Lafayette-based IberiaBank Corp. today announced that has commenced an underwritten public offering of $300 million of its common stock, according to an article on Yahoo Finance. The 122-year-old bank intends the use proceeds generated from the stock sale “for general corporate purposes, including to fund possible future acquisitions of other financial services businesses (which may include FDIC-assisted transactions), working capital needs and investments in subsidiaries to support continued growth.”
IberiaBank’s rapid growth over the last few years and its relatively stunning success in acquiring market share are detailed in The Independent’s Nov. 25, 2009 cover story, “A Defining Moment,” as well as the Jan. 28 INDsider blog, “IberiaBank’s record year.”
David Calhoun and Elizabeth “EB” Brooks are the first two employees of Lafayette Central Park Inc., the nonprofit charged with turning Lafayette Consolidated Government’s 100-acre Johnston Street Horse Farm property into a passive public park. Calhoun was named executive director, and Brooks is director of planning and design.
There will soon be a whole lot of shakin’ going on at Benny’s Sportshack Supplement Depot, a new concept by Opelousas native Benny Nele. Located at 2002 Johnston St., the supplement shop, smoothie bar and café, featuring hot off the press paninis and wraps, plans to open in late May.