Bank of New Orleans

Last updated
Louisiana Bancorp, Inc.
Industry Banking
Founded1909;112 years ago (1909)
DefunctSeptember 15, 2015;5 years ago (2015-09-15)
FateAcquired by Home Bancorp, Inc.
Headquarters Metairie, 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]

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.

History

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]

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References

  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 .