IBERIABANK Corporation, holding company of the 129-year-old IBERIABANK announced the signing of a definitive agreement under which IBKC will acquire Sabadell United Bank, N.A. from Banco de Sabadell S.A. in a stock and cash transaction valued at $1.025bn. The proposed acquisition of Sabadell United by IBKC has been approved by the Board of Directors of IBKC and Banco Sabadell, and is expected to close in the second half of 2017. Upon completion of the acquisition, Sabadell United will be merged with and into IBERIABANK. Completion of the transaction is subject to customary closing conditions, including the receipt of required regulatory approvals.