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.
| 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
The bank was founded in 1909.[2]
On May 23, 2007, it became a public company via an initial public offering.
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
- "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.
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