Louisiana Community Bancorp Announces Plans to Consolidate Subsidiary Banks
June 08, 2017 / By ICBA
Houma, Louisiana – June 8, 2017 – Louisiana Community Bancorp (LCB) announced plans to consolidate its five subsidiary banks into one bank in the first quarter of 2018.
The existing charters of the Louisiana-based banks -City Savings Bank (headquartered in DeRidder), Coastal Commerce Bank (headquartered in Houma), Kaplan State Bank (headquartered in Kaplan), Teche Bank and Trust (headquartered in St. Martinville), and Tri-Parish Bank (headquartered in Eunice) will combine into one charter with a new bank name.
LCB plans to announce the bank name and introduce a new company brand throughout its market areas early next year.
“This transition does not involve any change of ownership, but merely combines our five banks into one,” said Mark Folse, CEO of Louisiana Community Bancorp. “The consolidation means more resources, more streamlined operations and more opportunity as we expand our branch footprint to 25 locations in Louisiana by 2018. We are confident that integrating our five banks into one common brand will allow us to offer an even better customer service experience and enhanced technology and products – the right size with the right service,” Folse said.
Once combined the bank will be one of the 10 largest banks in the state servicing 11 parishes with assets over $1.2 billion.
Contact:
Mark Folse
mark.folse@coastalcommerce.com
985-580-2265 (office)
985-381-9129 (mobile)
The existing charters of the Louisiana-based banks -City Savings Bank (headquartered in DeRidder), Coastal Commerce Bank (headquartered in Houma), Kaplan State Bank (headquartered in Kaplan), Teche Bank and Trust (headquartered in St. Martinville), and Tri-Parish Bank (headquartered in Eunice) will combine into one charter with a new bank name.
LCB plans to announce the bank name and introduce a new company brand throughout its market areas early next year.
“This transition does not involve any change of ownership, but merely combines our five banks into one,” said Mark Folse, CEO of Louisiana Community Bancorp. “The consolidation means more resources, more streamlined operations and more opportunity as we expand our branch footprint to 25 locations in Louisiana by 2018. We are confident that integrating our five banks into one common brand will allow us to offer an even better customer service experience and enhanced technology and products – the right size with the right service,” Folse said.
Once combined the bank will be one of the 10 largest banks in the state servicing 11 parishes with assets over $1.2 billion.
Contact:
Mark Folse
mark.folse@coastalcommerce.com
985-580-2265 (office)
985-381-9129 (mobile)
Subscribe now
Sign up for the Independent Banker newsletter to receive twice-monthly emails about new issues and must-read content you might have missed.
Sponsored Content
Featured Webinars
Join ICBA Community
Interested in discussing this and other topics? Network with and learn from your peers with the app designed for community bankers.
Subscribe Today
Sign up for Independent Banker eNews to receive twice-monthly emails that alert you when a new issue drops and highlight must-read content you might have missed.
News Watch Today
Join the Conversation with ICBA Community
ICBA Community is an online platform led by community bankers to foster connections, collaborations, and discussions on industry news, best practices, and regulations, while promoting networking, mentorship, and member feedback to guide future initiatives.
Join the Community Example Text
