Red River Bank announces expansion to Covington
(Alexandria, April 22, 2019)—Red River Bank announced that it has expanded into the Covington market with the opening of a loan production office at 217 North Vermont Street. Red River Bank has also purchased an existing banking facility located at 70561 Highway 21 in Covington for future banking center expansion.
Mark Manda and Brad Schroeder have joined the Red River Bank team to manage and develop the Covington area. Manda serves as the Covington area president. He is a native of Baton Rouge, and attended college at Southeastern Louisiana University in Hammond, where he earned his undergraduate degree in marketing, and later an MBA. Manda has worked in banking for most of his career and spent the last 12 years as a commercial lender in the Covington market area. He lives in Mandeville and is very involved in the local business community. Schroeder will serve as a Commercial lender in the Covington area. He's a native of Folsom, Louisiana and is an active member of the community serving on multiple boards. Schroeder brings 10 years of banking experience as well as a wide variety of commercial and retail experience to the Red River Bank team.
“We are excited to have both Mark and Brad as part of the Red River Bank team. We look forward to them providing the high level of expertise in banking and customer service in the Covington market that Red River Bank is known for” says Blake Chatelain, Red River Bank President and CEO.
About Red River Bancshares, Inc.
River Bank is a Louisiana state-chartered bank established in 1999 that provides a fully integrated suite of banking products and services tailored to the needs of commercial and retail customers. Red River Bank operates from a network of 23 banking centers throughout the state and one loan production office in Covington, Louisiana. Banking centers are located in the following markets: Central Louisiana, which includes the Alexandria metropolitan statistical area (“MSA”); Northwest Louisiana, which includes the Shreveport-Bossier City MSA; Southeast Louisiana, which includes the Baton Rouge MSA; and Southwest Louisiana, which includes the Lake Charles MSA. As of December 31, 2018, Red River Bank was the fifth largest financial institution headquartered in Louisiana based on assets, with total assets of $1.86 billion.