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IBERIABANK Announces Termination of FDIC Loss Share Agreements

Wednesday, December 21, 2016

Congratulations IBERIABANK!

Congratulations to IBERIABANK (IBERIA) of Lafayette, Louisiana for successfully terminating their FDIC loss share agreements on their six failed bank receiverships:  CapitalSouth Bank, Century Bank, F.S.B., Orion Bank, Sterling Bank, Creekside Bank and Patriot Bankof Georgia.

The agreement was reached on December 21 and in the fourth quarter of 2016, the termination agreement will eliminate from the company’s books the true-up liability and other related receivables for the terminated loss-sharing agreement.

DD&F served as an advisor to IBERIA in successfully terminating their shared loss agreements with the FDIC and would like to congratulate all of the IBERIA team. We wish you continued success!

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