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Fed approves IBERIABANK/Gibraltar deal

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Fed approves IBERIABANK/Gibraltar deal

The Federal Reserve Board has signed off on IBERIABANK Corp.'s pending acquisition of Gibraltar Private Bank & Trust Co.

The companies have now received all requisite regulatory and shareholder approvals.

Lafayette, La.-based IBERIABANK in October 2017 announced the planned purchase of Coral Gables, Fla.-based Gibraltar. The all-stock deal was valued at $223 million at the time. The parties expect to close the merger March 23, with branch and systems conversions to occur over the weekend of March 23 to 25.