IBERIABANK Corporation Announces Executive Move to Arkansas
November 28 2006 - 8:33AM
PR Newswire (US)
LAFAYETTE, La., Nov. 28 /PRNewswire-FirstCall/ -- IBERIABANK
Corporation (NASDAQ:IBKC), the holding company of IBERIABANK
(http://www.iberiabank.com/ ), is pleased to announce that Senior
Executive Vice President Michael Brown's responsibilities will be
expanded to include the management of all of the Company's markets
operating under IBERIABANK Corporation, including Louisiana,
Arkansas, Tennessee, and Oklahoma. In addition, Brown's current
Wealth Management responsibilities will include the Trust business
to be acquired in Arkansas. As part of his promotion, he will
relocate to Little Rock, Arkansas. Daryl Byrd, President and CEO of
IBERIABANK commented, "Michael has done a terrific job for
IBERIABANK over the last seven years. This is a much deserved
expansion of his responsibilities and should signal our steadfast
focus on our clients and our markets." "Philosophically, we believe
that diversifying the locations of our senior executives allows us
to more effectively manage our franchise," Byrd continued. "This
move should also clearly indicate the importance of Arkansas in the
future growth of our organization." Brown added: "This is a very
exciting opportunity to meld the existing IBERIABANK franchise and
the new markets in Arkansas and Tennessee into a dynamic
organization that has significant opportunities for growth. My
family and I are excited about our move to Little Rock and look
forward to becoming contributors to the community in quick order.
At the same time, we will continue to be actively involved in
Louisiana and aiding in the rebuilding of our hometown, New
Orleans." IBERIABANK Corporation is the second largest
Louisiana-based bank holding company. IBERIABANK operates 22 branch
offices in Acadiana; three branches in Baton Rouge, 12 branch
offices in the greater New Orleans area, including new locations in
Mandeville, Slidell, Elmwood and LaPlace; one branch in Houma; 10
branches in the Monroe/Ruston region and one in downtown
Shreveport. Total assets at September 30, 2006, were $3.1 billion,
loans of $2.2 billion and deposits of $2.4 billion. On July 27,
2006, IBERIABANK Corporation announced plans to acquire Pocahontas
Bancorp, Inc. (NASDAQ:PFSL) ("Pocahontas"), the holding company for
First Community Bank of Jonesboro, Arkansas, headquartered in
Jonesboro, Arkansas. On August 9, 2006, IBERIABANK Corporation
announced plans to acquire Pulaski Investment Corporation,
headquartered in Little Rock, Arkansas. Pulaski Investment
Corporation is the holding company to Pulaski Bank and Trust,
Pulaski Mortgage Company and Lenders Title Company. For more
information, visit our website at http://www.iberiabank.com/ .
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. 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,
http://www.sec.gov/ , and the Company's website,
http://www.iberiabank.com/ . In connection with the proposed
merger, IBERIABANK Corporation will file a Registration Statement
on Form S-4 that will contain a proxy statement/prospectus.
INVESTORS AND SECURITY HOLDERS ARE URGED TO CAREFULLY READ THE
PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION WHEN
IT BECOMES AVAILABLE, BECAUSE IT WILL CONTAIN IMPORTANT
INFORMATION. Investors and security holders may obtain a free copy
of the proxy statement/prospectus (when it is available) and other
documents containing information about IBERIABANK, Pulaski, and
Pocahontas without charge, at the SEC's web site at
http://www.sec.gov/ . Copies of the proxy statement/prospectus and
the SEC filings that will be incorporated by reference in the proxy
statement/prospectus may also be obtained for free by directing a
request to: Investor Relations-12th Floor, IBERIABANK Corporation,
200 West Congress Street, Lafayette, LA, 70501, Phone: (337)
521-4788, Fax: (337) 521-4021 or to Dwayne Powell, President and
CEO, Pocahontas Bancorp, Inc., 1700 East Highland Drive, Jonesboro,
AR 72401, Phone: (870) 802-1700, Fax: (870) 802-5945 or to Robert
C. Magee, President, Pulaski Investment Corporation, 5800 "R"
Street, Little Rock, AR 72207, Phone: (501) 661-7729, Fax: (501)
661-7861. IBERIABANK Corporation and its directors and executive
officers may be deemed to be "participants in the solicitation" of
stockholders of Pocahontas Bancorp, Inc. and Pulaski Investment
Corporation, in connection with the proposed transactions.
Information concerning directors and executive officers and their
direct or indirect interests, by security holdings or otherwise,
can be found in the definitive proxy statement of IBERIABANK
Corporation filed with the SEC on April 4, 2006. Pocahontas
Bancorp, Inc. and its directors and executive officers may be
deemed to be "participants in the solicitation" of stockholders of
Pocahontas Bancorp, Inc., in connection with the proposed
transaction. Information concerning directors and executive
officers and their direct or indirect interests, by security
holdings or otherwise, can be found in the definitive proxy
statement of Pocahontas Bancorp, Inc., filed with the SEC on
January 4, 2006. This communication is not an offer to purchase
shares of Pulaski or Pocahontas common stock, nor is it an offer to
sell shares of IBERIABANK Corporation common stock which may be
issued in any proposed merger with Pulaski or Pocahontas. Any
issuance of IBERIABANK Corporation common stock in any proposed
merger with Pulaski or Pocahontas would have to be registered under
the Securities Act of 1933, as amended, and such IBERIABANK
Corporation common stock would be offered only by means of a
prospectus complying with the Act. DATASOURCE: IBERIABANK
Corporation CONTACT: Beth Ardoin, Director of Communications of
IBERIABANK Corporation, +1-337-521-4701 Web site:
http://www.iberiabank.com/
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