Mergers & Acquisitions
By The Online Investor Staff, updated Fri., Feb. 3, 11:34 AM
| This Slide: #23 of 100 |
Slide #23. Home Federal Bancorp, Inc. of Louisiana — Northwest Bancshares Corporation
Acquirer:
Home Federal Bancorp, Inc. of Louisiana (NASDAQ:HFBL)
Acquiree:
Northwest Bancshares Corporation
Details:
Home Federal Bancorp, Inc. of Louisiana ("Home Federal") (Nasdaq: HFBL), the holding company of Home Federal Bank, announced the completion of the acquisition of Northwest Bancshares Corporation ("NWB") and its wholly-owned subsidiary, First National Bank of Benton ("FNBB"), effective as of February 1, 2023.
Home Federal Bancorp is a savings and loan holding company. Through its subsidiary, Home Federal Bank, Co. provides financial services to individuals, corporate entities, and other organizations through the origination of loans and the acceptance of deposits in the form of passbook savings, certificates of deposit, and demand deposit accounts. Co.'s primary market area for loans and deposits is in northwest Louisiana, particularly Caddo Parish and neighboring communities in Bossier Parish, which are located in the Shreveport-Bossier City combined statistical area. Co. accepts deposits principally from residents of Louisiana and particularly from Caddo and Bossier Parishes.
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