NEW ORLEANS -- Hibernia Corp. said it had signed a definitive agreement to acquire Commercial Bancshares of Franklin, La., for about $18.7 million in stock.

Hibernia said the acquisition was part of its plan to expand and strengthen its 101-location statewide banking franchise.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.