IBERIABANK Names Spurgeon Mackie Chief Credit Officer

LAFAYETTE, La., May 14, 2013 /PRNewswire/ -- IBERIABANK Corporation, parent company of the 126-year-old subsidiary IBERIABANK (www.iberiabank.com), is pleased to announce the naming of H. Spurgeon Mackie, Jr. as Executive Vice President and Chief Credit Officer.

Mackie joined the Company in 2010 as Executive Credit Officer. Gregg Strader, former Chief Credit Officer, has chosen to depart from IBERIABANK to spend more time with his family in North Carolina.

"Spurgeon is the perfect candidate for the role based on his industry experience and the success he has had with our Company.  We are confident that, with his leadership, he will continue to deliver the high-quality credit results we have historically achieved," says Daryl G. Byrd, President and CEO of IBERIABANK Corporation.

Byrd continued, "Gregg has made an extraordinary contribution to our organization. He has grown our credit team in regards to talent and scalability resulting in continuous stellar credit quality that is well above industry standards. We appreciate the fact that he wants to take a break from the 14 years of travel he has endured for his career, but he will be deeply missed.  Gregg has been a cherished member of our team and we wish him well."

Mackie's career includes 32 years at First Union/Wachovia in numerous capacities. His roles included Area President, Chief Credit Officer for Interstate Banking and Chief Risk Officer for the General Bank, among others. During his tenure, he was responsible for wholesale loans across a 12 state area, supervising approximately 1,000 employees.  His responsibility included underwriting new loans, the ongoing portfolio management for commercial customers ranging from small business to middle market, and special assets. He also served as Executive Director of the Community Foundation of Gaston County, Inc. after leaving First Union/Wachovia and before joining IBERIABANK.

Mackie earned a BS in Business Administration from the University of North Carolina at Chapel Hill, NC, where he was a Morehead Scholar.

Mackie resides in Gastonia, North Carolina. Since 2003, he has served on the Board of Directors of Caromont Health, Inc. and is currently Chairman.

IBERIABANK Corporation is a financial holding company with total assets of nearly $13 billion at March 31, 2013. The Company serves clients through 276 combined offices, including 181 bank branch offices and two LPOs in Louisiana, Arkansas, Tennessee, Alabama, Texas, and Florida, 21 title insurance offices in Arkansas and Louisiana, mortgage representatives in 62 locations in 12 states, nine locations with representatives of IBERIA Wealth Advisors in four states, and one IBERIA Capital Partners, L.L.C. office in New Orleans. The Company's common stock trades on the NASDAQ Global Select Market under the symbol "IBKC."

SOURCE IBERIABANK Corporation

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