IberiaBank, in a deal announced Tuesday, is acquiring the Dallas-based First Private Bank of Texas.
According to Teche’s annual shareholder report and proxy statement, top exec Patrick Little’s cut will equal a payout of $18.49 million.
IberiaBank President and CEO Daryl Byrd says a total of eight branches overlap in Baton Rouge, Lafayette and New Iberia. Closings will include both banks' locations.
IberiaBank Corp. is acquiring Teche Holding Co. in deal valued at $161 million, officials announced Monday morning.
Already beset by other costly legal woes, JPMorgan Chase & Co. agrees to pay more than $2 billion for ignoring obvious warning signs of Bernard Madoff’s massive Ponzi scheme.