Louisiana

A bill that would have capped payday loan rates at 36% failed to get through committee, but credit unions have pledged to continue to fight for the legislation.

It is comfortable with the deal for MidSouth despite the seller's lingering credit issues, given a shared history and the opportunity to add low-cost deposits.

MidSouth had spent the last two years improving credit quality by reducing its exposure to energy credits.

The company could use its share of proceeds from the IPO to repay debt and pursue bank acquisitions.

Congress granted banks significant reg relief last year, but incoming ICBA Chairman Preston Kennedy says a lighter touch is needed with Bank Secrecy Act rules, loan-loss modeling and call reports.

Wymar Federal Credit Union in Louisiana has also distributed a bonus to members.

Stephanie Sievers, who already has experience running two small credit unions, will take over at the $35 million-asset CU.

The Louisiana company got more aggressive with credit issues and recorded its final charge tied to addressing a regulatory order.

River Road Financial has agreed to buy Mississippi River Bank in a deal that will bring in a new CEO.

James McLemore, one of our community bankers to watch in 2019, has more energy loans to purge and must exit the Small Business Lending fund and a BSA-related enforcement action.