NEW ORLEANS -- Hibernia Corp. said it will merge with Staba Bancshares, Donaldsonville, La.

The transaction will make Hibernia the leading bank in Ascension Parish in terms of locations and deposits.

Staba operates State Bank of Donaldsonville, with $97 million in assets. Shareholders will receive about 18 shares of Hibernia stock for each Staba share in a tax-free pooling of interests valued at approximately $18 million.

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