ALEXANDRIA, La. — Red River Bank, based in Alexandria, announced it bought Fidelity Bank, an indepedent bank based in Baton Rouge.
Fidelity has five branches in the Greater Baton Rouge area, 50 employees, and more than $100-million in assets.
Red River Bank is the seventh largest banking instituion headquarted in Louisiana according to SNL Financial, with 15 branches across Central Louisiana and in the Shreveport area.
Fidelity says it will take the Red River name when the merger is completed early next year, pending regulatory approvals.
All five branches of Fedelity Bank will remain open, and customers won't see any impact related to their accounts.