Home Bancorp Inc. has completed its $26.4 million acquisition of GS Financial Corp., which gives the buyer an entry into the New Orleans banking market. Lafayette-based Home Bank says it plans to convert the five branches in and around New Orleans from the Guaranty Savings Bank brand in September. Home Bancorp also obtained a loan production office in the New Orleans area. Stephen Wessel, chief executive of Metairie-based GS Financial, has been named New Orleans market president for Home Bank. Home Bank paid $26.2 million for the deal, or $21 a share.
Home Bank closes on purchase of Guaranty Savings Bank
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