How a visit from a federal regulator and boardroom intrigue ended Rusty Cloutier’s 33-year tenure at MidSouth Bank
Section Banking
Trent Folse joins Bank of America Merrill Lynch
Folse named senior vice president and senior relationship manager for Middle Market Group.
MidSouth raises $51.4M in stock sale, announces sweeping changes
Bank's parent company announces completion of an underwritten public offering of 4.6 million shares of its common stock at $12 per share.
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.
Commercial lender now also overseeing loan operations and compliance for four-city franchise.
Kade Peterson named CIO at MidSouth Bank
For the past three years, Peterson worked for USAmeriBank in Tampa, Fla., as EVP and Chief Operations Officer.
Lott named Lafayette president of Investar Bank
Lott has more than 30 years of experience in banking.
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
MidSouth Bank promotes Bryant DeLoach to regional president
Commercial lender now leading Lafayette, Carencro and Opelousas markets
MidSouth Bank promotes Kevin Latiolais to Louisiana president
27-year MidSouth Bank veteran most recently served as Acadiana regional president.
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.
Investar Bank among ’Fastest-Growing Tiger Businesses’
Highly competitive program identifies, recognizes and celebrates the 100 fastest-growing Tiger-owned or Tiger-led businesses in the world.
MidSouth Bank promotes Troy Cloutier to CEO
Longtime executive has served as president of the bank for the past year.
Home Bank CFO honored for public service
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MidSouth Bank promotes Thomassie to marketing director
Responsibilities include overall development and supervision of bank's strategic planning initiatives throughout its Louisiana-Texas franchise.
JD Bank names Ann Barilleaux marketing director
Lake Charles native most recently was marketing consultant for CenterPoint Energy.
Bancorp South owes millions following discriminatory lending settlement
The Mississippi lender was redlining black customers. The DOJ caught it red-handed.
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.
"He’s really going to work with the farmers in this region as we do all we can to help them achieve their goals.”
Bobbs, Rader, Washington named to Home Bank board
Board Chairman Mike Maraist said in a press release that each new member brings to the bank “a unique set of experiences and knowledge to help us continue to broaden our success.”
The former mayor-president becomes the bank’s business development officer for Lafayette.
While Acadiana rides out its worst economic downturn in decades, some area banks are finding success by staying out of the oil biz.
Tri-Parish Bank part of new 5-bank holding company
DeRidder-based Louisiana Community Bancorp and Tri-Parish Bancshares of Eunice join forces.
JPMorgan Chase donates $75K to INNOV8
Money will primarily be used for personnel and programming to help grow Acadiana’s entrepreneurial ecosystem.
Home Bank takes over old Teche location on Johnston
Downtown Jefferson Street staff and operations will be relocated to new space.
Cap One Bank helps meet local demand for software developers
Bank grants 18K to SLCC for program recruitment, certifications and programming devices for hands-on skill development.
MidSouth Bancorp's third quarter earnings fall
Quarterly earnings down nearly $2 million from comparable period a year ago.
Capital One Bank cuts assistant branch manager position statewide
It's unclear how many jobs are lost in the latest cost-saving measures taken by the banking giant.
Dan Menard named chairman of St. Martin Bank and Trust Co.
Menard replaces Emile J. Barras, who was is now chairman of the board emeritus.
MidSouth Bank promotes Troy Cloutier to prez
Troy Cloutier follows in the footsteps of his father Rusty Cloutier as president of MidSouth Bank.
St. Martin Bank makes national trade mag's 2015 'Best of ...' list
St. Martinville-based bank earns a spot on Independent Banker's "Stronger Than Ever" list.
Home Bancorp acquires Louisiana Bancorp in deal worth $74.5M
Merger with New Orleans bank increases Home Bancorp's total assets to about $1.5 billion.
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?
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.
JD Bank continues Acadiana expansion with 2 new branches
Following its arrival in the Acadiana market last year with the opening of a River Ranch office, Jennings-based JD Bank unveils two new locations.
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.
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.
With Monday´s announcement that it´s 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...
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...
IberiaBank claims 'sensitive' info stolen by 2 former Teche execs
IberiaBank has already retrofitted many of the Teche Federal Bank locations it acquired in a buyout earlier this year, but some residuals from the estimated $161 million deal are still playing out,...
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...
MidSouth Bank announces 2Q earnings for shareholders
Midsouth Bank has released its second quarter earnings report, showing a year-over-year increase for shareholders. Midsouth Bank has released its second quarter earnings report, showing a...
Business 1st Bank positioning itself as BR's biggest community bank
Business First Bank has announced plans for a Baton Rouge market expansion through a merger deal with American Gateway Financial Corp. Business First Bank - founded by former Gov. Buddy Roemer - has...
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...
Investar Bank announces expansion in Lafayette
New location will be located at 1510 Kaliste Saloom Road, near the intersection of Rue Louis XIV and River Ranch.
Investar Bank plans to raise up to $56.2 million with IPO
Investar Bank released the terms of its initial public offering Wednesday, announcing up to 3.3 million of the company's shares will be up for grabs. Investar Bank released the terms of its initial...
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...
MidSouth Bank founding member Dr. Joe Hargroder dies
Retired family physician from Jennings, who played a pivotal role in the bank's creation in 1985, died Thursday after a long battle with cancer. Dr. Joe Hargroder, one of the bank's founding members...
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...
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...
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...
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...
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 confirms branch closures, job losses from Teche deal
IberiaBank President and CEO Daryl Byrd says a total of eight branches overlap in Baton Rouge, Lafayette and New Iberia. Closings will include both banks' locations. New details regarding IberiaBank's...
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 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 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...
Beth Ardoin promoted, named to Federal Reserve board in N.O.
With promotion, the IberiaBank exec assumes additional responsibility overseeing human resources. IberiaBank announced that Lafayette's Beth Ardoin, who was promoted to senior executive vice president...
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...
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