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re: BancorpSouth and Cadence merger
Posted on 5/3/21 at 12:34 pm to ronnie mo
Posted on 5/3/21 at 12:34 pm to ronnie mo
quote:
Do you think they'll be closing branches here?
The LA banking sector is tiny now. I couldn't even tell you who is the biggest bank based in the state now that Iberia and even Mid South have been bought out, maybe B1 or Home? MS by comparison has four banks with over 150 branches in its footprint HQ'd there.
Yes I do see them closing more branches in Louisiana over the next 36 months. Louisiana needs to fix its draconian banking laws to allow more national banks to come in because it has hampered the growth of the state by forcing them to buy existing banks instead of letting companies come in to open up branches.
1
Posted on 5/3/21 at 12:44 pm to MrLSU
Do you see any of the banks here still as a target for acquisition? Even if just by bigger regional banks as opposed to national names.
Its weird, so many of the big banking players in this country have next to no presence in Louisiana AFAIK. BoA, Wells Fargo, US Bank, PNC, Fifth Third etc. Only really Chase have a footprint here.
Its weird, so many of the big banking players in this country have next to no presence in Louisiana AFAIK. BoA, Wells Fargo, US Bank, PNC, Fifth Third etc. Only really Chase have a footprint here.
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