Iberiabank Corp. in Lafayette, La., said Tuesday that after "extensive and careful consideration" it has decided to participate in the Treasury Department's Capital Purchase Program.
The $5.3 billion-asset company said it would accept a capital infusion of $90 million, or $25 million less than the maximum amount for which it was approved.
Iberiabank said that though the infusion will "significantly strengthen" the company's capital position but will have a "dilutive effect" on earnings per share until the added capital is full deployed.
The company expects to receive the funds within two weeks.
