Constancy Financial institution’s holding firm plans to promote NOLA Lending Group, minimize 108 jobs
KEY TAKEAWAYS: FB Bancorp reported $1.3 million internet revenue for 2025. Firm plans to promote NOLA Lending Group; closing anticipated Feb. 28, 2026. Mortgage division posted about $2.7 million in losses in 2025. Divestiture goals to streamline operations and deal…
M&A Report: Crescent Financial institution exits auto lending in main deal
New Orleans-based Crescent Financial institution has agreed to promote its auto financing division to Arra Finance. The deal, anticipated to shut within the third quarter of 2025, will add Crescent’s $815 million auto mortgage portfolio, together with its servicing tech,…