STOCK TITAN

Notifications

Limited Time Offer! Get Platinum at the Gold price until January 31, 2026!

Sign up now and unlock all premium features at an incredible discount.

Read more on the Pricing page

Red River Bank purchases banking center building in Lake Charles, Louisiana

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

Red River Bank has expanded its operations by purchasing a banking center building at 1855 Country Club Road, Lake Charles. Following regulatory approvals, the bank plans to launch a full-service center in early 2021. This will mark Red River Bank’s third facility in the Lake Charles/Sulphur area and its 26th in Louisiana. Barry Brown, the Southwest Louisiana Market President, has spearheaded this expansion effort since 2017, reinforcing the bank's commitment to growth in the region.

Positive
  • Acquisition of a new banking center at 1855 Country Club Road enhances market presence.
  • Expansion to a third banking center in the Lake Charles/Sulphur area signals growth strategy.
  • This location will be Red River Bank's 26th banking center in Louisiana.
Negative
  • None.

Insights

Analyzing...

ALEXANDRIA, La., Dec. 17, 2020 (GLOBE NEWSWIRE) -- Red River Bank has purchased a banking center building located at 1855 Country Club Road in Lake Charles as it continues to expand its banking operations in the Southwest Louisiana market. After all necessary regulatory approvals, Red River Bank expects to open a full-service banking center at the Country Club Road location in early 2021. This will be Red River Bank’s third banking center in the Lake Charles/Sulphur area and its 26th banking center in Louisiana.

Barry Brown is the Red River Bank Southwest Louisiana Market President and has been leading the effort to develop Red River Bank’s presence in Lake Charles/Sulphur since 2017 when the bank opened for banking operations in the area. Brown can be reached at 337-656-6511 or at barry.brown@redriverbank.net.

About Red River Bank
Red River Bank is the fifth largest Louisi

Red River Bancshares

NASDAQ:RRBI

RRBI Rankings

RRBI Latest News

RRBI Latest SEC Filings

RRBI Stock Data

436.03M
4.88M
32.83%
26.67%
0.42%
Banks - Regional
State Commercial Banks
Link
United States
ALEXANDRIA