Louisiana Community Bancorp in Houma has agreed to buy Tri-Parish Bancshares in Eunice, La.
The $930 million-asset Louisiana Community and the $207 million-asset Tri-Parish did not disclose financial terms of the deal. The two privately held companies expect the transaction to close by the fourth quarter.
Louisiana Community will operate Tri-Parish Bank as a separate bank subsidiary. It would join the other four banks that Louisiana Community now operates as separate institutions: the $416 million-asset Coastal Commerce Bank in Houma, the $313 million-asset City Savings Bank & Trust in DeRidder, the $109 million-asset Teche Bank & Trust in St. Martinville and the $91 million-asset Kaplan State Bank in Kaplan.
Tri-Parish was founded in 1944 and operates three branches, in Eunice and Lafayette. The combined institution would have 24 offices in 11 parishes in Louisiana.