The parent company of IberiaBank has closed a stock offering that raised $172.7 million. Lafayette-based IberiaBank netted nearly $164.5 million out of the sale of more than 4.4 million shares. Plans are to use the money to cover the cost of future acquisitions of other financial service businesses, general corporate purposes, working capital needs and investment in subsidiaries. The bank has been aggressively growing in recent months, announcing plans to move into the Houston and Alabama markets.
IberiaBank raises $172.7 million in stock offering
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