Banking & Finance

Citiscape at Essen Apartments sells to Texas group for nearly $48M

Irving, Texas-based The Medve Group has bought the 299-unit Citiscape at Essen Apartments community on Mancuso Lane, across the street from the Piccadilly on Essen Lane. 

Wave of attempted fraud strikes states’ unemployment programs 

A wave of attempted fraud is hitting state unemployment benefits programs after they struggled...

Runnels property changes hands; records show debts totaling nearly $6.5M

Roughly six months after the school closed, the Runnels School campus has changed hands, according to sales documents. 

State lawmakers divvy up remaining CARES Act money

Prior to news of the latest COVID-19 relief package from Congress, Louisiana lawmakers on...

Louisiana retirement system, Cox may have been targets of Russian hack

The Louisiana State Employees’ Retirement System and Cox Communications are suspected victims in the...

For banks, new year brings another wave of PPP and many questions

Heading into 2021, Baton Rouge banks are preparing for a new presidential administration and Congress, another round of Paycheck Protection Program funding and a vaccine rollout that’s expected to wrap by the end of next year.
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Individual policyholders see significant health insurance rate increases

Health insurance premiums for individual policyholders in Louisiana will rise between 7% and 9% on average in 2021, according to Blue Cross and Blue Shield of Louisiana’s health care economist Michael Bertaut.

Deadline looms for federal coronavirus business loan programs 

Several federal loan programs established by the CARES Act in response to the economic...

Petroleum Service Corporation acquires assets from Fryoux Tankerman Service

Petroleum Service Corporation, the Baton Rouge-based portfolio company of Aurora Capital Partners, has acquired...

2020 was surprisingly good to smaller banks 

As 2020 draws to a close, small lenders are doing far better than expected...