STOCK TITAN

Red River Bank Opens First New Orleans, Louisiana, Banking Center

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Red River Bank has opened its first full-service banking center in New Orleans at 700 Baronne Street, marking its 28th location in Louisiana. This center complements the previously established loan and deposit production office in the Energy Centre, opened in December 2021. The Bank aims to provide customer-focused services in the evolving New Orleans banking landscape. President and CEO Blake Chatelain emphasized local credit decisions and quick customer service. A grand opening event is planned later this year.

Positive
  • Expansion into New Orleans marks growth in a key market.
  • Opening of the full-service banking center enhances customer accessibility.
  • Local credit decisions improve service speed and customer satisfaction.
Negative
  • None.

ALEXANDRIA, La., Aug. 01, 2022 (GLOBE NEWSWIRE) -- Red River Bank (“the Bank”) opened its newest banking center today at 700 Baronne Street, New Orleans, Louisiana. This is Red River Bank’s first full-service banking center in the New Orleans market and its 28th banking center in Louisiana.

Red River Bank also operates a combined loan and deposit production office (LDPO) in the Energy Centre on Poydras Street in New Orleans, which opened in December 2021. Also, in March 2022, the Bank announced the purchase of property on Veterans Memorial Boulevard in nearby Metairie, Louisiana, for a future location of the Bank.

“We have witnessed the New Orleans banking landscape change dramatically over the past couple of years,” said Red River Bank President and CEO Blake Chatelain. “At the same time, we have recognized an opportunity to extend our customer-focused, community-banking experience to that market with our LDPO and, now, a full-service banking center.”

Red River Bank New Orleans Market President Meghan Donelon has led efforts to develop the Bank’s presence throughout New Orleans since joining the Bank in September 2021. “What sets Red River Bank apart is our genuine desire to listen to customers’ needs and react to those needs quickly,” stated Donelon. “Credit decisions are made locally, and support is provided by our experienced team of individuals. Day-to-day customer service is easily accessible, and we take pride in helping our customers and the communities we serve. Louisiana is the focus of our bank, and we are thrilled to offer New Orleans its first full-service Red River Bank banking center.”

Donelon, along with Banking Center Manager Vicki Pouey, plan to host a grand opening of the Baronne Street banking center later this year.

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 28 banking centers throughout Louisiana and one combined loan and deposit production office in New Orleans, Louisiana. Banking centers are located in the following Louisiana markets: Central, which includes the Alexandria metropolitan statistical area ("MSA"); Northwest, which includes the Shreveport-Bossier City MSA; Capital, which includes the Baton Rouge MSA; Southwest, which includes the Lake Charles MSA; the Northshore, which includes Covington; Acadiana, which includes the Lafayette MSA; and New Orleans, which includes the New Orleans MSA. 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.


FAQ

What is the significance of Red River Bank opening its first full-service banking center in New Orleans?

This opening signifies Red River Bank's commitment to growth in the New Orleans market and enhances its service offerings in the region.

When did Red River Bank's full-service banking center in New Orleans open?

The full-service banking center officially opened on August 1, 2022.

What is the stock symbol for Red River Bancshares, Inc.?

The stock symbol for Red River Bancshares, Inc. is RRBI, which trades on the Nasdaq Global Select Market.

How many banking centers does Red River Bank operate in Louisiana?

Red River Bank operates a total of 28 banking centers throughout Louisiana.

Where is the new banking center of Red River Bank located?

The new banking center is located at 700 Baronne Street, New Orleans, Louisiana.

Red River Bancshares, Inc.

NASDAQ:RRBI

RRBI Rankings

RRBI Latest News

RRBI Stock Data

398.16M
4.61M
31.09%
23.92%
0.33%
Banks - Regional
State Commercial Banks
Link
United States of America
ALEXANDRIA