Florida bank hires former Hibernia Bank CEO
A Florida bank has lured the former CEO of Hibernia Bank out of retirement and added some of his former associates to its leadership roster. First Southern Bancorp of Boca Raton, Fla., has hired Herb...
View ArticleLoan officers fall victim to bank mergers, soft real estate market
Mergers that continue to shake up the New Orleans banking industry could spell new opportunities for banks to grow market share via loan officers, but some industry insiders have a fairly bleak outlook...
View ArticleEarnings push Hiberina toward commercial loan emphasis
CEO Peyton Bush III said Hibernia plans to target more commercial lending transactions, which are larger and offer higher yields than residential mortgage loans.
View ArticleLow interest rates spur banks to sell mortgages
Mortgage rates are near 50-year lows, a boon for those seeking to refinance or buy a new home in recent months but less so for local lenders searching for other ways to make money as profit margins...
View ArticleNewsmaker Q&A: Ron Samford, Metairie Bank CEO
Ron Samford said Metairie Bank has the same potential for growth as Hibernia Bank did when he moved here to take a job there two decades ago. One of his goals will be to ease the ultra-conservative...
View ArticleHibernia Bank earnings dive amid interest rate pressure
Hibernia Bank is backing away from making long-term, fixed-rate loans for the time being as rock-bottom interest rates continue to erode its earnings.
View ArticleHome construction bolsters local lending
Residential construction lending among New Orleans-area community banks is expected to remain an important area of lending moving into 2014, according to local industry leaders.
View ArticleBanks want changes in new rules for riskier loans
The new Qualified Mortgage guidelines offer banks protection against lawsuits should a borrower default on their loan, but lenders are considering whether it’s worth the risk to make loans outside...
View ArticleHibernia Bancorp posts modest increase for fourth quarter, year
Hibernia Bancorp Inc., the holding company of Hibernia Bank in New Orleans, reported net income of $68,000 for the fourth quarter ended 2016, compared with $61,000 for the same time period in 2015.
View ArticleNew Orleans-based Hibernia Bank merger completed
Union Savings and Loan Association has completed its merger with Hibernia Bancorp Inc., the company said Monday.
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