BAYOU TECHE EXPANDS OPERATIONS:
Nations Loan Services and Citizens Bank recently celebrated the new expansion of Bayou Teche, a Louisiana brewery. The new expansion will triple the beer production of the plant. A community bank along with the USDA B&I financed the expansion of the beer plant. Nations Loan was instrumental is securing financing.
US NEWS & WORLD REPORT, August 4, 2017
KUALA LUMPUR (Reuters) – A U.S. seabed exploration firm has offered to take on the search for Malaysia Airlines Flight MH370, families of passengers and a Malaysian government minister said on Wednesday, in a bid to solve one of the world’s greatest aviation mysteries.
The Boeing 777 disappeared in 2014 en route to Beijing from the Malaysian capital of Kuala Lumpur with 239 people aboard. Analysis of radar and satellite contacts suggested someone on board may have deliberately switched off the plane’s transponder before diverting it thousands of kilometers out over the Indian Ocean.
Australia, Malaysia and China called off a A$200 million ($159.16 million), two-year search for the plane in January, amid protests from families of those onboard.Continue Reading…
COMPANY BUILDS & MOVES HEADQUARTERS
TO MANDEVILLE, LA $20,000,000 PROJECT
Mandeville, LA- John Brocato, president of Nations Loan Services, a Business & Banking Consulting Company has announced it has secured and arranged a $15,000,000 USDA B&I loan. The Louisiana Organ Procurement Agency (LOPA) is the sole organization designated by the federal government to manage all organ and tissue donation activities for the state of Louisiana, this also includes maintaining the Donor Registry. LOPA is a non-profit, 501c3 organization that is currently headquartered in Metairie, Louisiana.Continue Reading
Feds Close First NBC Banks…
First NBC Bank had officially failed. All branches have been closed, the Federal Deposit Insurance Corp. will take over certificates of deposit (CDs) and individual retirement accounts (IRAs). The FDIC will send checks, including interest, directly to those account holders. On Friday, April 28, 2017, First NBC Bank, New Orleans, LA was closed by the Louisiana Office of Financial Institutions. Subsequently, the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed…Continue Reading