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Announced

MC Bancshares terminated the acquisition of Heritage NOLA Bancorp.

Synopsis

MC Bancshares, the holding company for M C Bank & Trust Company, a Louisiana-chartered bank, terminated the acquisition of Heritage NOLA Bancorp, the holding company of Heritage Bank of St. Tammany, a federally chartered savings bank. Financial terms were not disclosed. "While it is unfortunate that we could not finalize this deal, M C Bank remains a very strong and well-capitalized community bank. We will continue to focus on our human-centric approach to banking and on strengthening the communities we serve, while staying ready for new partnership opportunities," Chris LeBato, M C Bank President and CEO.

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