With bash 4, the closest thing you can do is use associative arrays.
declare -A map
for name in hello world my name is perseus; do
map["$name"]=1
done
...which does the exact same thing as:
declare -A map=( [hello]=1 [my]=1 [name]=1 [is]=1 [perseus]=1 )
...followed by:
tgt=henry
if [[ ${map["$tgt"]} ]] ; then
: found
fi