IBERIABANK (IIBKC) Receives Approval to Acquire Florida Gulf Bancorp, Inc. and Florida Gulf Bank

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IBERIABANK Corporation (NASDAQ: IBKC) announced the Federal Reserve Bank of Atlanta has approved the application of IBERIABANK Corporation to acquire Florida Gulf Bancorp, Inc. In addition, the Federal Reserve Bank of Atlanta and the Louisiana Office of Financial Institutions have approved the applications of IBERIABANK to acquire Florida Gulf Bank. Completion of the acquisitions remains subject to approval by shareholders of Florida Gulf Bancorp, Inc. and satisfaction of customary closing conditions.

Florida Gulf Bancorp, Inc. is the holding company for Florida Gulf Bank with headquarters in Fort Myers, Florida. At March 31, 2012, Florida Gulf Bancorp, Inc. had total assets of $376 million, $248 million in net loans, and $302 million in total deposits.

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