Louisiana
Merchants and Marine Bank expands into Louisiana
(Photo from Merchants and Marine Bank’s Facebook)
- The Mississippi Coast financial institution has acquired Mississippi River Bank in Belle Chase, expanding its footprint into Louisiana’s Plaquemines Parish and the West Bank.
Pascagoula-based Merchants and Marine Bank, better known as M and M Bank, announced on Thursday that the company had completed its acquisition of Mississippi River Bank out of Belle Chasse, Louisiana.
The acquisition, which was effective with the close of business on April 10, 2024, expands the M and M’s operations into the growing Plaquemines Parish and West Bank communities in Louisiana.
According to a statement from M and M Bank, Mississippi River Bank will continue to serve clients under its existing branding as “Mississippi River Bank, a Division of Merchants & Marine Bank.”
Local executives are also staying on board. Mississippi River Bank’s Mike Bush and Lisa Works will be the Divisional Chief Executive Officer and Mississippi River Bank Divisional President / Chief Operations Officer, respectively. All remaining members of the Mississippi River Bank team have also been retained, with some joining M and M’s bank services division, Community of Resources.
The acquisition results in consolidated assets of approximately $794 million, gross loans of approximately $449 million, and deposits of approximately $617 million (unaudited totals excluding merger-related adjustments). M and M Bank now has six unique companies operating in diversified niches throughout the Southeast.
POINTE COUPEE PARISH, La. (WAFB) – Representatives from the Louisiana Department of Insurance will host a pop-up event in Pointe Coupee Parish to provide storm-related assistance.
The event will take place between noon and 4 p.m. Tuesday, June 23, at the Pointe Coupee Parish Government offices on Main Street in New Roads.
Residents in Pointe Coupee Parish and surrounding areas will be able to get answers to questions about storm damage claims. Representatives from the Louisiana Department of Insurance will also help people with issues related to insurance and flooded homes or vehicles.
Anyone who can’t attend the pop-up event can reach out to their insurance agent or the Louisiana Department of Insurance by calling 800-259-5300.
Most Louisiana residents have flood insurance through the FEMA National Flood Insurance Program. However, many people may also have private flood insurance, state officials said. They added that flood insurance typically covers damage caused when water enters someone’s home from the ground up because of heavy rain, storm surge or flooding from a waterway.
The Louisiana Department of Insurance has put together a comprehensive document containing answers to questions that storm victims may have. Click here for more information.
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NEW ORLEANS (WVUE) – A driver died from a gunshot wound after a Louisiana State Police car chase in New Orleans Saturday evening (June 20), but troopers say they did not fire the gun.
Troop NOLA confirmed the car chase ended near Franklin Avenue and North Miro Street Saturday. Troopers said they found the driver shot and brought them to the hospital, where that person died.
The driver’s identity has not been released.
A Troop NOLA spokesperson said he could not confirm if anyone else was in the car, if anyone has been arrested, or if troopers found a gun.
A spokesperson said more details will be released as a state police force investigation continues.
Troop NOLA is a special investigation unit tasked with proactive policing, traffic enforcement and crime reduction.
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