Louisiana School Cyberattacks Trigger State Of Emergency

PYMNTS

Louisiana has declared a state of emergency after a series of cyberattacks impacted three of the state’s school districts. The state was made aware of a malware attack on a few north Louisiana school systems and we have been coordinating a response ever since,” Edwards said.

MTrac Launches Marijuana Payments Platform For Louisiana

PYMNTS

The state of Louisiana has entered legal marijuana territory with medical cannabis access beginning this week.

BancPlus to enter Alabama, Louisiana markets with latest acquisition

BankThink

Community banking M&A Growth strategies Mississippi Alabama LouisianaThe company will gain 34 branches and $1.2 billion in assets when it buys State Capital in Mississippi.

Why The Louisiana Purchase Was The Greatest Fourth Of July Sale Ever

PYMNTS

Only it was July 4, 1803 — better known as the Independence Day that the Louisiana Purchase was announced. A Brief History Of The Louisiana Purchase — And Its Associated Payments Problems . Adjusted for inflation, the contemporary value of the Louisiana Purchase was around $340 million.

Red River in Louisiana plans $30M initial public offering

BankThink

Community banking IPOs Bank stocks Capital M&A LouisianaThe company could use proceeds from the IPO to repay debt and pursue bank acquisitions.

Walmart rolls out Walmart Pay in Louisiana

The Paypers

(The Paypers) Walmart has launched Walmart Pay to enable customers to pay with their smartphones in Walmart stores in Louisiana

Home Bancorp in Louisiana to buy St. Martin Bancshares

BankThink

Community banking M&A Capital LouisianaHome will add 12 branches and nearly $600 million in assets when it completes the acquisition.

Investar Holding to buy Citizens Bancshares in Louisiana

BankThink

M&A Growth strategies Capital LouisianaInvestar will pay $46 million in cash for Citizens, which has three branches and $246 million in assets.

Banks Providing Low-Rate Loans, Deferments in Flood-Ravaged Louisiana

American Banker

Baton Rouge and surrounding areas in Louisiana have been hit by historic rain and flooding in recent days. consumer-finance la commercial-lending performance community-banking

Louisiana sales tax triggers Amazon Associates programme cancellation

The Paypers

(The Paypers) Amazon , the US electronic commerce and cloud computing company, is cancelling its Amazon Associates programme in Louisiana due to a recently issued sales tax requirement

Investar adding Texas branches through deal with Hilltop

BankThink

The Louisiana company will enter two new markets after it buys the locations. Community banking Branch deals Growth strategies Louisiana Texas

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Louisiana bans Bank of America, Citi from bond sale over gun policies

BankThink

Louisiana is using the bond market to stick up for the Second Amendment. Corporate ethics

Grant Bancshares is Texas-bound after agreeing to buy First Bank

BankThink

The deal comes less than a week after the Louisiana company raised nearly $11 million. Community banking M&A Growth strategies Louisiana Texas

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Louisiana Bank Sues CU over Trademark Infringement

Keith Leggett's Credit Union Watch

The lawsuit was filed on October 24 in the Western District of Louisiana federal court after the purchase and assumption by Red River Federal Credit Union of liquidated Shreveport Federal Credit Union, which had branches in the trade area of the bank. The complaint alleges that the credit union is infringing on its trademark and engaging in unfair trade practices in violation of federal law and in violation of the Louisiana Unfair Trade Practices Act.

First NBC in Louisiana Names New Chairman

American Banker

The $4.9 billion-asset company said in a regulatory filing Friday that its president and CEO, Ashton Ryan Jr., had relinquished the chairmanship to Shivan Govindan, its vice chairman since 2013. breaking_news people corporate-governance community-banking

Louisiana Community Bancorp to Buy Tri-Parish Bancshares

American Banker

Louisiana Community Bancorp in Houma has agreed to buy Tri-Parish Bancshares in Eunice, La. breaking_news community-banking m-a la dealmaking-strategy

Investar in Louisiana Files $50M Shelf Registration

American Banker

Add Investar Holding in Baton Rouge, La., to the growing list of community banks filing shelf registrations. breaking_news dealmaking-strategy capital strategic-alternatives la community-banking

Epic Louisiana floods hit credit unions hard

CU Insight

About 20 Louisiana credit unions were forced to close their branches and offices Monday after torrential rains caused historic flooding that claimed seven lives and destroyed thousands of homes. The post Epic Louisiana floods hit credit unions hard appeared first on CUInsight.

First Guaranty to fill central La. gap with Union acquisition

BankThink

Community banking M&A Growth strategies LouisianaThe company will pay $43 million in cash for a bank with seven branches and $209 million in deposits.

CEO of failed First NBC facing criminal probe, judge says

BankThink

Lawsuits Failures Community banking LouisianaProsecutors 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.

MidSouth reports big 4Q loss as it preps return to profitability

BankThink

The Louisiana company got more aggressive with credit issues and recorded its final charge tied to addressing a regulatory order. Earnings Community banking Community banks Louisiana

Louisiana credit union settles alleged retaliation lawsuit

CU Insight

A Louisiana credit union, without any admission of liability, agreed to pay a former branch manager $110,000 to settle a retaliation lawsuit brought by the U.S. The post Louisiana credit union settles alleged retaliation lawsuit appeared first on CUInsight. Equal Employment Opportunity Commission earlier this year. In a three-year court decree settlement announced Dec.

CFPB February 2017 complaint report highlights credit reporting complaints, complaints from Louisiana consumers

CFPB Monitor

The report also highlights complaints from consumers in Louisiana and the New Orleans metro areas. Findings regarding complaints from Louisiana consumers include the following: As of February 1, 2017, approximately 12,400 complaints were submitted by Louisiana consumers of which approximately 4,500 were from New Orleans consumers. Barbara S. Mishkin. The CFPB has issued its February 2017 complaint report that highlights credit reporting complaints.

Bank acquirers are taking a hard look at the Gulf Coast

BankThink

Community banking Commercial banking M&A Florida Alabama Mississippi Louisiana TexasDiverse economies and a limited number of sellers are making markets like Tampa, Fla., a hot spot for growth-minded banks.

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Louisiana CU Pays $110,000 to Settle EEOC Lawsuit Charging Racial Discrimination

Keith Leggett's Credit Union Watch

Meritus Credit Union (Lafayette, LA), formerly Lafayette Schools Federal Credit Union, has agreed to pay a former branch manager $110,000 to settle a racial discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC).

Hancock to buy MidSouth Bancorp for $213 million

BankThink

Community banking M&A Growth strategies Capital LouisianaMidSouth had spent the last two years improving credit quality by reducing its exposure to energy credits.

Iberia sets higher expectations with 2020 return targets

BankThink

The Louisiana company has vowed to meaningfully improve investor returns and efficiency over the next two years. Earnings M&A Consolidations Expense management Regional banks Louisiana

Iberiabank reports higher quarterly profit on cost control, rising rates

BankThink

The Louisiana company also said that credit company in its energy portfolio improved during the first quarter. Earnings Commercial lending Energy industry Louisiana

Investor group plans New Orleans expansion as part of bank acquisition

BankThink

Community banking M&A Capital LouisianaRiver Road Financial has agreed to buy Mississippi River Bank in a deal that will bring in a new CEO.

One-time charges overshadow higher revenue at Iberiabank

BankThink

The Louisiana company recorded charges tied to recently passed tax reform and the purchase of Sabadell United Bank. Earnings Regional banks M&A Consolidations Louisiana

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Louisiana floods hit about 200 credit union employees

CU Insight

The Louisiana Credit Union League said Monday the homes of up to 200 credit union employees have been damaged by the worst floods ever recorded in the state. The 200 figure is a preliminary one and it is probably a low figure,” Connie Major, EVP and CFO for the Louisiana league , said.

Hancock Whitney is sold on MidSouth, warts and all

BankThink

Community banking M&A Growth strategies Capital Louisiana TexasThe New Orleans company is comfortable buying with the deal despite MidSouth's lingering credit issues, given a shared history and the opportunity to add low-cost deposits.

Louisiana flood relief donations double within a week

CU Insight

The number of Louisiana credit union employees affected by statewide flooding has reached roughly 300, and the generosity of the credit union movement is matching the pace of the need. The post Louisiana flood relief donations double within a week appeared first on CUInsight.

Iberiabank warns of 3Q costs from hurricanes and energy exposure

BankThink

The Louisiana company also set aside funds to cover efforts to settle litigation tied to its mortgage business. Earnings Hurricane Harvey Hurricane Irma Mortgages Florida Louisiana Texas

Investar in La. to enter Houston with latest acquisition

BankThink

Community banking M&A Capital Growth strategies Texas LouisianaThe company agreed to buy Mainland Bank for nearly $20 million in stock.

First Bancshares entering New Orleans with FPB acquisition

BankThink

Community banking M&A Growth strategies Capital Mississippi LouisianaThe Mississippi company will pay $86 million for seven branches with $318 million in deposits.

Large Louisiana Bank Fails - Update on 2017 Bank and CU Failures

Deposit Accounts

Blog Large Louisiana Bank Fails - Update on 2017 Bank and CU Failures. Large Louisiana Bank Fails - Update on 2017 Bank and CU Failures. The acquired branch locations will re-open during normal business hours as Whitney Bank in Louisiana and Hancock Bank in Florida. | About Us.

Investar to enter Alabama with Bank of York deal

BankThink

The Louisiana company will pay $15 million in cash for Bank of York. Community banking M&A Growth strategies

Nearly two years into turnaround, MidSouth chief still has his hands full

BankThink

Community banking Capital M&A Energy industry LouisianaJames McLemore, one of our community bankers to watch in 2019, has more energy loans to purge and must exit the Small Business Lending fund and a BSA-related enforcement action.

Where the small-bank lobby will focus next

BankThink

Community banks De novo institutions Regulatory relief CECL ICBA Louisiana TennesseeCongress granted banks significant reg relief last year, but incoming ICBA Chairman Preston Kennedy says a lighter touch is needed with Bank Secrecy Act rules, loan-loss modeling and call reports.

Business First expanding in northern La. with Richland State deal

BankThink

M&A Community banking Capital Growth strategies LouisianaThe company will gain $305 million in assets after completing the $51 million acquisition.

Energy losses, restructuring charges contribute to 2Q loss at MidSouth

BankThink

The Louisiana company, which recorded a large loan-loss provision to cover energy-related chargeoffs, also disclosed a new regulatory order from the Office of the Comptroller of the Currency. Community banking Earnings Restructuring Expense management Energy industry Louisiana

Century Next to enter southern Ark. with bank acquisition

BankThink

Community banking M&A Growth strategies Arkansas LouisianaThe company agreed to buy the parent of First National Bank of Crossett for about $13 million.