|For immediate release||
Alexandria, LA (April 1, 2013) - Red River Bancshares, Inc., having received all necessary shareholder and regulatory approval, has acquired Baton Rouge based Fidelity Bancorp, Inc., the holding company of Fidelity Bank of Baton Rouge. As a result of the merger, Red River Bank is the 7th largest community bank in Louisiana with approximately $1.3 billion in assets. With this acquisition, Red River Bank has a network of 20 banking centers and 26 ATMs in 6 parishes, spanning from Shreveport to Baton Rouge.
Red River Bank President and CEO, Blake Chatelain said "the merger of Red River Bank and Fidelity Bank creates a partnership, that will not only expand the branch network throughout the state, but will combine financial resources, knowledge and expertise to help all Red River Bank and Fidelity Bank customers. We’re looking forward to continued growth and investment in the markets we serve."
Red River Bank operations in the greater Baton Rouge area will be under the leadership of Joanie Netterville, who will serve as the Baton Rouge Market President of Red River Bank. Ms. Netterville reports, "The Fidelity Bank shareholders and employees look forward to this new partnership and continuing to serve the financial needs of the Baton Rouge community. We’re excited to be part of Red River Bank, a bank that is strong, stable and successful, and a prudent leader over the last 14 years."
Red River Bank is a full service community bank headquartered in Alexandria, LA. Red River Bank was chartered in 1998 in Rapides Parish and began operating its first banking center in Alexandria in 1999 under the holding company, Red River Bancshares, Inc. Red River Bank expanded into the Shreveport/Bossier City area in 2006, and operates 6 banking centers there and 9 banking centers in Central Louisiana. Red River Bank offers consumer and commercial banking services and products, mortgage lending services, and investment services.
For more information logon to www.redriverbank.net
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