Bank of New Orleans

Bank of New Orleans (BNO) was a bank headquartered in Metairie, Louisiana. It was a subsidiary of Louisiana Bancorp, Inc., a bank holding company. It operated 4 branches, all of which were in Louisiana, including a branch at 1010 Common. In 2015, the company was acquired by Home Bancorp, Inc.

Louisiana Bancorp, Inc.
IndustryBanking
Founded1909; 113 years ago (1909)
DefunctSeptember 15, 2015; 7 years ago (2015-09-15)
FateAcquired by Home Bancorp, Inc.
HeadquartersMetairie, Louisiana
Key people
Lawrence J. LeBon, III, Chairman, President & CEO
John LeBlanc, CFO
Total assets$333 million (2014)
Total equity$58 million (2014)
Number of employees
70 (2014)
Footnotes / references
[1]

HistoryEdit

The bank was founded in 1909.[2]

On May 23, 2007, it became a public company via an initial public offering.[citation needed]

In 2008, the bank declined to receive an investment from the United States Department of the Treasury as part of the Troubled Asset Relief Program.[3]

On September 15, 2015, the bank was acquired by Home Bancorp, Inc. for $75 million.[4][5]

ReferencesEdit

  1. ^ "Louisiana Bancorp, Inc. 2014 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ^ "FDIC Bank Info: Bank of New Orleans (FDIC # 28411)". Federal Deposit Insurance Corporation.
  3. ^ DeGregorio, Jen (October 31, 2008). "Whitney bank to seek $282 million as part of federal bailout". The Times-Picayune.
  4. ^ "Home Bancorp Completes Acquisition Of Louisiana Bancorp, Inc" (Press release). PR Newswire. September 15, 2015.
  5. ^ LaRose, Greg (September 17, 2015). "Bank of New Orleans now under Home Bank ownership". The Times-Picayune.