Lawsuit: Bankers diluted investors

  • By Business Observer Staff
  • | 11:00 a.m. March 10, 2017
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The October 2014 acquisition of Tampa-based Florida Bank Group, a $90 million deal, seemed like a classic “win-win,” at the time. The buyer, Lafayette, La.-based IberiaBank, continued its broad expansion into Florida, while Florida Bank Group board members and some investors received a lucrative payday.

 

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