Firehouse Subs to open second Lafayette location
A Firehouse Subs will open in the former Regional Bank building near Acadiana Mall.
Demolition permits filed with Lafayette Consolidated Government indicate that work may begin soon to remove the existing siding used by the bank.
The 3,315-square-foot building was listed for sale and remains owned by Regions Bank. Online listings indicate that the property has been sold.
Firehouse Subs has three locations in Acadiana, including one at 104 E. Kaliste Saloom Road, Suite 109. The others are in Carencro and New Iberia.
Carencro Donut Shop is closing its doors
Cajun Market Donut Co. has closed its Carencro location.
The owners announced on social media that they would be closing on Sunday “due to unforeseen circumstances.”
The location opened in October under franchisee Nick Wolfe in the Derek Plaza Shopping Center, 115 Derek Drive, in the former Goodwill donation center.
“We would also like to publicly thank our staff,” the post read. “They have helped to keep this country alive. It has been a great pleasure to serve the Carencro community.”
Cajun Market Donut Co. there are two locations in Lafayette and another in Breaux Bridge.
Catalyst Bank reports second quarter net profit
Catalyst Bancorp, the parent company for Opelousas-based Catalyst Bank, reported a profit of $18,000 in the second quarter, down from a loss of $131,000 in the first quarter, following its rebranding.
The bank, formerly known as the Federal Savings Bank of St.
Loans totaled $133.6 million as of June 30, up $1.6 million from March 31, due to new residential mortgage loans and commercial and industrial loans and partially offset by a decline in commercial real estate loans.
Total deposits were $178.7 million as of June 30, down 2% from March 31. Total average deposits were $183.3 million for the second quarter, up 2% from the first quarter.
“We are thrilled to have completed our rebranding to Catalyst Bank,” said President and CEO Joe Zanco. “Our name now reflects our mission: to be catalysts for economic growth in our communities. During the second half of the year, we will be laser-focused on developing and deepening customer relationships.”
Home Bank’s net income rose $8.5 million in the second quarter
Home Bancorp Inc. Lafayette-based Home Bank’s parent company generated $8.5 million in net income during the second quarter, up from $4.1 million in the prior quarter.
Earnings per share rose 53 cents from $1.03.
The first and second quarters included merger costs related to the acquisition of Houston-based Texan Bank, a $66 million deal announced in December. Expenses included taxes of $1.3 million in the first quarter and $284,000 in the second.
The data conversion of Texan Bank’s systems was completed on schedule last month.
Protection Program income before tax, pre-insurance and prepaids totaled $10.8 million, up $2.6 million, or 32%, from the prior quarter. Excluding Paycheck Protection Program loans, total loans increased $77.4 million.
Loans totaled $2.2 billion as of June 30, up $66.7 million, or 3%, from March 31. Excluding Paycheck Protection Program loans, total organic loans increased $77.4 million from March 31. Paycheck Protection Program loans totaled $12.1 million as of June 30, down from $10.7 million from March 31.
Commercial and industrial construction and land loans were the main drivers of loan growth during the second quarter, bank officials said, particularly in Acadiana with the addition of new lenders.
“We are pleased to report strong revenue and loan growth across our footprint, including growth from our most recent acquisition,” said President and CEO John Bordelon. “Total loans increased on a reported basis from last quarter by 3%. We are excited to see the growth opportunities in Houston and all of our markets.”
Hampr closes with $5 million in funding
Hampr, an app-based wash-and-fold service launched two years ago, closed a $5 million funding round.
Now in 35 markets in nine states, the business created by Lafayette business owner Laurel Hess is using the funding to reach its goal of tripling its current footprint by the end of the year.
Hampr is receiving hundreds of new market requests every week. Since November, it has more than doubled its customer total and is now over 10,000, Hess said.
“The Gurtin team is very pleased to continue to support Hampr in this round,” said Grant Gurtin, of Gurtin Ventures, which invested in the round. “As a member of Hampr myself, I am amazed by the quality of the customer experience. The combination of a high-quality product and an analytics-driven approach to growth will allow the company to quickly expand its footprint across the USA”
Hampr users can purchase an annual membership for $39 and place an order with local “laundromats,” who will pick up the order and return the laundry clean and folded.
The size of the company’s original team has more than tripled, Hess said, and it will soon announce new membership options.
“It’s an exciting time to be in the laundry business,” Hess said. “It really is the only job that never stops for busy individuals, single parents and families.”