Posted: May 11, 2012 9:00 AM by AP
BATON ROUGE, La. (AP) - An Avoyelles Parish-based bank plans to open a branch in Baton Rouge.
The Advocate reports The Cottonport Bank broke ground on Monday to build its 12th branch, its third in the Baton Rouge metro region. Cottonport Bank operates branches in Brusly and New Roads.
A.J. Roy III, president and CEO, said the bank already had $17 million in loans in East Baton Rouge Parish and $6 million in deposits at other branches from customers in the greater Baton Rouge area.
The Cottonport Bank was founded in 1902. The bank opened its New Roads branch in 1998, while the Brusly branch was opened in 2005.
Bank officials say the Baton Rouge location will be staffed by employees already part of the Brusly branch.