Red River Bank purchases banking center location in South Louisiana

ALEXANDRIA, La., Nov. 02, 2020 (GLOBE NEWSWIRE) — Crimson River Financial institution has bought a former banking heart constructing positioned at 1911 West Pinhook Highway in Lafayette, Louisiana and plans to increase its banking operations within the Acadiana market. Crimson River Financial institution expects to open a full-service banking heart on the Pinhook location early in 2021, pending all regulatory approvals. This will probably be Crimson River Financial institution’s first banking heart location within the Acadiana market and its 26th banking heart in Louisiana. The financial institution at present has a mixed Mortgage and Deposit Manufacturing Workplace at 91 Settlers Hint Constructing four Suite C in Lafayette. Ben Smith is the Crimson River Financial institution Acadiana Market President.

“Increasing all through Louisiana is a part of our strategic plan, and establishing a full-service banking heart within the Acadiana market matches into our long-term plans. Ben Smith is main the hassle in creating Crimson River Financial institution’s presence in Acadiana and can also be dedicated to offering the non-public, personalized monetary options that Crimson River Financial institution is understood for,” mentioned Crimson River Financial institution President and Chief Govt Officer Blake Chatelain.

Smith will be reached at 337-541-8765 or at ben.smith@redriverbank.net.

About Crimson River Financial institution Crimson River Financial institution is thefifthlargest Louisiana-based neighborhood bankand serves prospects from its 25banking facilities in and surrounding Alexandria, Shreveport/BossierCity, Baton Rouge, Lake Charles and Covington, Louisiana, and one mixed mortgage and deposit manufacturing workplace in Lafayette, Louisiana. Headquartered in Alexandria, Louisiana and based in 1999, the financial institution focuses on monetary companies and options for Louisiana shoppers and small to mid-size companies. Crimson River Financial institution is a subsidiary of Crimson River Bancshares, Inc., which trades underneath the buying and selling image RRBI on the NasdaqGlobal Choose Market. Further data will be foundat.

Media Contact Evelyn Jones, Marketing Director ejones@redriverbank.net Cell-318-664-1513 Workplace-318-561-5903