Section Banking

TAKING MR. RUSTY’S BANK

How a visit from a federal regulator and boardroom intrigue ended Rusty Cloutier’s 33-year tenure at MidSouth Bank

PEOPLE IN BANKING

Regions Bank names Amy Canik senior vice president of commercial banking.

Banking

The following charts show 2016 market share percentages for banks operating in the Lafayette and Lake Charles metro areas, as well as return on assets and return on equity for those financial institutions.

FNB promotes Lyons to COO

Commercial lender now also overseeing loan operations and compliance for four-city franchise.

Cynthia Beslin joins Rayne Building and Loan

Cynthia Beslin has joined Rayne Building and Loan as business development manager, a newly created position at the personal real estate and mortgage lending institution.She is responsible for locating

QB Delhomme named MidSouth board chair

A former standout quarterback for the UL Ragin’ Cajuns and Carolina Panthers of the NFL, Delhomme joined MidSouth in an advisory capacity in 2012, soon after his pro football career ended.

Home Bank CFO honored for public service

Normal.dotm 0 0 1 25 146 The Independent Media Group 1 1 179 12.0 0 false 18 pt 18 pt 0 0 false false false /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman"; mso-ascii-font-family:Cambria; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Cambria; mso-hansi-theme-font:minor-latin;} Joseph Zanco, CFO of Home Bank, was honored with the Distinguished Public Service Award by the Society of Louisiana Certified Public Accountants.

Home Bancorp named to prestigious benchmark

The Lafayette-based parent company of Home Bank has been named to the Russell 3000® Index, an industry-leading measurement of the performance of the 3,000 largest US-traded stocks based on market capitalization.

Piker joins JD as VP

"He’s really going to work with the farmers in this region as we do all we can to help them achieve their goals.”

Durel joins IberiaBank

The former mayor-president becomes the bank’s business development officer for Lafayette.

Not Banking On Oil

While Acadiana rides out its worst economic downturn in decades, some area banks are finding success by staying out of the oil biz.

Bank Shots

It’s indisputable that community banks play a vital role in serving the needs of rural customers and small businesses. So why are they increasingly becoming an endangered species throughout the country?

Banking on Community

Local bankers say they won’t run from oil and gas because it will bounce back; they also believe the area economy is strong enough to see the industry through this down cycle.

Investar Bank's big year

In 2014 the BR-based bank completed an IPO and realized a record year in profitability and loan growth.

MidSouth takes a bite out of fraud

MidSouth Bank is teaming up with McGruff the Crime Dog and the National Crime Prevention Council to help consumers protect themselves from fraud.

MidSouth reports increase in 4Q earnings

Lafayette-based MidSouth Bank released its earnings report Tuesday for the fourth quarter of 2014, possibly showing the first signs of impact from the ongoing oil price drop.

Well Oiled

For banks, the immediate result of the price slide — West Texas Intermediate went from a year high of $107 a barrel in June to the mid-$60 range by late November — has been a decrease in stock prices, especially for those institutions with a high percentage of loans tied to oil and gas service companies.

IberiaBank keeps on growing

With Monday&acutes announcement that it&acutes acquiring Georgia Commerce Bank, IberiaBank will soon have a presence in all five major metros of the southeastern U.S.

La. banking industry takes another hit in 3Q

Signs that our state's banking industry is undergoing a downsizing in 2014 were further confirmed today with the FDIC's latest figures showing a third straight quarter in which Louisiana lost more...

Banking on the Boom

Lake-area financial institutions seeing green. Lake-area financial institutions seeing green. By Patrick Flanagan Friday, Nov. 14, 2014 Lake Charles is ground zero for what's being hailed as one of...

Wunderlich picks Lafayette for 1st La. office

The Memphis based investment firm Wunderlich recently arrived in Louisiana with the opening of a wealth management branch in Lafayette. The Memphis based investment firm Wunderlich recently arrived in...

NYT: sinkhole of Wall Street corruption widens

National newspaper reports this week that big banks will face another round of federal charges. The New York Times reported Monday that the Justice Department is once again going after the world's...

IberiaBank expansion continues

The Lafayette-based bank announced Friday the acquisition of Florida Bank Group Inc. IberiaBank's robust expansion in the southeastern U.S. continues with the corporation announcing Friday the...

Who Should Pay?

Banks are the ones taking the financial hit for retail security breaches, and that just doesn't seem fair. Banks are the ones taking the financial hit for retail security breaches, and that just...

Local banking exec to chair La. Bankers Association

Paul Durand, president of St. Martin Bank and Trust Co., will serve as the 2014-15 chairman of the Louisiana Bankers Association. St. Martin Bank & Trust Co. President and CEO Paul Durand Paul...

St. Martin Bank announces expansion

The holding company for St. Martin Bank & Trust Co. has announced plans to acquire Church Point Bank & Trust. The holding company for St. Martin Bank & Trust Co. has announced plans to...

Bank card scammers are at it again

There's another debit/credit card scam making the rounds - the second this year - this time via a robo call purportedly from MidSouth Bank. There's another debit/credit card scam making the rounds -...

When one vault closes, another one opens

For Jennings-based JD Bank, IberiaBank‘s buyout of Teche Federal couldn‘t have come at a better time. For Jennings-based JD Bank, IberiaBank‘s buyout of Teche Federal couldn‘t have come at a better...

IberiaBank finalizes 2nd buyout of 2014

IberiaBank's buyout of First Private Bank of Texas is a done deal. Photo by Robin May IberiaBank last week added its signage to the forner Teche Federal branch at the corner of Johnston and...

Teche shareholders approve buyout deal

The merger between Teche Federal Bank and IberiaBank is one step closer to finalization after Teche shareholders approved the buyout deal at a meeting held Thursday. The merger between Teche Federal...

Investar Bank one step closer to IPO

Investar Bank's holding company filed paperwork with the U.S. Securities and Exchange Commission for an initial public offering of the bank's common stock. Investar Bank's Lafayette location on...

Teche experiences 2Q earnings drop

Teche Federal Bank's holding company has reported a slight earnings decrease for the second quarter of the 2014 fiscal year. Teche Federal Bank's holding company has reported a slight earnings...

MidSouth earns $6.7 million in Q1

Lafayette bank more than doubles quarterly earnings from first quarter a year ago MidSouth Bancorp - the holding company for MidSouth Bank - reports $6.7 million in quarterly net earnings available to...

Teche shareholders to vote on IberiaBank merger

Under the deal, Teche shareholders would get 1.162 shares of IberiaBank for each share of Teche stock. NEW IBERIA, La. (AP) - Teche Holding Co. shareholders will decide whether to approve IberiaBank...

Up or Down?

Most experts say short-term interest rates will be unchanged through 2014, but long-term rates are inching up. When we look at interest rates indexes used by bankers in pricing loans we look at the...

Bankers Digest

ABiz takes a look back at the most noteworthy moments for the local banking industry over the last year. IberiaBank buys Teche Perhaps one of the biggest banking stories of the past year came with the...

Whitney HQ Opens in River Ranch

Regional bank bids farewell to Downtown May 30 Though the Downtown branch has yet to officially shut its doors, Whitney Bank's new regional headquarters in River Ranch is now open for...

Get Smart

Thanks to cutting-edge digital technology, more and more consumers are banking on ATMs and mobile phones. The days of traditional brick-and-mortar banking may not be coming to an end - at least not...

BancorpSouth expands its Acadiana footprint

In a press release issued Wednesday, BancorpSouth announced a deal to acquire Knox Insurance Group of Lafayette. In a press release issued Wednesday, BancorpSouth announced a deal to acquire Knox...

IberiaBank confirms 97 layoffs

Following its acquisition of Teche Holding Co. in January, IberiaBank filed paperwork Monday with the Louisiana Workforce Commission for the layoff of 97 workers at Teche Federal's corporate...

Scam alert

A robo call asking banking customers for their personal information is a scam, according to a press release issued Tuesday by Lafayette PD. A robo call asking banking customers for their personal...

IberiaBank announces 2nd merger of 2014

IberiaBank, in a deal announced Tuesday, is acquiring the Dallas-based First Private Bank of Texas. Photo by Robin May IberiaBank President and CEO Daryl Byrd announced in January plans to acquire...

Teche deal is financial windfall for Littles

According to Teche's annual shareholder report and proxy statement, top exec Patrick Little's cut will equal a payout of $18.49 million. Brothers Patrick and Ross Little had to be smiling Monday...

IberiaBank buys Teche

IberiaBank Corp. is acquiring Teche Holding Co. in deal valued at $161 million, officials announced Monday morning. IberiaBank Corp. is acquiring Teche Holding Co., according to a press release issued...

JPMorgan pays over $2 billion in Madoff fraud

Already beset by other costly legal woes, JPMorgan Chase & Co. agrees to pay more than $2 billion for ignoring obvious warning signs of Bernard Madoff's massive Ponzi scheme. NEW YORK (AP) -...

Jake Delhomme on life after the NFL

After formally being named last week as the newest member of MidSouth Bank's board of directors, retired NFL quarterback and former UL Lafayette standout Jake Delhomme appeared Thursday morning on...

MidSouth goes global

MidSouth Bancorp's transition to the New York Stock Exchange was made official Tuesday, marking the debut of the Louisiana-based company's common stock on the global market. MidSouth Bancorp announced...

Investar Bank announces Lafayette leadership team

Investar Bank has announced its leadership team for the Lafayette market, including industry veterans Pamela LeBlanc, Phyllis Miller and Libby LeBlanc. Investar Bank has announced its leadership team...

BancorpSouth profits hold steady on worker buyouts

Regional bank BancorpSouth Corp., which is building a new headquarters for its local operations in River Ranch, said profit in 2013's second quarter rose less than 1 percent from the same three months...

BancorpSouth breaks ground

BancorpSouth is expanding its local footprint with the construction of an 8,000-square-foot office building on Settlers Trace Boulevard, which will serve as a headquarters for the Mississippi-based...

Banking On It

While the breadth and depth of the financial industry’s down cycle is hard to predict, there is ample evidence Acadiana bankers will emerge bruised — not battered. News remains very encouraging about...


View all sections »