After announcing its buyout this week of cross-town bank United Bank and Trust Co., Alden McDonald Jr., president of New Orleans-based Liberty Bank & Trust Co., (No. 8 on the 2008 B.E. Banks list), is prepared to buy more black-owned... (Continue reading)
By Three years ago, Liberty Bank and Trust Co. (No. 8 on the be banks list with $299.3 million in assets) was nearly wiped out by Hurricane Katrina. Offices were flooded, ATMs vandalized, and customers had scattered to the... (Continue reading)
Three years ago, Liberty Bank and Trust Co. (No. 8 on the BE BANKS list with $299.3 million in assets) was nearly wiped out by Hurricane Katrina. Offices were flooded, ATMs vandalized, and customers had scattered to the four winds.... (Continue reading)
The quick answer to the question of whether black businesses in New Orleans are bouncing back after Hurricane Katrina devastated the Gulf Coast just over a year ago is an unequivocal no. The estimated 8,000 black-owned businesses that existed in... (Continue reading)
In mid-September the Big Easy began to show the faintest signs of life. Floodwaters that covered about 80% of the city were starting to recede, revealing rubble-strewn streets, wind-crushed buildings, and horrific visions of death. Against this backdrop, Alden... (Continue reading)