IBERIABANK Partners with Payment Alliance International to Brand ATMs and Expand Cardholder Access in Rite Aid Stores

  IBERIABANK Partners with Payment Alliance International to Brand ATMs and
  Expand Cardholder Access in Rite Aid Stores

Business Wire

LOUISVILLE, Ky. & LAFAYETTE, La. -- October 17, 2013

Payment Alliance International (PAI), a leader in retail ATM solutions, and
IBERIABANK (www.iberiabank.com), the 126-year-old subsidiary of IBERIABANK
Corporation, with 180 bank branch offices in the United States, have jointly
announced today they have entered into an agreement to brand ATMs in select
Rite Aid pharmacies in the Greater Memphis area. As in other financial
institution branding partnerships, PAI will own and operate the ATM
placements, and IBERIABANK cardholders will enjoy surcharge free access for
transactions made at IBERIABANK branded ATMs that can be found at select Rite
Aid locations.

As one of the largest ATM networks in the United States, PAI provides ATM
services for over 60,000 retail locations nationwide and has been selected to
provide ATM services for approximately 1,500 Rite Aid locations in the
western, central, and southern United States. With these newly branded Rite
Aid locations, IBERIABANK has easily expanded its ATM footprint in the Memphis
area without the capital and operating expenses typically required for an ATM
program. PAI and IBERIABANK expect to have all locations fully-functional and
branded by mid-November 2013.

Gregory W. Mercer, senior vice president of PAI, stated, “It has been a
pleasure working with the team at IBERIABANK to grow their presence in the
Memphis area.” Mercer added, “With these highly visible IBERIABANK branded
ATMs, cardholders can now easily and safely obtain surcharge free cash at
select Rite Aid locations.”

“Our recent acquisition, along with our newly branded in-store ATMs at Rite
Aid, are part of our growth strategy to serve the Memphis market by providing
clients with greater access to banking services in a variety of convenient
locations,” said Greg Smithers, IBERIABANK Memphis market president.

About Payment Alliance International (PAI)

Payment Alliance International is a leading provider of payment processing
solutions for businesses nationwide. As one of the nation’s largest deployer
of ATMs, PAI provides ATM processing and maintenance services, ATM equipment
sales and support, and ATM branding programs. PAI also offers comprehensive
payment and small business solutions including credit, debit and prepaid card
acceptance services…all designed to maximize customer success and make
business easy. Payment Alliance International is based in Louisville, Ky. For
more information, please visit www.GoPAI.com or follow us on Facebook and
Twitter.

About IBERIABANK

IBERIABANK Corporation is a financial holding company with 278 combined
offices, including 180 bank branch offices and two Loan Production Offices in
Louisiana, Arkansas, Tennessee, Alabama, Texas, and Florida, 21 title
insurance offices in Arkansas and Louisiana, mortgage representatives in 65
locations in 12 states, eight locations with representatives of IBERIA Wealth
Advisors in four states, and one IBERIA Capital Partners, LLC office in New
Orleans. The Company's common stock trades on the NASDAQ Global Select Market
under the symbol "IBKC." IBERIABANK Corporation and its predecessor
organizations have served clients for 126 years.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20131017005420/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50730840&lang=en

Contact:

Payment Alliance International
Terri Newton
Strategic Marketing Director
502-671-4088
press@GoPAI.com
or
IBERIABANK
Beth Ardoin
Senior Executive Vice President
337-521-4701
bardoin@iberiabank.com
 
Press spacebar to pause and continue. Press esc to stop.