Iberiabank Corp. (IBKC) in Lafayette, La., has agreed to buy First Private Holdings in Dallas.

Iberiabank will pay $64 million in stock, or $17.18 a share, for the $357 million-asset First Private. The $13.4 billion-asset Iberiabank said the transaction value equates to 1.64 times First Private's tangible book value at Dec. 31. The deal is expected to close in the second quarter.

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