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IBERIABANK Corporation Adds Strategic Hires in New Orleans and Houston, Texas

With the addition of Rafferty, the Company intends to open a full service office inHouston, Texas, to serve clients and prospects in that market.

Powell will serve as Executive Vice President and Senior Commercial Manager in theNew Orleans market. He joins IBERIABANK Corporation after 36 years of experience at Whitney National Bank, where he was Senior Vice President and senior manager of corporate banking.

A native ofNew Orleans, Powell earned a B.A. from Tulane University and a M.B.A. from Emory University.

Throughout his career, Powell has been a significant contributor to theNew Orleans business and charitable communities and is very well known in both. Today, Powell serves as Chairman of the Louisiana Endowment for Humanities, President of the Libby-Dufour Foundation; serves on the Board of the National World War II Museum, Board of the Health Education Authority ofLouisiana (HEAL), and the Board of the Louisiana SPCA. He is Past Chairman of the Board of Governors of Tulane Health Sciences Center and Past Chairman of the Greater New Orleans Foundation. He currently sits on the Xavier University Board of Visitors, Tulane Presidents Council, and Board of the Center for Inter-American Policy and Research.

Rafferty joins the organization as Executive Vice President and President of our new South Texas Region. He will initially be focused on developing the Company's commercial team inHouston, Texas. He was most recently Senior Vice President and Manager of Whitney National Bank's Middle Market Group inHouston. Prior to his move toHouston in 2005, Rafferty managed a commercial lending group inNew Orleans for Whitney National Bank. With a long presence in theNew Orleans community, Rafferty will be able to contribute to the Company in bothHouston andNew Orleans.

Rafferty graduated from Tulane University in 1979 and received his M.B.A. in finance from the A.B. Freeman School of Business in 1984. While inNew Orleans, he was President of the Louisiana Children's Museum, Treasurer of Trinity Episcopal Church, Chairman of the Lighthouse for the Blind, and is former President of the Tulane Association of Business Alumni.

Daryl G. Byrd, President and Chief Executive Officer of the Company commented, "One of the hallmarks of our organization is an ability to attract great talent. Cleland is one of the most well regarded bankers I know with a deeply rooted history in theNew Orleans community. His business acumen and client relationships will be invaluable additions to our team."

Byrd continued, "Kevin is an extremely talented and experienced professional who is the perfect leader for us as we enter a new market. His extraordinary relationships in theHouston community provide us a competitive advantage and strong foundation from which to expand our franchise. We are very excited about the addition of these two very dynamic and seasoned bankers to our Company."

IBERIABANK Corporation

IBERIABANK Corporation is a multi-bank financial holding company with 150 combined offices in eight states, including 88 bank branch offices inLouisiana,Arkansas, andTennessee, 26 title insurance offices inArkansas andLouisiana, and mortgage representatives in 36 locations in eight states. The Company's common stock trades on the NASDAQ Global Select Market under the symbol "IBKC" and the Company's market capitalization is approximately $727 million, based on the closing stock price on March 24, 2009.

Forward-Looking Statements

To the extent that statements in this press release relate to future plans, objectives, financial results or performance of IBERIABANK Corporation, these statements are deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements, which are based on management's current information, estimates and assumptions and the current economic environment, are generally identified by the use of the words "plan", "believe", "expect", "intend", "anticipate", "estimate", "project" or similar expressions. IBERIABANK Corporation's actual strategies and results in future periods may differ materially from those currently expected due to various risks and uncertainties.

Actual results could differ materially because of factors such as the current level of market volatility and our ability to execute our growth strategy, risks relating to the integration of acquired companies that have previously been operated separately, credit risk of our customers, effects of the on-going correction in residential real estate prices and reduced levels of home sales, sufficiency of our allowance for loan losses, changes in interest rates, access to funding sources, reliance on the services of executive management, competition for loans, deposits and investment dollars, reputational risk and social factors, changes in government regulations and legislation, geographic concentration of our markets, rapid changes in the financial services industry, and hurricanes and other adverse weather events. These and other factors that may cause actual results to differ materially from these forward-looking statements are discussed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission, available at the SEC's website, www.sec.gov, and the Company's website, www.iberiabank.com. All information in this release is as of the date of this release. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.

SOURCE IBERIABANK Corporation