Announced
Financials
Tags
community bank
financial services
United States
Acquisition
Merger
Domestic
Private
Single Bidder
savings bank
Majority
Pending
Friendly
Banks
Synopsis
MC Bancshares, the holding company for M C Bank & Trust Company, a Louisiana-chartered bank, agreed to acquire Heritage NOLA Bancorp, the holding company of Heritage Bank of St. Tammany, a federally chartered savings bank. Financial terms were not disclosed. "We are pleased to announce that we are partnering with Heritage Bank to expand our presence in St. Tammany Parish. As local Louisiana banks, we share similar core values and a relationship-centric approach to serving the communities that we are fortunate to be a part of. This transaction is a very natural and contiguous expansion of our current footprint," Chris LeBato, MC Bancshares and M C Bank CEO.
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