A Wall Street Journal report found that four Louisiana banks are in line to get $435 million from the U.S. Treasury as part of the government investment plan. Whitney National Bank of New Orleans has received the biggest share of the TARP funds, with $301 million. Lafayette-based IberiaBank has collected $90 million, Community Trust Financial Corporation of Ruston got $24 million and MidSouth Bank of Lafayette received a $20 million investment. The Louisiana total could grow. Liberty Bank of New Orleans announced last week it is seeking an undisclosed amount of TARP funds. See a state-by-state breakdown of where the bailout cash went here.
Louisiana banks receive $435 million in TARP funds
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