Iberia Bank buys Cameron State in Lake Chuck

That's shocking, when I lived in LC it seemed like it was up and coming. A lot of people I knew banked there.

I guess what I was trying to say was Cameron State has branches that are across the street from each other. The overlap in Lake Charles will cause Iberia to close branches and sell them off thus laying off tellers, branch managers, etc. Cameron's philosphy has always been to be #1 in market share regardless of where they build the branch. Since Iberia is a publicly traded bank they will phase out branches that are under utilized/non producing.

1.7x. My opinion Iberia paid an extremely high premium. Good for Cameron Shareholders though