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IBERIABANK purchases stake in Liberty Financial Services


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IBERIABANK purchases stake in Liberty Financial Services

Lafayette,La.-based IBERIABANKCorp. invested $1.5 million in New Orleans-based , whichtranslates into a less than 5% stake in Liberty.

LibertyFinancial President and CEO Alden McDonald Jr. stated in an Oct. 5 news releasethat the additional capital will be used for institutional growth and theexpansion of products and services.

LibertyFinancial Services is the parent company of Liberty Bank and Trust Co.