Red River Bank in Louisiana operational status following Hurricane Laura

Rhea-AI Summary

Red River Bank continues to provide banking services following Hurricane Laura's impact on Louisiana. As of August 28, 2020, most banking centers and ATMs remain operational, particularly in Central Louisiana, Shreveport/Bossier City, Baton Rouge, and Covington. Power restoration is expected in Central Louisiana by the weekend, although the situation in Southwest Louisiana is still uncertain. CEO Blake Chatelain noted that all employees are safe and no bank locations were damaged, emphasizing their commitment to helping customers during this challenging time.

Positive

• All employees are safe with no damages to bank locations.
• Most banking centers and ATMs are operational, ensuring continued services.
• Power restoration is expected soon in Central Louisiana, indicating improving conditions.

Negative

• Uncertainty regarding power restoration in Southwest Louisiana could affect operations.

ALEXANDRIA, La., Aug. 28, 2020 (GLOBE NEWSWIRE) -- Red River Bank is open and providing banking services in the majority of the state, excluding Lake Charles and Sulphur in Southwest Louisiana. As of 9am central time Friday, 3 banking centers and 3 ATMs in Central Louisiana are open; all banking centers and ATMs in Shreveport/Bossier City, Baton Rouge and Covington are open for banking services. Online and mobile banking are also available.

Information from the City of Alexandria suggests power to Central Louisiana, where the bank is headquartered, should be restored by the weekend. Power to the Southwest Louisiana community is unknown at this time.

Blake Chatelain, President and CEO of Red River Bank, said, “Hurricane Laura was a very impactful storm and it has been challenging to our communities. We’re fortunate none of our employees were harmed and none of our locations were damaged. Our bankers are reaching out to customers in order to provide assistance. We are full service in spite of the challenges and we are here for our customers and communities.”

For banking center updates, logon to redriverbank.net or on social media.

Red River Bank is the seventh largest Louisiana-based community bank and serves customers from its 25 banking centers in and surrounding Alexandria, Shreveport/Bossier, Baton Rouge, Lake Charles and Covington, Louisiana. Headquartered in Alexandria, LA and founded in 1999, the bank specializes in financial services and solutions for Louisiana consumers and small to mid-size businesses. Red River Bank is a subsidiary of Red River Bancshares, Inc., which trades under the trading symbol RRBI on the Nasdaq Global Select Market. Additional information can be found at redriverbank.net.

Media Contact: 
Evelyn Jones, Marketing Dir.
         
C: 318-664-1513  O: 318-561-5903

FAQ

Is Red River Bank open after Hurricane Laura?

Yes, Red River Bank is open and providing services in most areas of Louisiana.

What banking services are available at Red River Bank post-Hurricane Laura?

Banking centers, ATMs, online, and mobile banking services are available.

What is the current status of Red River Bank locations?

As of August 28, 2020, most locations, including 3 in Central Louisiana, are operational.

What is the stock symbol for Red River Bancshares?

The stock symbol for Red River Bancshares is RRBI.

How has Hurricane Laura impacted Red River Bank?

Hurricane Laura did not damage Red River Bank locations or harm employees, but it has created service challenges in some areas.