OLOL seeks permits to add to buildings
Our Lady of the Lake Regional Medical Center has filed for building permits on the planned addition of an office tower and trauma center to its facility on Hennessey Boulevard and Essen Lane.
The hospital filed for permits for $103.5 million in work on a 10-story, 300,000-square-foot tower and the two-story trauma center, which would add 17,000 square feet to the existing 35,000 square feet.
The previously announced expansion is projected to have an economic impact of $460 million over the next three years, according to a hospital-commissioned study.
First Guaranty takes over bank company
First Guaranty Bancshares Inc., the parent company of First Guaranty Bank in Hammond, announced Tuesday that it completed its acquisition of Greensburg Bancshares Inc., the parent company of Bank of Greensburg.
“This combination of two strong, locally owned and independent banks will enhance our ability to serve the financial needs of businesses and individuals in our community while providing increased opportunities to foster economic expansion in our region,” First Guaranty CEO Alton Lewis said.
First Guaranty has 21 branch offices that serve Bossier, Caddo, Claiborne, Jefferson Davis, Lincoln, Livingston, St. Helena, Tangipahoa and Vermilion parishes.
Stewart Enterprises buys Calif. company
Funeral provider Stewart Enterprises Inc. has bought a funeral home and cemetery in Victorville, Calif.
A price for Desert View Funeral Home and Memorial Park was not disclosed Tuesday.
Stewart Chief Executive Tom Kitchen said the Jefferson company is pursuing an expansion strategy aimed at funeral homes with cemeteries and significant sales for both traditional funerals and cremations.
Stewart now has 218 funeral homes and 141 cemeteries.
ESP Resources lands Ark. oilfield contract
ESP Resources Inc., an oilfield services company based in Scott, has won a contract to supply two units that pump chemicals used in hydraulic fracturing at natural gas wells in Arkansas’ Fayetteville Shale.
The contract is worth about $300,000 a month, or $150,000 per unit, and will increase ESP’s total revenue by around 30 percent.
The units pump chemicals to treat the fracturing fluid used in wells in shale formations.
ESP sent one of the units out in June to work on 10 wells. The company expects both units will be working full-time starting this month.