Louisiana

NCUA cites safety and soundness concerns at the $107 million-asset credit union.

Ashton Ryan, who had been removed as CEO in December, had been serving as its president. The New Orleans company also agreed to sell preferred stock to directors to help it make payments tied to its subordinated debt.

Unlike most credit union conferences, if you’re under 40, you were too young to “crash” the Louisiana CU League’s annual meeting.

The New Orleans company, which recently sold nine branches and $1.3 billion in loans, was ordered to raise more capital or find a buyer.

Investar will pay $46 million in cash for Citizens, which has three branches and $246 million in assets.

Hancock Holding in Gulfport, Miss., has agreed to buy nine branches and about $1.3 billion in loans from First NBC Bank in New Orleans.

Add Investar Holding in Baton Rouge, La., to the growing list of community banks filing shelf registrations.

Iberiabank in Lafayette, La., has exited loss-share agreements tied to several failed banks it bought after the financial crisis.

Liberty Financial Services in New Orleans said it will redeem more than 11,000 shares of preferred stock it issued as part of the Troubled Asset Relief Program after receiving an investment from BancorpSouth in Tupelo, Miss.

BancorpSouth in Tupelo, Miss., has bought Waguespack & Associates Insurance in Gonzales, La.