First National Bank USA Boutte Louisiana


 

here is the new CEO

Sober

he can’t be worse than Brand Dufrene

 

 

 

 

 

First National Bank USA, Boutte Louisiana was founded in 1975.  They are on the problem bank list.  That might explain the 94% Texas ratio.

Assets are $154MM with equity of $15MM.

The problem loan portfolio is $28MM!

Hold on, the problem loan portfolio is twice the size as the equity position?

This place is history.

Why aren’t they shut down?

Check out the website.  Look at the Presidents message from Brandt Dufrene.

That is comforting, contrasted with the problem loan portfolio.

Do you have money in this bankrupt entity?

They should change their motto to “here today gone tomorrow”.

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