News Topic: Louisiana
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Jeff Davis Teachers FCU seeks merger approval after fruitless CEO search
Banks in Hurricane Laura's path hopeful their markets were spared worst
Branches in the Gulf Coast region largely avoided massive flooding. Now bankers must assess the impact on employees and customers. ... Read full article
Banks in hurricane zone redraw preparedness playbooks
Social distancing and other pandemic-related measures are making it harder for banks in the Gulf region to rely on tried-and-true contingencies. ... Read full article
Organizers lay out ambitious plan for New Orleans de novo bank
ViZ Bank would eventually have branches across several major U.S. cities, including Dallas, Denver and Atlanta. It would also offer a program to help former inmates build savings and establish credit. ... Read full article
Former First NBC executives charged with fraud tied to bank's failure
Ashton Ryan, the New Orleans bank's CEO, and two other officers are accused of disguising the financial condition of certain borrowers before the bank's 2017 collapse. ... Read full article
Coronavirus concerns prompt Louisiana bank to terminate acquisition
Investar Holding said it no longer plans to buy Cheaha Financial in Alabama. ... Read full article
Louisiana group applies to form Native American bank
Organizers representing five tribes aim to create a financial institution to serve their members. ... Read full article
Business First to acquire Louisiana rival Pedestal Bancshares
The company will pay $211 million for a bank with 22 branches as $1.2 billion in assets. ... Read full article
Looking back at 2019's community bankers to watch
One found a buyer, another announced plans to retire, and others took steps to reinvent their banks. ... Read full article
Investar ending 2020 with deal for Alabama bank
The Louisiana company sold $30 million in stock to help fund its purchase of Cheaha Financial Group. ... Read full article
Will Iberiabank's no-premium deal touch off big-bank M&A wave?
The Louisiana company's willingness to combine with First Horizon without a big initial payday is fueling talk that other banks could be keen on selling at relatively inexpensive prices. ... Read full article
Wealth manager defections sting small and midsize banks
Washington Trust warned that it could lose $3 million in annual revenue after two top advisers left to join a brokerage firm. Other banks are facing similar hits. ... Read full article
BB&T-SunTrust effect at play in First Horizon deal
First Horizon and Iberiabank solidified their resolve after BB&T and SunTrust announced their merger. Bryan Jordan, First Horizon's CEO, says he's convinced the earlier deal is having a similar influence at other regional banks. ... Read full article
First Horizon to buy Iberiabank in one of year's biggest bank mergers
The acquisition will create a Southeastern regional with $75 billion in assets across 11 states. ... Read full article
What Middle East turmoil could mean for U.S. energy lenders
The rise in prices caused by the attacks on Saudi Arabian oil installations should help banks recoup some losses from the 2016 downturn. Harder to gauge is the impact the price volatility will have on U.S. energy production and, in turn, loan demand. ... Read full article
BancPlus to enter Alabama, Louisiana markets with latest acquisition
The company will gain 34 branches and $1.2 billion in assets when it buys State Capital in Mississippi. ... Read full article
CEO of failed First NBC facing criminal probe, judge says
Prosecutors are investigating the involvement of Ashton Ryan and another executive in the New Orleans bank's 2017 collapse, a federal judge recently wrote in a decision on a related matter. ... Read full article
Investar adding Texas branches through deal with Hilltop
The Louisiana company will enter two new markets after it buys the locations. ... Read full article
First Guaranty to fill central La. gap with Union acquisition
The company will pay $43 million in cash for a bank with seven branches and $209 million in deposits. ... Read full article
