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.”
... written by NORTHSIDIAN SHOTGUN , March 04, 2010 - 04:48 am
DOES THIS INSURE THE IBERIA BANK'S CEO, CFO, COO, CPO, BFF, AND THE TELLERS WILL ENJOY END OF YEAR, " BIG BUCK BONUSES ????????
... written by If is smells like fish..... , March 06, 2010 - 05:50 pm
On my list of "I don't trust..." bankers, "financial advisors", and doctors are REAL high on the list. When Iberia sent back the federal dollars because the CEO couldn't make millions in bonuses, my don't-trust radar went off. Its still beeping. So, I'm not real impressed by this stockholder news.
You must be logged in to post a comment. Log in using your Facebook account or register if you do not have an account yet.
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.
This year’s Cool Town issue is all about people who are not native to South Louisiana but made a conscious decision to be here, to be among us, to participate in our culture and contribute to it.
A shelved ordinance transferring $200,000 from a northside drainage project to a south Lafayette development may not break any laws, but it stinks to high heaven.
An effort to restore a shuttered dancehall and document other vacant or razed honky-tonks could serve as a model for saving an endangered species of entertainment.
Lafayette’s gene pool has been host to a long line of eccentric characters who have blurred the lines between crazy, genius, disturbed and curiously entertaining.
Subscribe to this comment's feed