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 four branches, all of which were in Louisiana, including a branch at 1010 Common. In 2015, the company was acquired by Home Bancorp, Inc.
| Industry | Banking |
|---|---|
| Founded | 1909 |
| Defunct | September 15, 2015 |
| Fate | Acquired 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] | |
History
editThe 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]
References
edit- ^ "Louisiana Bancorp, Inc. 2014 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ "FDIC Bank Info: Bank of New Orleans (FDIC # 28411)". Federal Deposit Insurance Corporation.
- ^ DeGregorio, Jen (October 31, 2008). "Whitney bank to seek $282 million as part of federal bailout". The Times-Picayune.
- ^ "Home Bancorp Completes Acquisition Of Louisiana Bancorp, Inc" (Press release). PR Newswire. September 15, 2015.
- ^ LaRose, Greg (September 17, 2015). "Bank of New Orleans now under Home Bank ownership". The Times-Picayune.