaBank obtained regulator and shareholder approvals for Florida Bank Group in Tampa and Old Florida Bancshares Inc. in Orlando. It expects to complete the Florida Bank Group acquisition on Feb. 28 and the Old Florida acquisition on March 31.
IberiaBank has regulator approvals for its acquisition of Georgia Commerce Bancshares Inc. in Atlanta, and expects to complete the deal in the second quarter, subject to customary closing conditions, including shareholder approval.
At Dec. 31, the three pending acquisitions had total assets of $3.0 billion, gross loans of $2.1 billion and total deposits of $2.5 billion.