In Brief: La.'s First Guaranty Buying Homestead

First Guaranty Bank in Hammond, La., has announced plans to acquire the $132 million-asset Homestead Bank in Ponchatoula for $13 million.

The deal, announced Thursday and expected to close in the second quarter, would add three branches to the $740 million-asset First Guaranty's 15-branch network, which is located entirely inside Louisiana.

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