MEMPHIS, Tenn. and LAFAYETTE, La. - First Horizon National Corporation and IBERIABANK Corporation announced completion of their previously announced all-stock merger of equals. The combined company, with $79 billion in assets, $60 billion in deposits and $58 billion in loans…
NEW ORLEANS - Last night, the Senate passed an extension of the deadline for small businesses to apply for Paycheck Protection Program loans. If the legislation becomes law, businesses will have until Aug. 8 to apply for the $130 billion…
GULFPORT, Miss. — Hancock Whitney Bank said it will provide $125,000 in relief assistance to those in low- and moderate-income households who have experienced job loss, furlough or a reduction in hours of work or pay due to the economic…
NEW ORLEANS - From the Urban League of Louisiana: The National Urban League and the Urban League of Louisiana understand that navigating the resources available to support your business during this critical time can be stressful and complicated. In an…
BATON ROUGE —Independent Banker magazine, the monthly publication of the Independent Community Bankers of America, unveiled its annual 40 Under 40: Emerging Community Bank Leaders list. The award recognizes the nation’s up-and-coming community bank innovators and influencers who represent the…
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell acknowledged Friday that the Fed faces a major challenge with the launch in the coming days of a program through which the Fed will lend directly to private companies for the first…
NEW ORLEANS — Fidelity Bank and the Louisiana Hospitality Foundation will celebrate women in the hospitality industry with the launch of their annual P.O.W.E.R. Plates campaign. The eight-week celebration (beginning June 1, 2020) of women in the hospitality industry is…
METAIRIE – MBT Bancshares, the holding company of Metairie Bank & Trust, announced today that its board of directors at its meeting on May 26 declared a semi-annual cash dividend of $0.50 per share on the common stock of the…
BATON ROUGE – From Business First Bancshares: Business First Bancshares Inc., parent company of b1BANK, announced its unaudited results for the quarter ended March 31, 2020, including net income…
GULFPORT, Miss. — Hancock Whitney bank said it has committed $2.5 million for investments in communities to help people in some of the Gulf South’s most vulnerable neighborhoods during the COVID-19 pandemic. The investments provide financial support for priorities in…
WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it will keep its key short-term interest rate near zero for the foreseeable future as part of its extraordinary efforts to bolster an economy that is sinking into its worst crisis since the…
NEW YORK (AP) — The smallest companies seeking coronavirus relief loans were moving to the head of the line Wednesday after the Small Business Administration said that for eight hours ending at midnight Eastern time it would accept loans only…
NEW ORLEANS - Yesterday, when the SBA reopened the application process for Paycheck Protection Program loans, “batch uploads” from big banks were the likely reason the SBA’s computer system was overloaded and difficult to use. The problems continued today. When…
GULFPORT, Miss. — From Hancock Whitney: During the two weeks during which federal dollars were available for the first round of the U.S. Small Business Administration Paycheck Protection Program (PPP), Hancock Whitney (Nasdaq: HWC) provided $1.7 billion in SBA-approved funding…
NEW ORLEANS - From IBERIABANK: IBERIABANK (www.iberiabank.com), the 133-year-old subsidiary of IBERIABANK Corporation, reported results related to the Small Business Association’s Paycheck Protection Program (SBA PPP). In approximately two weeks, IBERIABANK provided support to a significant number of eligible clients…
NEW ORLEANS - A week ago, there were more than 18,000 confirmed COVID-19 cases and more than 700 deaths in Louisiana. Now, there are more than 23,000 cases and more than 1,200 deaths. Despite those numbers, officials at all levels…
NEW ORLEANS – From Gulf Coast Bank & Trust Company: Today, Gulf Coast Bank & Trust Company President and CEO Guy T. Williams announced the ten winners of their 8th Annual Community Rewards Program. The Awards will be presented to…
NEW YORK (AP) — The flow of money to small businesses under the government's $349 billion coronavirus relief plan is picking up momentum although many company owners are still waiting and wondering. Money that was held up by technological and…
NEW ORLEANS - Reports from around the country indicate that the Paycheck Protection Program has been rolling out more slowly than hoped but local bankers, at least, say they’re getting the job done. The federal government’s plan is to offer…
BIRMINGHAM, Ala. - From Regions Bank: Congress moved quickly to help the American public with a $2 trillion stimulus bill. Unfortunately, fraud experts believe scammers will move just as quickly to try to take your share away. The key is…
NEW ORLEANS - The federal Paycheck Protection Program officially went live Friday, April 3. The unprecedented initiative aims to provide up to $350 billion to small businesses nationwide to allow them to maintain payroll and prevent an even bigger economic…
NEW ORLEANS – We asked more than 500 local business leaders how they are dealing with the challenges of the global COVID-19 pandemic. Here are some of their insights and observations: How are you coping with the current coronavirus crisis?…
LAFAYETTE – Home Bank announced today that it has earned the highest rating of “Outstanding” for its recent Community Reinvestment Act examination by the Office of the Comptroller of the Currency. The examination includes an evaluation of the bank’s lending,…
NEW ORLEANS - BizNewOrleans has learned that Monday’s IberiaBank deal is not the only Louisiana banking news of the week. Yesterday, the Hammond-based First Guaranty Bank completed the acquisition of The Union Bank in Marksville. First Guaranty has 1.8 billion…
(NEW ORLEANS) - Yesterday’s news that IberiaBank is combining with First Horizon — a bank of similar size based in Memphis, Tenn. — is generating mixed reactions among south Louisiana banking experts. Guy T. Williams, the president and CEO of…
LOUISIANA – With the holidays fast approaching, retailers aiming to boost holiday sales should prioritize seamless, personalized retail experience over flashy technology to ease busy shoppers’ woes. This is the key takeaway from a survey recently commissioned by Cox Business…
BATON ROUGE, La. – Investar Holding Corporation (Nasdaq:ISTR)(“Investar”), and its wholly-owned subsidiary, Investar Bank, National Association, Baton Rouge, Louisiana (“Investar Bank”), today announced that they have entered into a definitive agreement (the “Agreement”) to acquire Bank of York, an Alabama…
SEATTLE (AP) — A security breach at Capital One Financial, one of the nation's largest issuers of credit cards, compromised the personal information of about 106 million people, and in some cases the hacker obtained Social Security and bank…
NEW ORLEANS - IBERIA announced in a press release that James J. Reiss III has joined IBERIA Wealth Advisors as executive vice president and regional managing director for Louisiana and Texas. A native of New Orleans, Reiss most recently served…
NEW ORLEANS – Gulf Coast Bank & Trust Company president Guy T. Williams recently announced that Christian Briceno has been appointed to branch manager at the Carrollton Office, located on 201 N. Carrollton Avenue in New Orleans. Details were shared in…
