-
First Guaranty Bancshares in Hammond, La., has filed for a $75 million initial public offering.
October 28 -
Because of a regulatory quirk, Lending Club and its competitors depend on banks to issue their loans. The set-up raises questions about the regulatory outlook for the fast-growing marketplace lending sector.
December 18 -
Once known as peer-to-peer, online marketplace lending grew phenomenally and evolved rapidly in 2014, as capital flooded in from institutional investors and traditional bankers sat up and took notice.
December 17 -
Kyle Waters and Andy Bower announced the creation of Loan Evaluation Services this week. The firm will provide independent loan portfolio reviews for community and regional banks that are planning to make acquisitions or have a need for third-party loan portfolio reviews.
October 9
First Guaranty Bancshares in Hammond, La., has postponed its initial public offering, citing "unfavorable market conditions."
The $1.5 billion-asset company seemed poised to go through with the IPO as recently as Tuesday, when it filed an
The company on Friday issued a press release to announce its decision to delay the offering. No timetable was provided for resurrecting the IPO.
Recent pressure on oil and gas prices may have been a factor, though First Guaranty did not mention that issue specifically. First Guaranty, in its shelf registration, touted the oil and gas industries around the Louisiana cities of Lafayette and Shreveport as potential drivers for growth. Two of First Guaranty's three business hubs in the state are in the vicinity of those areas.
A call to First Guaranty was not immediately returned.
