Home Bancorp, Inc. and Home Bank, N.A. Announce Board Changes
May 12, 2020 at 04:30 pm
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Home Bancorp, Inc. and Home Bank, N.A. (the Bank), the company's wholly-owned subsidiary, announced that the company's Board of Directors has elected John W. Bordelon as Chairman. Bordelon has served as President and Chief Executive Officer of the company since its inception in October 2008 and in the same role for the Bank since 1993. Bordelon joined Home Bank in 1981 and served in several leadership positions prior to being promoted to President and CEO. He has served on the Board of Directors for Community Foundation of Acadiana, Southwest Medical Center, United Way of Acadiana, Louisiana Open, Ascension Day School, Women's and Children's Hospital and the University of Louisiana'sAthletic Foundation Advisory Committee. He was Chairman of the Greater Lafayette Chamber of Commerce and co-founded the Ragin Cajun Athletic Foundation. As previously indicated, Michael P. Maraist, the former Chairman of the Board, retired from the Boards of Directors of the Company and Bank in accordance with the mandatory retirement provision of the Company's Bylaws. He will serve as Director Emeritus of the Home Bank Board of Directors.
Home Bancorp, Inc. is the holding company for Home Bank, N.A. (the Bank). The Bank is a wholly owned subsidiary of the Company, conducts business through approximately 42 banking offices in the Acadiana, Baton Rouge, Greater New Orleans and Northshore (of Lake Pontchartrain) regions of south Louisiana, the Natchez region of west Mississippi and the Houston region of Texas. The Bank is primarily engaged in attracting deposits from the general public and using those funds to invest in loans and securities. The Bankâs principal sources of funds are customer deposits, repayments of loans, repayments of investments and funds borrowed from outside sources such as the Federal Home Loan Bank (FHLB) of Dallas. These funds are primarily used for the origination of loans, including one-to four-family first mortgage loans, home equity loans and lines, commercial real estate loans, construction and land loans, multifamily residential loans, commercial and industrial loans, and consumer loans.