Hibernia Corp. said it filed a registration statement with the Securities and Exchange Commission for a rights offering to common stockholders. Details of the offering were not available.
This will be the third piece of a plan by the New Orleans banking company to replenish capital. The program also includes a debt restructuring with lenders led by Chase Manhattan Bank and other lenders a previously announced agreement to sell its Texas bank to Comerica Inc. for $63.1 million in cash.