Louisiana

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

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.

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.