Red River Bancshares in Alexandria, La., is planning to open its first branch in New Orleans.
The $3.1 billion-asset company said in a press release that it leased and remodeled a downtown branch. The location, which received regulatory approval, will open in the third quarter.
Red River opened a branch in Lafayette, La., in January.
“We continued to execute our organic expansion plans as we invest for future growth opportunities and to take advantage of market opportunities,” Blake Chatelain, Red River’s president and CEO, said in the release.
Lafayette and New Orleans “are experiencing changes in the competitive banking landscape, and we are seeing an increasing number of new opportunities to expand our customer base and market share,” Chatelain added.