WASHINGTON (AP) — The Federal Reserve is getting some unwanted help in its drive to slow the U.S. economy and defeat the worst bout of inflation in four decades: a cutback in bank lending. The upheaval in the financial system…
BATON ROUGE – Louisiana State Treasurer John M. Schroder said money belonging to Louisiana taxpayers is safe in the wake of the failures of Silicon Valley Bank and Signature Bank. “Treasury has no exposure to the banks that have been…
NEW ORLEANS — No doubt, there will be books and documentaries galore about last week’s Silicon Valley Bank and Signature Bank failures, which rank as the second and third worst in U.S. history. Right now, everyone just wants to know…
METAIRIE — The board of directors of Metairie Bank and Trust Co. has announced the election of three new members: David W. Perlis, John P. LeBlanc and Michael A. Gennaro. Perlis is president and co-owner of Perlis Inc., a third-generation…
NEW ORLEANS — No doubt, there will be books and documentaries galore about last week’s Silicon Valley Bank and Signature Bank failures, which rank as the second and third worst in U.S. history. Right now, everyone just wants to know…
NEW ORLEANS (AP) — The former chief executive of a failed bank in New Orleans was convicted Thursday of bank fraud, conspiracy and other charges in federal court. New Orleans news outlets report that a federal jury convicted Ashton Ryan…
NEW ORLEANS – Steve Webb, president and CEO of Neighbors FCU, will serve as the new board chair of the Louisiana Credit Union League. He succeeds Sidney Parfait, former president and CEO and current…
NEW ORLEANS — On Jan. 24, Gulf Coast Bank & Trust Company President and CEO Guy T. Williams announced record earnings for the year ended Dec. 21, 2022. The bank said it earned $65,712,000 pre-tax in 2022. In 2021, it…
BATON ROUGE – Investar Bank has announced the appointment of John Campbell as executive vice president and chief financial officer. Campbell will report to President and Chief Executive Officer John D’Angelo and serve as a strategic and tactical business partner…
NEW ORLEANS (press release) – New Orleans Firemen’s Federal Credit Union has been recognized as an "Inclusive Workplace" by Best Companies Group, a workplace culture and employee engagement expert, and COLOR Magazine, a leader in corporate inclusivity. “We are honored…
NEW ORLEANS — From Liberty Bank: On Nov. 16, 1972, Liberty Bank began operations as a community bank out of a construction trailer on Tulane Avenue in New Orleans. With $2 million dollars in assets, more than 2,000 people signed…
NEW ORLEANS — Liberty Financial Services announced that it has been awarded $40 million in New Markets Tax Credits by the CDFI Fund, an arm of the U.S. Treasury. Liberty is a certified Community Development Finance Institution (CDFI) and Community…
METAIRIE – On Friday, Nov. 4, Metairie Bank will partner with the Louisiana SPCA to find “forever homes” for homeless pets. Pet Adoption Day 2022 will take place from 10 a.m. to 2 p.m. in the parking lot of the…
NEW ORLEANS – Fidelity Bank said it has completed forgiveness for 99% of the Payroll Protection Program (PPP) loans it issued during the COVID-19 pandemic. The bank, which issued more than 2,000 such loans totaling $800 million, said its forgiveness…
LAFAYETTE, La. – Home Bank welcomes Senior Vice President and Director of Marketing Judi LeJeune. LeJeune joins the bank after serving 19 years with IberiaBank/First Horizon as public relations director. She has extensive experience in public relations, media relations and…
METAIRIE — OnPath Federal Credit Union President and CEO Jared Freeman recently announced the promotions of the following team members: Nellie Lovergne, VP of retail training and development; Hope Sanderson, retail training coordinator; Sherrill Woods, VP of retail operations; Denise…
METAIRIE – The board of directors of Metairie Bank and Trust Co. announced that Michael Klumpp will become the community bank’s new CFO, Tonie Carriere will take over as HR director, and Hanna Miller will serve as Covington ops manager. …
NEW ORLEANS – Fidelity Bank and the Louisiana Hospitality Foundation announced that the fourth-annual P.O.W.E.R. Plates Program — a month-long, statewide celebration of women in the hospitality industry — raised $21,000 for local hospitality workers. This year, LHF and Fidelity…
NEW ORLEANS – On Oct. 3, Fidelity Bank joined the American Bankers Association and banks across the nation to promote an industry-wide campaign educating consumers about the persistent threat of phishing scams. The FTC estimates that consumers lost $5.8 billion…
NEW ORLEANS — For the fifth year in a row, Hancock Whitney, in partnership with the Greater New Orleans Foundation, is accepting competitive grant applications from eligible nonprofit organizations that promote access to homeownership, affordable housing development and housing rehabilitation…
METAIRIE, La. – OnPath FCU has announced the addition of Joseph DiTommaso as Northshore community president. DiTommaso is responsible for the growth and expansion of the St. Tammany parish market for OnPath as well as promoting brand awareness through community…
NEW ORLEANS – M C Bank has hired Trey Richoux as senior vice president, innovation director. Richoux will develop and oversee the bank’s new products, services and vendor management. Most recently, Richoux was the chief operating officer at ROAM Destinations…
NEW ORLEANS — From Fidelity Bank: Fidelity Bank was honored by the American Bankers Association’s Brand Slam Awards at this week’s Annual Marketing Conference in Denver. ABA’s panel of 52 credentialed marketing professionals judged hundreds of entries from elite banks…
METAIRIE — OnPath Federal Credit Union President and CEO Jared Freeman announced the promotion of Kristen DeDual to chief operations officer. “Kristen has been an influential and significant force here at OnPath,” Freeman said in a press release. “She has…
NEW ORLEANS – Gulf Coast Bank & Trust Company announced it has acquired the assets of KLC Financial Inc. and KLC Capital Partners LLC. Founded in 1987 and located in Minnetonka, Minn., the company provides specialized lease solutions for vendors…
NEW ORLEANS – Gulf Coast Bank & Trust Company and University of New Orleans Athletics have announced a new, two-year partnership agreement. The bank is paying an undisclosed sum to sponsor the school’s athletic department, and the bank will develop…
NEW ORLEANS – M C Bank has hired Megan Beer Eustis as senior vice president, director of marketing and communications. Eustis was the community relations director at IberiaBank (now First Horizon Bank) for five years. She managed nonprofit partnerships and…
NEW ORLEANS (press release) – BankPlus has announced the successful combination of all First Bank and Trust accounts into the BankPlus system. Following the transfer, clients in both customer bases now have greater access across the Gulf Coast. With the…
NEW ORLEANS — On Aug. 16, Fidelity Bank and Federal Home Loan Bank of Dallas toured the repairs they funded as part of their investment in New Orleans and affordable home ownership. The tour included presentations of giant, symbolic checks…
METAIRIE — OnPath has hired Thomas Aleman, a New Orleans native, as SVP of growth. Aleman comes from Corporate One FCU, a $6 billion corporate credit union, where he was the AVP of key accounts. He specialized in providing consultative…
