NEW ORLEANS -- Hibernia Corp. said its mergers with First Bancorp of Louisiana and First Continental Bancshares became effective Monday.
First Bancorp is a $22,5 million-asset, two-bank holding company based in west Monroe. It extends Hibernia's coverage to two additional parishes in northeast Louisiana and, with the previously completed merger of Bastrop National Bank, gives Hibernia a 21% deposit share in the region.
The addition of First Continental, with $375 million of assets in suburban New Orleans, makes Hibernia the largest bank in Jefferson Parish in assets, market share', and offices.