Iberiabank Sets Stage for Raising Capital

Perhaps readying itself for further expansion, Iberiabank Corp. in Lafayette, La., has filed a shelf registration with the Securities and Exchange Commission that would allow it to quickly raise capital for use in pursuing deals.

The $11.8 billion-asset company said late Friday that the shelf registration will take effect immediately and will expire in three years. It replaces a previous shelf registration that was set to expire later this year.

"Although we have no current plans to issue any securities at this time, it is our long-standing practice to maintain an effective and up-to-date shelf registration statement to ensure flexibility should the need arise," Daryl G. Byrd, Iberiabank's president and chief executive, said in a news release.

Iberiabank has roughly doubled its assets over the last three years through acquisitions of both healthy and failed banks in recent years and now has nearly 175 branches in Louisiana, Arkansas, Alabama, Texas, Florida and Tennessee. The company recently announced that it plans to open several branches in Alabama this year and next and told investors late last year that it continues to scout for whole-bank acquisitions with the intent of building a regional franchise that stretches from Virginia to Texas.

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