|Day's range||0.00 - 0.00|
|PE ratio (TTM)||N/A|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
It would be irony indeed if Sabadell's timing was just right.
IberiaBank Corp. announced its acquiring Miami-based Sabadell United Bank in a stock and cash deal valued at about $1.025 billion. The purchase will significantly strengthen the Lafayette, Lousiana-based company's franchise in Florida. The Sunshine State will become IberiaBank's (IBKC) largest state by deposits, it said.
IberiaBank Corp. will significantly strengthen its franchise in Florida with the planned purchase of Sabadell United Bank. IberiaBank (IBKC) has an agreement to buy Sabadell in a stock and cash deal valued at about $1.025 billion, a press release said . Florida will become IberiaBank’s largest state by deposits, the bank said.