Transactions
Cameron State Bank03.11.2011$706 million in assetsSheshunoff & Co. Investment Banking announces that Cameron Bancshares of Lake Charles, Louisiana ($706 million in assets) has agreed to sell to IBERIABANK of Lafayette, Louisiana, in a stock-for-stock transaction valued at approximately $133 million or 172% of book value. Sheshunoff & Co. served as the exclusive advisor for Cameron.
This represents the seventh transaction announced by Sheshunoff in as many months, evidence that bank merger activity is on the rise. Buyers are beginning to show confidence in the future of community banking and capitalizing on opportunities as they appear.
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