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Story Archives: Community banks report growth in 2009


Community banks report growth in 2009
by Scott Rogers - posted Thursday, November 19th, 2009 @ 6:00 pmE-mail Story E-mail Story | Print Story Print Story 
Community banks in northeastern Louisiana have fared better than expected during the recession of 2009 with several reporting major growth in total assets.

Ouachita Independent Bank has grown more than $50 million in total assets during 2009 in spite of the economic downturn. When 2009 comes to a close OIB is expected to have $450 million in total assets.

"This is going to be the best growth year we've had in total dollars," said Clyde White, OIB's chairman and CEO. "We've actually had a better year this year than we ever dreamed it would be."

For the full report, see Page 3A of this week's Citizen.

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