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IBERIABANK adopts buyback plan for over 1 million common shares

Lafayette, La.-based IBERIABANK Corp.'s board authorized a plan to repurchase, from time to time, up to 1,137,500 shares of its common stock, representing about 2% of total outstanding shares.

Repurchases may be done in open-market or privately negotiated transactions.

The plan is expected to span over two years, and it could conclude earlier if the shares have been repurchased.