GS Financial Corp. says its shareholders have approved overwhelmingly the banking company’s $26.2 million deal to be acquired by Home Bancorp Inc. Lafayette-based Home Bancorp will get GS Financial’s five offices in the New Orleans area, along with a loan production office. Metairie-based GS Financial operates under the Guaranty Savings Bank logo. Currently, Home Bancorp has 18 Louisiana banking offices in Lafayette, Baton Rouge and the parishes north of Lake Pontchartrain. Home Bancorp says the combined bank will have total assets of about $950 million, $625 million in loans and $750 million in deposits. The purchase is set to close during the current quarter.
GS Financial approves $26.2 million Home Bank buyout
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
