In February, Louisiana Community Bancorp announced that its five subsidiaries—City Savings Bank, Coastal Commerce Bank, Kaplan State Bank, Teche Bank & Trust and Tri-Parish Bank—have merged to become Pedestal Bank. The newly named Pedestal Bank will remain under the same ownership with the same local management teams and boards of directors.
According to a statement issued by the company, “combining our five banks together into one means more resources, more streamlined operations and more opportunity as we expand our branch footprint to 25 locations.”
With approximately $1.2 billion in assets, Pedestal Bank becomes one of the 10 largest banks based in Louisiana, with 25 locations serving 11 parishes.
Published in Bankers Digest March 26, 2018