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In the News

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City Savings Bank to be consolidated

Louisiana Community Bancorp announced plans to consolidate its five subsidiary banks into one bank in the first quarter of 2018.

The existing charters of the Louisiana-based banks - City Savings Bank (headquartered in DeRidder), Coastal Commerce Bank (headquartered in Houma), Kaplan State Bank (headquartered in Kaplan), Teche Bank and Trust (headquartered in St. Martinville), and Tri-Parish Bank (headquartered in Eunice) will combine into one charter with a new bank name.

LCB plans to announce the bank name and introduce a new company brand throughout its market areas early next year.

“This transition does not involve any change of ownership, but merely combines our five banks into one,” said Mark Folse, CEO of Louisiana Community Bancorp. “The consolidation means more resources, more streamlined operations and more opportunity as we expand our branch footprint to 25 locations in Louisiana by 2018. We are confident that integrating our five banks into one common brand will allow us to offer even better customer service experience and enhanced technology and products - the right size with the right service,” Folse said.

Once combined the bank will be one of the 10 largest banks in the state, serving 11 parishes with assets over $1.2 billion.

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