New Orleans metropolitan area

Business First Bancshares, Inc., Announces Financial Results for Fiscal Year 2023 and Q4 2023

Retrieved on: 
Tuesday, January 23, 2024

The repositioning resulted in a loss of $2.5 million with an estimated earn back of 1.1 years as of December 31, 2023.

Key Points: 
  • The repositioning resulted in a loss of $2.5 million with an estimated earn back of 1.1 years as of December 31, 2023.
  • For the quarter ended December 31, 2023, net interest income totaled $53.8 million, compared to $55.3 million from the linked quarter.
  • During the quarter ended December 31, 2023, Business First recorded a provision for credit losses of $119,000, compared to $604,000 for the linked quarter.
  • For the quarter ended December 31, 2023, other expenses increased by $1.1 million or 2.87%, compared to the linked quarter.

Entergy delivers nearly $500M in economic impact for greater New Orleans region

Retrieved on: 
Thursday, January 4, 2024

NEW ORLEANS, Jan. 4, 2024 /PRNewswire/ -- The greater New Orleans region is enjoying nearly half of $1 billion dollars in economic benefits because the city is host to the corporate headquarters for Entergy, the city's only Fortune 500 company. According to a recent study by Louisiana State University economist Dr. Loren Scott, Entergy's total economic impact in New Orleans reached nearly $500 million in sales in the city in 2021.

Key Points: 
  • According to a recent study by Louisiana State University economist Dr. Loren Scott, Entergy's total economic impact in New Orleans reached nearly $500 million in sales in the city in 2021.
  • "Having Entergy's headquarters located here in New Orleans makes a huge impact on our city's economy, and on the state of Louisiana," said Deanna Rodriguez, president and CEO of Entergy New Orleans.
  • Entergy is a true corporate leader who exemplifies the spirit of innovation, resilience, and generosity that makes Greater New Orleans uniquely great."
  • Last fall, Entergy was recognized for the 16th consecutive year as a top utility driving economic development in the region.

Southeastern Grocers harvests hope this Thanksgiving by donating more than 7,000 turkeys

Retrieved on: 
Wednesday, November 15, 2023

Raymond Rhee, Chief People Officer of Southeastern Grocers, said, “We believe in the spirit of giving and the transformative power of gratitude.

Key Points: 
  • Raymond Rhee, Chief People Officer of Southeastern Grocers, said, “We believe in the spirit of giving and the transformative power of gratitude.
  • This is the season to give thanks, and we are honored to share the abundance of the season by distributing turkeys and Thanksgiving meal essentials to families in need.
  • In appreciation of the grocer’s associates, all Fresco y Más, Harveys Supermarket and Winn-Dixie stores will be closed on Thanksgiving Day to give associates a well-deserved day of rest with family and friends.
  • All stores will close as normal Wednesday, Nov. 22 and reopen for regular business hours Friday, Nov. 24.

Humana Foundation Invests in Innovative Mental Health and Nutrition Programming for Seniors and School-Aged Children

Retrieved on: 
Tuesday, November 14, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231114855738/en/
    Humana Foundation Invests in Innovative Mental Health and Nutrition Programming for Seniors and School-Aged Children (Photo: Business Wire)
    The investment totaling $12.9 million includes a $4.9 million grant to Big Brothers Big Sisters of America (BBBS) to initiate and elevate mental health programs at chapters in the four geographies, including mental health first aid training for mentors and related coursework for youth.
  • “Today, there’s a critical need to provide young people with mental health supports.
  • The Foundation previously invested $3 million in 2020 to help older adults access digital health tools and maintain social connections online.
  • “The Humana Foundation is dedicated to building partnerships that help drive change and advance health equity,” said Tiffany Benjamin, CEO of the Humana Foundation.

POSIGEN HOSTS TREASURY SECRETARY JANET YELLEN AT ITS NEW ORLEANS AREA HEADQUARTERS

Retrieved on: 
Tuesday, July 11, 2023

NEW ORLEANS, July 11, 2023 /PRNewswire/ -- PosiGen, the nation's leading provider of renewable energy and energy efficiency solutions for low- to moderate-income homeowners, recently welcomed Department of the Treasury Secretary Janet Yellen to its corporate headquarters in St. Rose, located just outside of New Orleans.

Key Points: 
  • NEW ORLEANS, July 11, 2023 /PRNewswire/ -- PosiGen, the nation's leading provider of renewable energy and energy efficiency solutions for low- to moderate-income homeowners, recently welcomed Department of the Treasury Secretary Janet Yellen to its corporate headquarters in St. Rose, located just outside of New Orleans.
  • The Secretary's visit focused on the Inflation Reduction Act and its transformative potential impacts on the markets PosiGen serves, including low- to moderate-income communities in the New Orleans Metropolitan area.
  • Since its founding in 2011, PosiGen has helped these underserved communities pursue energy independence through rooftop solar and energy efficiency upgrades.
  • PosiGen's Executive Chairman Tom Neyhart remarked, "We were honored to host Secretary Yellen and to show her what makes PosiGen special.

POOLCORP PARTNERS WITH YMCAS TO PROVIDE CRITICAL LIFE-SAVING SWIMMING SKILLS TO UNDERSERVED COMMUNITIES

Retrieved on: 
Wednesday, May 24, 2023

COVINGTON, La., May 24, 2023 /PRNewswire/ -- As May marks the 20th Annual National Water Safety Month and the start of summer swimming season with the upcoming Memorial Day weekend, POOLCORP is once again teaming up with YMCAs across the country to help children learn life-saving swimming skills.

Key Points: 
  • The world's largest wholesale distributor of swimming pool and outdoor living products has donated over $3M to local YMCAs.
  • Research shows that 79% of children in households with an income less than $50,000 have few-to-no swimming skills.
  • In addition, just over a third of U.S. parents say they cannot afford swimming lessons for their children.
  • This year, POOLCORP announced new partnerships with community YMCAs in California, Texas, South Carolina, Ohio, and Massachusetts.

Michael Hecht, Krist Novoselic, and James Robinson Elected to Forward Party Board to Deliver a New Kind of Politics for America

Retrieved on: 
Monday, May 22, 2023

WASHINGTON, May 22, 2023 /PRNewswire/ -- As its reach grows and its state-and-local strategy comes fully into focus, the Forward Party has expanded its Board of Directors with three high-profile members of the arts and business communities.

Key Points: 
  • Prior to GNO, Inc., Michael led Louisiana's Hurricane Katrina Small Business Recovery Program and worked for Mayor Bloomberg running NYC's post-9/11 small business program.
  • Krist Novoselic, an activist and musician known for his work co-founding Nirvana, has a history of disruption across the political and musical industries.
  • "Our new board members are incredibly accomplished individuals whose work I personally admire," said Andrew Yang, co-chair of the Forward Party.
  • The Forward Party is bringing Democrats, Republicans, and Independents together to build a new kind of political party that represents the interests of the majority of Americans who reject extremism and division.

Business First Bancshares, Inc., Announces Financial Results for Q1 2023

Retrieved on: 
Thursday, April 27, 2023

AOCI has improved $16.7 million from its low of $(84.7) million at September 30, 2022, to $(68.0) million as of March 31, 2023.

Key Points: 
  • AOCI has improved $16.7 million from its low of $(84.7) million at September 30, 2022, to $(68.0) million as of March 31, 2023.
  • Other corporate deposits (comprised of financial institution group (FIG), brokered, and listed certificates of deposits) decreased $16.6 million from the linked quarter.
  • As of March 31, 2023, Business First had approximately $1.8 billion of primary and secondary liquidity.
  • During the quarter ended March 31, 2023, Business First recorded a provision for credit losses of $3.2 million, compared to $3.1 million for the linked quarter.

New Orleans Jazz & Heritage Festival Earns Gold Certification for Commitment to Sustainability and Community Impact

Retrieved on: 
Friday, April 21, 2023

NEW ORLEANS, April 21, 2023 /PRNewswire/ -- The New Orleans Jazz & Heritage Festival ("Jazz Fest") presented by Shell, one of North America's leading cultural events, has been newly awarded Gold certification by the Council for Responsible Sport, earning the festival distinction for their outstanding approach to social, environmental, economic and community impact.

Key Points: 
  • The achievement of Gold certification from the independent Council For Responsible Sport ("Council") recognizes not only the commitment of Jazz Fest to a broad range of sustainability and impact goals, but also the work to embed these approaches into day to day activity and then track and measure performance consistently.
  • It also means that the Jazz Fest becomes the largest cultural festival to receive certification under the Council's framework.
  • "On behalf of everyone at Jazz Fest, we're honored to have the Festival receive Gold certification from the Council," said Quint Davis, Producer/Director of the event.
  • The initial 2 year certification of Jazz Fest took place in May 2022.

Albritton, Angelle, Bryant recognized at LSBA Young Lawyers Ceremony

Retrieved on: 
Saturday, April 15, 2023

BATON ROUGE, La., April 14, 2023 /PRNewswire-PRWeb/ -- McGlinchey Stafford congratulates three Louisiana attorneys on their recognition by the Louisiana State Bar Association (LSBA)'s Young Lawyers Division:

Key Points: 
  • McGlinchey Stafford congratulates three Louisiana attorneys on their recognition by the Louisiana State Bar Association (LSBA)'s Young Lawyers Division.
  • Member Camille Bryant (New Orleans) was a recipient of the Top 40 Award, given to the state's top young lawyers who have made exceptional contributions to the legal profession and their community.
  • Each year, the LSBA Young Lawyers Division solicits nominations for young lawyers and local affiliates (such as a local bar association's young lawyer section) for the awards listed below.
  • The Awards Committee, composed of YLD attorneys from every LSBA District, and the YLD Board select award winners.