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
FateAcquired by Home Bancorp, Inc.
Founded1909 (1909)
DefunctSeptember 15, 2015 (2015-09-15)
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]

History

The bank was founded in 1909.[2]

On May 23, 2007, it became a public company via an initial public offering.[3]

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.[4]

On September 15, 2015, the bank was acquired by Home Bancorp, Inc. for $75 million.[5][6]

References

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