latest news releases from the newsroom
Louisiana Bancorp, Inc. Announces Earnings for the Second Quarter
METAIRIE, La., Aug. 1, 2007 (PRIME NEWSWIRE) -- Louisiana Bancorp, Inc. (the "Company") (Nasdaq:LABC), the newly formed holding company for Bank of New Orleans (the "Bank"), today announced that the Bank's net income for the quarter ended June 30, 2007 was $409,000, a decrease of $160,000 over the quarter ended June 30, 2006. On a linked-quarter basis, net income improved by 19.6% in the second quarter of 2007 compared to first quarter net income of $342,000. For the six months ended June 30, 2007, the Bank's net income was $751,000, compared to $1.4 million for the comparable six-month period in 2006. The decreases were due primarily to compression of the Bank's net interest rate spread and margin, due primarily to the current interest rate environment, as well as lower levels of recoveries from the allowance for loan losses and increases in salary and employee benefit and other non-interest expenses.
CoolLifeKY.com Introduces the Million Dollar Hillbilly
LEXINGTON, Ky., Aug. 1, 2007 (PRIME NEWSWIRE) -- Theo Edmonds is an unashamed 'hillbilly.' He's an urban renaissance man: lives in a warehouse loft by a railroad, wears overalls while creating art, writes poetry, performs in local musical theatre productions, and holds law and graduate degrees from Tulane University. And, he is on his way to his first million which he intends to use to turn the culture of Appalachia into the hottest, chic, cosmopolitan trend in art and design in the United States with a significant percentage of the net profits from his new company, Hillbilly Chic(tm), to benefit his beloved home: Kentucky!