ArgentBank and Regions Bank announce branch transaction.THIBODAUX, La.--(BUSINESS WIRE)--Feb. 16, 1996--The Board of Directors of ArgentBank, Thibodaux, and Regions Bank of Louisiana CODE, OF LOUISIANA. In 1822, Peter Derbigny, Edward Livingston, and Moreau Lislet, were selected by the legislature to revise and amend the civil code, and to add to it such laws still in force as were not included therein. announce the execution of a Letter of Intent, whereby Regions Bank will acquire certain assets and assume the deposit liabilities of the Airline Branch of ArgentBank in Baton Rouge Baton Rouge (băt`ən r  zh) [Fr.,=red stick], city (1990 pop. 219,531), state capital and seat of East Baton Rouge parish, SE La. . ArgentBank will retain the loans associated with the Baton Rouge Branch. As of Jan. 31, 1996 the Airline Branch had $6.3 million in deposits. Regions Bank will operate a full service branch at the 10360 Airline Highway, Baton Rouge location and will offer full service banking to the depositors of the Airline Branch of ArgentBank. This location will be known as the Airline Branch of Regions Bank. With the addition of this new branch, Regions Bank will be providing banking services to their new depositors as well as assuring that their current customers have the added benefit of yet another full service banking location. In addition, Regions Bank plans to open a new office located at 2121 O'Neal Lane. After completion of the Argent ar·gent n. 1. Heraldry The metal silver, represented by the color white. 2. Archaic Silver or something resembling it. transaction and the O'Neal Lane Branch, Regions will have 14 locations serving the Greater Baton Rouge Area. ArgentBank will open a new Loan Production Office at 8034 Jefferson Highway
The Jefferson Highway in Baton Rouge and will be continuing to service their loan customers from that new location. Daniel R. Brown, III will continue to manage all existing and future loans from the new Loan Production Office. Headquartered in Thibodaux, since 1910, ArgentBank is traded on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. (symbol ARGT ARGT annual ryegrass toxicity. ). The $560 million locally owned and managed bank has offices in New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded , Houma, Napoleonville and Pierre Part, as well as throughout Lafourche Parish. Two new branches are scheduled to open mid year in Houma. In addition, ArgentBank has a Loan Production Office in Mandeville. Regions Bank of Louisiana is a subsidiary of Regions Financial Corporation, a $13.7 billion multi-bank holding company providing bank services and bank-related services in the fields of mortgage banking, credit related insurance and securities brokerage. Regions Bank of Louisiana reported total assets of $2.1 billion at Dec. 31, 1995, and operated 41 full-service banking offices in Louisiana. CONTACT: ArgentBank, Thibodaux Randall E. Howard, 504/447-0550 or Regions Bank of Louisiana, Baton Rouge C. C. Dabadie, 504/767-9300 |
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