Louisiana

Cochran is putting the cap on a career of more than 40 years that includes helping create Louisiana's CU Cooperative Branching Network and serving as the first female chair of the World Council of Credit Unions.

The Louisiana company, which recorded a large loan-loss provision to cover energy-related chargeoffs, also disclosed a new regulatory order from the Office of the Comptroller of the Currency.

The trade association has teamed up with Retail Benefits to create "CU Perks," a shopping rewards program for CU members in the Pelican State.

MidSouth Bancorp in Louisiana, which faces a formal order from its regulators, will cut jobs, close branches and slash its dividend as it works to reduce its energy exposure.

The Louisiana company, which fired its CEO earlier this year, has been paying a hefty dividend on funds it obtained from the Treasury Department in 2011.

The Louisiana company's board has made it clear that independence is "not a God-given right" and wants new management to address energy loan issues, underwriting, capital and expenses.

Entegra Financial disclosed that it held First NBC subordinated debt. An impairment charge tied to the bank's failure will lower Entegra's first-quarter profit by $441,000.

Rusty Cloutier had been CEO of MidSouth Bancorp for 32 years. Energy-sector woes helped do him in.

The Louisiana company also said that credit quality in its energy portfolio improved during the first quarter.

MidSouth also removed Cloutier's son as part of what it called a "transition plan already under way to improve” performance.