Bank of New Orleans explained

Louisiana Bancorp, Inc.
Industry:	Banking
Fate:	Acquired by Home Bancorp, Inc.
Location:	Metairie, Louisiana
Key People:	Lawrence J. LeBon, III, Chairman, President & CEO John LeBlanc, CFO
Assets:	$333 million (2014)
Equity:	$58 million (2014)
Num Employees:	70 (2014)
Footnotes:	^[1]

Bank of New Orleans (BNO) was a bank headquartered in Metairie, Louisiana. It was a subsidiary of Louisiana Bancorp, Inc., a bank holding company. It operated four branches, all of which were in Louisiana, including a branch at 1010 Common. In 2015, the company was acquired by Home Bancorp, Inc.

History

The bank was founded in 1909.^[2]

On May 23, 2007, it became a public company via an initial public offering.

In 2008, the bank declined to receive an investment from the United States Department of the Treasury as part of the Troubled Asset Relief Program.^[3]

On September 15, 2015, the bank was acquired by Home Bancorp, Inc. for $75 million.^{[4] [5]}

Notes and References

1. Web site: Louisiana Bancorp, Inc. 2014 Form 10-K Annual Report . U.S. Securities and Exchange Commission.
2. Web site: FDIC Bank Info: Bank of New Orleans (FDIC # 28411) . Federal Deposit Insurance Corporation.
3. News: Whitney bank to seek $282 million as part of federal bailout . Jen . DeGregorio . . October 31, 2008.
4. Home Bancorp Completes Acquisition Of Louisiana Bancorp, Inc. . . September 15, 2015.
5. News: Bank of New Orleans now under Home Bank ownership . Greg . LaRose . . September 17, 2015.