Lafayette, La.-based IBERIABANKCorp. on May 9 issued an aggregate of 2.3 million depositary shares,according to a Form 8-K filing.
The shares each represent a 0.0025 ownership interest in a shareof the company's 6.60% fixed-to-floating non-cumulative perpetual preferred stockseries C, par value $1.00 per share. The liquidation preference for the shares is$10,000 per preferred share, equivalent to $25 per depositary share, which represents$57.5 million in aggregate liquidation preference.
Keefe Bruyette & Woods Inc. and Merrill Lynch Pierce Fenner& Smith Inc. served as underwriters.