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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...

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Loan 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...

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Earnings 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.

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Low 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...

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Newsmaker 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...

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Hibernia 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.

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Home 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.

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Banks 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...

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Hibernia 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.

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New 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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