Banking & Finance

A perfect match

Timing is everything and a private equity firm came calling just as COVID-19 prompted Mike Hackley to consider selling his successful BBQGuys business.

Tax credit denials, cost overruns delay Wampold’s plans for Chase South Tower

Mike Wampold’s plans for redeveloping the Chase South Tower into a mixed-use high-rise is...

Cook: Coursey Boulevard parcel fetches $330K

Gulf Coast bank sold the Coursey Boulevard property, near The Chimes East, to Kumar LLC, a Hammond-based investment corporation.

Graves, Richmond pressure SEC chair to do more for Stanford Group victims

U.S. Reps. Garret Graves, R-Baton Rouge, and Cedric Richmond, D-New Orleans, are the latest members of the Louisiana congressional delegation to push for efforts to help victims of the Stanford Group Ponzi scheme recoup some of the more than $7 billion they lost more than a decade ago.

Dallas PE firm acquires majority stake in General Informatics, plans to grow company 

Dallas-based Rosewood Private Investments has acquired a majority stake in General Informatics, the local...

US home sales drop unexpectedly in September 

Sales of new U.S.  single-family homes unexpectedly fell in September after four months of...
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Los Angeles-based investment group buys Nicholson Drive apartments for $46M

Los Angeles-based JRK Property Holdings, a real estate investment group, has bought the Indigo Park by Cortland apartment complex on Nicholson Drive for $46.4 million. 

Community banks juggling loan flow against higher risk

Baton Rouge community banks are trying to keep capital flowing while mitigating increased risk in the uncertain economy created by the pandemic.

Walk-On’s investment from PE firm will accelerate franchise growth

Walk-On’s Sports Bistreaux has received a significant investment from private equity firm 10 Point Capital, which will enable the Baton Rouge-based restaurant chain to accelerate its already rapid growth.

PPP forgiveness rule update good news for local banks, small businesses 

The local banking community is applauding today’s announcement by the U.S. Small Business Administration that it is simplifying the loan forgiveness application for Paycheck Protection Program loans of $50,000 or less.