Wal-Mart moves forward in Gentilly with mixed support
For most of her life, Gretchen Bradford has been accustomed to shopping variety at the corner of Press Street and Chef Menteur Highway in Gentilly. “There was a Maison Blanche, Sears, shoe stores. They...
View ArticleLoan officers fall victim to bank mergers, soft real estate market
Mergers that continue to shake up the New Orleans banking industry could spell new opportunities for banks to grow market share via loan officers, but some industry insiders have a fairly bleak outlook...
View ArticleNew Orleans among worst at paying auto loans on time
While the area housing market has been generally sheltered from the collapse seen in other parts of the country, the region has more delinquent auto loan borrowers than other parts of the country.
View ArticleBusiness lending experts urge preparation, accuracy
Banking and business experts say there’s no fast track to obtaining loans despite the bullish economic sentiment. But with the proper preparation and paperwork, a business owner stands a much better...
View ArticleNational, local banks jockey for New Orleans deposits
Federal Deposit Insurance Corp. data released this month shows the amount of money held at New Orleans area banks rose slightly from midyear 2011 to June 30, 2012, suggesting that regional institutions...
View ArticleFirst NBC, IberiaBank gain NOLA market share as Whitney slips
Capital One continues to hold the dominant share of bank accounts and other deposits in the New Orleans metro market, though Louisiana’s largest banks are gradually edging up in the rankings.
View ArticleSBA loan volume decline shows shrinking needs
The amount of federally backed loans made to small businesses in Louisiana declined for the third straight year, although the total number of loans was on par with the year before.
View ArticleSBA loan fee waiver aims to stoke more start-up lending
The Small Business Administration has temporarily lifted fees for loans of $150,000 or less, a move that New Orleans lenders say will make it easier for small firms to tap into federally backed financing.
View ArticleBank lending up across the board in NOLA market
Local institutions as well as national and regional banks with a large local presence report increases in lending across the board in the first quarter compared with the same time period last year.
View ArticleNOLA banks move toward teller-less trend with ‘pods’
You might call it “Invasion of the Teller Snatchers,” except that banks are counting on it to bring more bodies into their branches.
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