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.
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When it comes to retiring, the best places to do so often are affordable, have a high quality of life and access to quality healthcare.
If you’re looking for a place to retire, Niche has identified the best places for retirees in Louisiana.
In its list, Niche has taken into account factors like weather, crime rates, housing costs and access to amenities.
The 5 best places to retire in Louisiana according to Niche
These are the top five best places to retire in Louisiana, according to Niche.
1. Oak Hills Place
Oak Hills Place is a suburb of Baton Rouge and is the overall best place to retire in Louisiana. This suburb, located in East Baton Rouge Parish, has a population of 9,038 and offers residents an urban suburban mix feel. The area is highly rated for families, diversity, as well as health and fitness. Here, the median home value is $437,900 and the median rent is $1,422, according to Niche.
2. Westminster
Westminster is another suburb of Baton Rouge and is the second-best place to retire in Louisiana. Located in East Baton Rouge Parish, this suburb has a population of 2,559 and offers residents an urban suburban mix feel. This area is highly rated for nightlife, diversity, families, health and fitness, as well as commute. The median home value here is $266,100 and the median rent is $1,482, says Niche.
3. River Ridge
River Ridge is a suburb of New Orleans, located in Jefferson Parish, and is the third-best place to retire in Louisiana. This suburb has a population of 13,312 and offers residents a dense suburban feel. The area is highly rated for public schools, family, nightlife and diversity. The median home value is $357,400 and the median rent is $1,127, according to Niche.
4. Westlake
Westlake is a town in Calcasieu Parish that is among the best places to retire in Louisiana. With a population of 4,743, this town offers residents a rural feel. The town is highly rated for public schools, housing, families, jobs, cost of living, nightlife and weather. Here, the median home value is $166,100 and the median rent is $1,049, says Niche.
5. Prien
Prien is another town in Calcasieu Parish that is among the best places to retire in Louisiana. This town has a population of 7,119 and offers residents a suburban rural mix feel. The town is highly rated for public schools, housing, families, nightlife and weather. The median home value here is $278,000 and the median rent is $1,292, according to Niche.
Presley Bo Tyler is the Louisiana Deep South Connect Team reporter for USA Today Network. Find her on X @PresleyTyler02 and email at PTyler@Gannett.com
A motorcyclist is recovering after a West Monroe crash involving an 18-wheeler, while Chevron won a Louisiana Supreme Court ruling shifting a major coastal lawsuit back to lower courts. Ouachita deputies arrested a suspect and recovered more than a dozen guns, Mississippi passed a new school social-media safety requirement, and Louisiana’s House advanced a unanimous state budget. A new recovery center opened, and multiple weekend events are underway across northeast Louisiana, plus national updates include stock-market stress guidance, a Ford F-150 recall, Spirit Airlines uncertainty, and tax-refund tips.
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