Red River Bank Announces Planned Expansion into New Orleans, Louisiana; Hires Meghan Donelon as Market President

Rhea-AI Summary

Red River Bank has announced its expansion into the New Orleans market, appointing Meghan Donelon as the New Orleans market president. With extensive financial services experience and deep local knowledge, she is expected to strengthen the bank's presence in Louisiana's largest market. President and CEO Blake Chatelain expressed optimism about expanding banking relationships in the region. The bank aims to provide relationship-focused banking and advanced digital services to meet the financial needs of local consumers and businesses.

Positive

• Expansion into New Orleans expected to increase market presence.
• Meghan Donelon's local expertise and financial experience are anticipated to enhance operations.

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• None.

ALEXANDRIA, La., Aug. 31, 2021 (GLOBE NEWSWIRE) -- Red River Bank has announced its planned expansion into the New Orleans, Louisiana, market and has hired Meghan Donelon as its New Orleans market president.

A New Orleans native and Louisiana State University graduate, Meghan brings to the role a wealth of financial-services experience in large markets, most recently in Dallas, Texas, and more than a decade in the New Orleans metropolitan statistical area.

Red River Bank President and CEO Blake Chatelain, said, “Over the past few years, we have seen increased opportunities to develop banking relationships in New Orleans. We are eager to have Meghan lead the bank’s expansion into Louisiana’s largest market. Her community-banking mindset and vast experience in that region will be an asset to our organization and customers.”

“I am excited to lead the New Orleans expansion of the third-largest Louisiana-based bank,” stated Meghan. “Consumers and businesses alike will appreciate Red River Bank’s relationship-focused approach to banking, deep Louisiana experience, and commitment to supporting local communities. Our exceptional customer service is complemented by today’s digital technologies, enabling Red River Bank to offer customers a host of products and services to meet their financial needs.”

About Red River Bank
Red River Bank is a Louisiana state-chartered bank established in Alexandria, Louisiana, in 1999 that provides a fully integrated suite of banking products and services tailored to the needs of its commercial and retail customers. Red River Bank operates from a network of 26 banking centers throughout Louisiana and one combined loan and deposit production office in Lafayette, Louisiana. Red River Bank is a subsidiary of Red River Bancshares, Inc., which trades under the trading symbol RRBI on the Nasdaq Global Select Market. Learn more at redriverbank.net.

Contact:
Leigh Ann Purvis
Marketing Director
leighann.purvis@redriverbank.net
318-561-5903

FAQ

What is Red River Bank's expansion plan in New Orleans?

Red River Bank plans to expand into the New Orleans market, appointing Meghan Donelon as the market president.

Who is Meghan Donelon and what experience does she bring?

Meghan Donelon is a New Orleans native with extensive financial services experience, including a decade in the New Orleans area and recent work in Dallas.

What are the anticipated benefits of Red River Bank's expansion?

The expansion is expected to increase banking relationships and provide enhanced customer services, leveraging advanced digital technologies.

What is Red River Bank's mission in New Orleans?

Red River Bank aims to focus on relationship-based banking to better serve local consumers and businesses.

What is the significance of the New Orleans market for Red River Bank?

The New Orleans market is significant as it is Louisiana's largest market, presenting numerous opportunities for growth.