IberiaBank completes First Private deal

Advocate staff photo by BRYAN TUCK -- Lafayette-based IberiaBank Corp. Show caption
Advocate staff photo by BRYAN TUCK -- Lafayette-based IberiaBank Corp.

Lafayette-based IberiaBank Corp. has completed its $64 million acquisition of First Private Holdings Inc. and its subsidiary bank, First Private Bank, both of which are based in Dallas.

IberiaBank announced the acquisition in February.

On March 31, First Private Bank had two Dallas-area branches, $277 million in loans and $319 million in total deposits.

The rapidly growing IberiaBank has $13.6 billion in assets and some 2,600 employees in 280 offices spread in half a dozen states.