Banks

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Kotak Mahindra Bank Ltd updates on scheme of amalgamation

Tuesday, 31 Mar 2015 11:00pm EDT

Kotak Mahindra Bank Ltd:Says Reserve Bank of India has approved the scheme of amalgamation of ING Vysya Bank Ltd with Kotak Mahindra Bank Ltd.The scheme of amalgamation shall come into effect from April 01.

ING Vysya Bank Ltd updates on scheme of amalgamation

Tuesday, 31 Mar 2015 10:56pm EDT

ING Vysya Bank Ltd:Says Reserve Bank of India has approved the scheme of amalgamation of ING Vysya Bank Ltd with Kotak Mahindra Bank Ltd.The scheme of amalgamation shall come into effect from April 01.

IBERIABANK completes acquisition of Old Florida Bancshares

Tuesday, 31 Mar 2015 05:46pm EDT

IBERIABANK:Completes acquisition of Old Florida Bancshares, Inc. and its subsidiary banks, Old Florida Bank and New Traditions Bank, each of which were based in Orlando, Florida.Acquisitions, including the mergers of Old Florida Bank and New Traditions Bank with and into IBERIABANK, were completed effective on March 31.Branch and operating systems conversions are expected to be completed within the next 50.Under the terms of the Agreement and Plan of Merger, Old Florida common stock shareholders shall receive 0.34 of a share of IBERIABANK Corporation common stock for each outstanding share of Old Florida common stock.Number of IBERIABANK Corporation shares issued in the merger was based on the weighted average trading price of the Company's common stock during the 15-trading day period ended March 30, of $63.18.Based on the Company's closing common stock price of $63.03 per share on March 31, the aggregate value of the common stock received at the time of closing was $21.43 per share of Old Florida common stock.Stock transfer agent will send to Old Florida common shareholders instructions regarding the process to exchange shares within approximately two weeks from the closing date.

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Analyst Research

Report Title Price
Provider: Brown Brothers Harriman & Co.
$12.00
Provider: Brown Brothers Harriman & Co.
$12.00
Provider: Brown Brothers Harriman & Co.
$35.00
Provider: Brown Brothers Harriman & Co.
$35.00
Provider: Swiss Capital
$92.00

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