New Orleans-based Liberty Bank announced today it plans to acquire United Bank and Trust, which has four locations in Louisiana. The deal has been approved by United shareholders, but still needs regulatory permission. United, which has $25.5 million in assets, has locations in New Orleans, Algiers, Harahan and Opelousas. Liberty, which has three branches in Baton Rouge, is the third-largest black-owned bank in America. The bank, which has 17 branches in five states, has $374 million in assets.
Liberty Bank acquires United Bank
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