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Firehouse Subs to open second Lafayette location
Firehouse Subs will open in the former Regions Bank building near the Acadiana Mall.
Demolition permits filed by Lafayette’s federal government indicate that work to remove the canvas used by the bank could begin soon.
The 3,315-square-foot building was listed for sale and is still owned by Regions Bank. Online listings indicate the property has been sold.
Firehouse Subs has three locations in Acadiana, including one at 104 E. Kaliste Saloom Road, Suite 109. Others are in Carencro and New Iberia.
Carancro Donut Shop is closing its doors
Cajun Market Donut Co. has closed its Carencro location.
The owners announced on social media that it would be closed on Sunday for “unforeseen circumstances”.
The location was opened in October by franchisee Nick Wolfe in the former Goodwill Donation Center at 115 Derrick Drive in the Derrick Plaza Shopping Center.
“We would like to publicly thank our staff,” the post said. “They helped keep this place alive. It has been a pleasure serving the Karencro community.
Cajun Market Donut Co. has two locations in Lafayette and another in Breaux Bridge.
Catalyst Bank reported a net profit in the second quarter
Catalyst Bancorp, the parent company of Opelousas-based Catalyst Bank, reported an $18,000 profit in the second quarter following its rebranding.
The bank, formerly known as St. Landry Homestead Federal Savings Bank, received $208,000 in pretax funding in connection with the rebranding and $171,000 in Bank Enterprise Award funding from Community Development Financial Institutions.
Loans due to new residential loans and commercial and industrial loans were $133.6 million at June 30, up $1.6 million from March 31, and partially due to a decrease in commercial real estate loans.
Total deposits were $178.7 million on June 30, down 2% from March 31. Total deposits for the second quarter were $183.3 million, up 2% from the first quarter.
“We are very pleased to finalize our name change to Catalyst Bank,” said Joe Zanko, President and CEO. “Our name now reflects our mission: to be catalysts for economic growth in our communities. In the second half of the year, we will be laser focused on developing and deepening customer relationships.”
Home Bank’s revenue increased $8.5 million in the second quarter.
Lafayette-based Home Bancorp Inc., Home Bank’s parent company, reported net income of $8.5 million in the second quarter, up $4.1 million from the prior quarter.
Earnings per share rose 53 cents to $1.03.
The first and second quarters of the $66 million deal announced in December included integration costs related to the acquisition of Houston-based Tex Bank. Expenses include taxes of $1.3 million in the first quarter and $284,000 in taxes in the second.
Data conversion of Tex Bank systems was completed on schedule last month.
Pre-tax, pre-delivery and pre-payment protection program income totaled $10.8 million, up $2.6 million, or 32%, from the prior quarter. Total loans, excluding Check Protection Program loans, increased $77.4 million.
By June 30, loans were $2.2 billion, $66.7 million, or 3%, as of March 31, excluding payment protection program loans, with total organic loans outstanding of $77.4 million as of March 31. $10.7 million as of March 31.
Commercial and industrial construction and land loans were the main drivers of loan growth in the second quarter, bank officials said, mainly due to the addition of new borrowers in Acadiana.
“We are pleased to report strong earnings and credit growth, including our recent acquisition growth,” said President and CEO John Bordelon. “Total loans reported a 3% increase from last quarter. We are excited to see growth opportunities in Houston and all of our markets.”
Hamp closed a $5 million round of funding
Hamper, an app-based laundry and laundry service, closed a $5 million round two years ago.
Now in 35 markets across nine states, Lafayette business owner Laurel Hess is using the money to meet its goal of tripling its current footprint by the end of the year.
Hump ​​receives hundreds of new market inquiries every week. It has doubled its total number of customers since November and now has more than 10,000, Hess said.
Grant Gurtin of Gurtin Ventures, who invested in this round, said, “The Gurtin team is thrilled to continue to support Hamper in this round. As a member of Hamper myself, I am impressed by the quality of the customer experience. The high-quality product and analytics-driven approach to growth will allow the company to rapidly expand its footprint in the US.”
Hump ​​users can purchase an annual membership for $39 and place orders with local “laundresses,” who take the order and return the laundry clean and folded.
Hess said the company has more than tripled the size of its original team and will soon announce new membership options.
“It’s an exciting time to be in the laundry business,” Hess said. “It’s a chore that doesn’t stop at busy individuals, single parents and families.”
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