Louisiana Capital President and CEO Andre Fruge has been named president of Business First Bank’s Lafayette branch.
Fruge is replacing current Business First President Mike Guidroz, who has been promoted within the company as the bank’s chief credit officer, he says.
"I'm really excited to be a part of the bank's leadership in Lafayette, and the prospects of adding to something that's already proven to be successful," Fruge says.
The current president and CEO of the nonprofit SBA loan provider Louisiana Capital, Fruge says he will keep his title as president of Louisiana Capital, but the oversight will be more part-time as Chief Operations Officer Karen Angelle takes over day-to-day management.
Louisiana Capital has also hired Mike Anderson, the one-time president of an Omni Bank branch in Baton Rouge, to assist with business development.
Asked whether holding both positions could be perceived as a conflict of interest, Fruge says he does not believe it will be an issue.
“Business First is not currently involved in SBA lending. It’s important for me to be in a management position [at Louisiana Capital] because I have expertise in this little niche industry that we are, and also for the work I do in Washington. It’s a federal program,” Fruge says. “We have Karen. She’s very capable and knowledgeable; she can run the business.”
The state labor department figures released Friday show the initial claims decreased to 2,312 from the previous week's total of 2,543. For the comparable week a year earlier, there were 2,627.
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Lafayette’s first-ever Whole Foods Market will open its doors in September.
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First-time claims for unemployment insurance in Louisiana for the week ending July 19 decreased from the previous week's total.
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1,554 rigs were exploring for oil and 315 for gas. Two were listed as miscellaneous. A year ago there were 1,770 active rigs.
Most personal auto insurance policies exclude coverage when people charge money to drive others in their personal vehicles.
Louisiana's 21 casinos took in $203.5 million statewide in June, edging up one-half of a percentage point from a year earlier.
Business First Bank has announced plans for a Baton Rouge market expansion through a merger deal with American Gateway Financial Corp.
Mellow Mushroom Pizza Bakers opens on Johnston.
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