The parent company of Lafayette-based Home Bank has completed its previously announced $96.1 million deal for St. Martinville-based St. Martin Bank & Trust Co.
"By bringing our two companies together, we become the third-largest bank headquartered in Louisiana," Home Bancorp President and Chief Executive Officer John W. Bordelon said. "This gives us an even greater capacity to continue investing in our customers and our combined company."
The addition of St. Martin Bank gives Home Bancorp $2.2 billion in assets, $1.7 billion in loans and $1.8 billion in deposits. The combined bank will conduct business as "Home Bank" after completing the systems integration scheduled for March 2018. Under the deal, two former directors of St. Martin, Daniel G. Guidry and Mark M. "Aubrey" Cole, were elected to the boards of Home Bancorp and Home Bank.