Banking & Finance

b1Bank expanding into Houston with Texas Citizens Bank acquisition

The transaction will not only extend the b1BANKS’ reach along the industry-heavy Interstate 10 corridor, but will also grow its assets to some $4.9 billion.

Why banks still see brick-and-mortar locations as vital

Technology has not eliminated the need for brick-and-mortar banking but it is changing how physical locations fit into the business models of banks and credit unions, financial professionals say.

If using old maps, how accurate is FEMA’s new flood insurance rating system?

Some places in Louisiana have 20-year-old flood insurance rate maps that no longer reflect reality, a certified floodplain manager with the Baton Rouge-based Center for Planning Excellence says.

Alford: Sales tax amendment suddenly faces hurdles

After several months of feuding with lawmakers over funding for various projects and her administration’s COVID-19 restrictions, New Orleans Mayor LaToya Cantrell has come out against the legislative leadership's crown jewel on the fall ballot—Constitutional Amendment No. 1 to centralize sales tax collections. 

K-12 schools spent $850M on retirement costs last year

Schools that participate in one of two state retirement systems spent $852.8 million in fiscal year 2020 to pay down retirement debt, the Louisiana Legislative Auditor reports.

Are disaster losses tax deductible? Depends on Congress

If you had property damage from Hurricane Ida, flooding or the winter storm earlier this year, will the losses be tax deductible? 
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Pelicans perks aside, quality jobs program has poor ROI

The Louisiana Legislative Auditor’s most recent analysis, which painted a lackluster picture of the state’s Quality Jobs incentive program, specifically excluded the New Orleans Pelicans from the study because, the auditors said, the extremely large salaries being reported by the team would have likely skewed the results.

Woman’s Hospital VP Stephanie Anderson is retiring

Stephanie Anderson, Woman’s Hospital’s executive vice president and chief administrative officer, announced today that she will retire later this year.

Six companies vying for latest $21B state Medicaid deal

The Louisiana Department of Health is evaluating proposals from six health care providers that submitted proposals in September to provide Medicaid services to nearly 1.7 million people in Louisiana.

Goss Advisors building new office on Jefferson

Goss Advisors, a financial consulting firm with offices in Baton Rouge and New Orleans, is moving its Baton Rouge office to a new building along Jefferson Highway.