Teche Holding Company (TSH) Shareholders Approve Merger With IBERIABANK Corporation
29 Mai 2014 - 5:15PM
Marketwired
Teche Holding Company (TSH) Shareholders Approve Merger With
IBERIABANK Corporation
NEW IBERIA, LA--(Marketwired - May 29, 2014) - (NYSEMKT: TSH)
Patrick O. Little, President and CEO of Teche Holding Company (the
"Company"), the holding company for Teche Federal Bank, announced
that a special meeting of shareholders was held today. At the
meeting, shareholders approved the Agreement and Plan of Merger,
dated January 12, 2014, by and between Teche Holding Company and
IBERIABANK Corporation (the "Agreement"), pursuant to which the
Company will merge with and into IBERIABANK Corporation, with
IBERIABANK Corporation surviving the merger. Shareholders also
approved an advisory (non-binding) proposal regarding the
compensation that may be paid or become payable to the Company's
named executive officers in connection with the merger.
Under the Agreement, the Company's shareholders will receive
1.162 shares of common stock of IBERIABANK Corporation for each
share of the Company's common stock held.
Teche Federal Bank presently operates twenty offices in the
Louisiana parishes of St. Mary, Iberia, Lafayette, St. Martin,
Terrebonne, Lafourche, St. Landry and East Baton Rouge. Teche
Holding Company's common stock is traded under the symbol "TSH" on
the NYSEMKT. The bank's website address is
www.teche.com. The Federal Deposit Insurance Corporation
(FDIC) insures deposits at Teche Federal Bank up to the legal
maximum limits.
Statements contained in this news release which are not
historical facts are forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of
1995. Such forward-looking statements are subject to risks and
uncertainties which could cause actual results to differ materially
from those currently anticipated due to a number of factors, which
include, but are not limited to, factors discussed in documents
filed by Teche Holding Company with the Securities and Exchange
Commission from time to time. Teche Holding Company does not
undertake to update any forward-looking statement, whether written
or oral, that may be made from time to time by or on behalf of
Teche Holding Company.
Contact: Patrick O. Little CEO, President Teche Holding Company
(337) 560-7151
Teche (AMEX:TSH)
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