Alexandria, LA (February 5, 2007) - Red River Bank announced today that it intends to expand into Avoyelles parish by building a full service banking center in Marksville. Plans are underway to build a banking center this summer on Hwy 1 in Marksville.
"We're looking forward to be able to provide innovative financial products and outstanding customer service to the people of Avoyelles Parish in the near future," said Red River Bank President & CEO, Blake Chatelain. "Because of our existing customers in Avoyelles and surrounding parishes and the need for a full service banking center in the Marksville area, we saw an opportunity to be able to provide the convenience and community banking services our customers expect," Chatelain added.
"There are a significant number of people who live in Marksville and work in Alexandria and vice versa," said Chatelain. "We view this planned Banking Center in Marksville as a natural extension of our Central Louisiana community banking franchise," he added.
Ted Gauthier, formerly with Union Bank in Marksville, has been named Vice President and Banking Center Manager of Red River Bank's future Marksville Banking Center. "We're very pleased to be able to attract an individual of Ted's caliber to manage our new Banking Center. Ted has over 30 years of experience in banking in small communities, and shares the same values that we do about the importance of personal service and being there for your customers," said Chatelain.
With this addition in Marksville, Red River Bank will have a total of 10 Banking Centers located in Central and Northwest Louisiana. Two additional Banking Centers are under construction in Shreveport and another full-service Banking Center is under construction on Highway 28 West in Alexandria. The bank is also planning a new Banking Center in Bossier City on Airline Drive.
In addition to full service Banking Centers throughout the area, Red River Bank has the only Red River Express known as the "Red River Express," and 11 ATMs.
Red River Bank has over $500 million in total assets, $469 million in total deposits, and total equity capital of over $41 million.
Headquartered in Alexandria, Louisiana, Red River Bank is an independent community bank that is a wholly-owned subsidiary of Red River Bancshares, Inc., a privately-held bank holding company also based in Alexandria. Full service Banking Centers are located in Alexandria, Ball, Lecompte, Pineville, Forest Hill, and Shreveport.
The deposits of Red River Bank are insured to the maximum extent permitted by the Federal Deposit Insurance Corporation.
For more information logon to www.redriverbank.net or call (318) 561-5800
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