Iberiabank Corp. of Lafayette, La., is acquiring the $265 million-asset American Horizons Bancorp Inc. of Monroe for $48 million in cash and stock.
The deal, announced Wednesday, is expected to close in the first quarter. American Horizons has eight branches in northeast Louisiana. Buying it would give the $2.4 billion-asset Iberiabank the second-largest deposit share in Ouachita County, about 16%.
Iberiabank said it would take a $900,000 deal-related charge when it closes.
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