Iberiabank Corp. in Lafayette, La., is believed to be the first banking company in the country to announce it will give back the money it received from the Treasury Department's Troubled Asset Relief Program.

The $5.4 billion-asset company said late Thursday that it would redeem the government's $90.6 million of preferred shares March 31. It is required by the agreement with the Treasury to give 30 days' notice before the redemption.

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