IBERIABANK will acquire holding company Cameron Bancshares in a stock-for stock exchange. The multi-bank financial holding company will pay about $133 million for the acquisition.

As a part of the agreement, Roy Raftery, junior president and CEO of Cameron, will be named as Chairman of the Lake Charles region for IBERIABANK. The transaction, which is subject to customary closing conditions, is expected to close in the second quarter of 2011.

Click here for the release from IBERIABANK.