Louisiana

Bankers got what they asked for when the Federal Open Market Committee raised the federal funds rate by 25 basis points this week, but some banks could face near-term pain as securities portfolios lose value and certain hedging strategies backfire. Moreover, the rate hike won't have a meaningful impact on net interest margins until loan demand picks up.

The $20.7 billion-asset company said in a press release Monday that it had tapped Samuel Erwin as its regional president responsible for covering the state. Erwin will operate from Greenville, S.C.

First NBC Bank in New Orleans, which has been dealing with issues tied to its tax-credit business and concerns about capital, has removed its chief executive.

First NBC Bank Holding in New Orleans said in a press release Thursday that its bank entered into a consent order with the Federal Deposit Insurance Corp. and the Louisiana Office of Financial Institutions on Nov. 10.

First NBC Bank in New Orleans may have avoided one problem only to run into a much bigger issue.

BancorpSouth has extended the deadline to complete two acquisitions until the end of 2017 as it seeks to resolve a recent CRA downgrade.

First Bancshares in Hattiesburg, Miss., has agreed to buy two banks in Alabama and Florida and it announced plans for a capital-raise to fund the deals.

A former NFL quarterback is set to become next chairman of MidSouth Bancorp in Lafayette, La.

Admitting he should have moved more quickly to retool management during a decade of explosive growth, First NBC Bank Chairman and Chief Executive Ashton Ryan Jr. announced several changes designed to improve the New Orleans company's governance practices.

First NBC’s annual report disclosed a full-year loss, lower capital levels and a spike in nonperforming loans, leaving outsiders to ponder how long it will take for the company to get back on track.