New bank reflects economy of Lake Charles - KPLC 7 News, Lake Charles, Louisiana

New bank reflects economy of Lake Charles

By Lee Peck - bio | email

LAKE CHARLES, LA (KPLC) - Despite the tough economic climate, Lake Charles is home to the only new federally-insured bank to open in 2010 in the nation. Operating in a double wide trailer on Nelson Road near Trinity Baptist Church, Lakeside Bank has been open since July 26th.

At a time when hundreds of banks have had to close in recent years because of the recession - you may ask why open a bank now? Hartie Spence who runs Lakeside Bank says now is the perfect time to open a bank because we're on the bottom of an economic cycle and Lakeside plans on riding it up as things are expected to get better.

Spence says it took about six months to raise the 13-million dollars to begin operations. After going through the process he says getting approved to open says a lot about the economy and future of Lake Charles.

"It's a real compliment - the FDIC and the State see the economy in Lake Charles as very solid and also positive for decades to come," said Spence.

With a little more than 100 customers Lakeside Bank currently has one location, but plans to expand their community banking operation to other locations in the future.

Also because it's the only new bank to open nationwide this year - Lakeside Bank has been featured recently in The New York Times, Wall Street Journal and on the BBC.

Copyright 2009 KPLC. All rights reserved.

  • More Local NewsNewsMore>>

  • TRAFFIC: Avoid I-10 EB near Welsh due to accident

    TRAFFIC: Avoid I-10 EB near Welsh due to accident

    Saturday, June 23 2018 12:18 PM EDT2018-06-23 16:18:23 GMT
    (Source: Pablo)(Source: Pablo)

    I-10 EB is blocked near Welsh due to a vehicle accident. Please take an alternate route. 7News will update the story as information becomes available. Copyright 2018 KPLC. All rights reserved.

    More >>

    I-10 EB is blocked near Welsh due to a vehicle accident. Please take an alternate route. 7News will update the story as information becomes available. Copyright 2018 KPLC. All rights reserved.

    More >>
  • Motorcyclist dies in Calcasieu Parish crash

    Motorcyclist dies in Calcasieu Parish crash

    Saturday, June 23 2018 11:21 AM EDT2018-06-23 15:21:34 GMT
    (Source: Louisiana State Police)(Source: Louisiana State Police)

    A Moss Bluff man died this evening after a vehicle accident, according to Sgt. James Anderson with Louisiana State Police. Investigations revealed a 2015 Honda Civic driven by Hannah Borill, 22, of Westlake, was traveling north on Luke Powers Road and stopped at the stop sign at La. 3059. The Civic then traveled into the path of a 2018 Harley-Davidson motorcycle traveling east on La. 3059, according to Anderson.  The operator of the motorcycle, Peter McCarthy, 29, "la...

    More >>

    A Moss Bluff man died this evening after a vehicle accident, according to Sgt. James Anderson with Louisiana State Police. Investigations revealed a 2015 Honda Civic driven by Hannah Borill, 22, of Westlake, was traveling north on Luke Powers Road and stopped at the stop sign at La. 3059. The Civic then traveled into the path of a 2018 Harley-Davidson motorcycle traveling east on La. 3059, according to Anderson.  The operator of the motorcycle, Peter McCarthy, 29, "la...

    More >>
  • KPLC general manager and photographer impress with Ryan Street tap-off

    KPLC general manager and photographer impress with Ryan Street tap-off

    Saturday, June 23 2018 9:06 AM EDT2018-06-23 13:06:06 GMT

    There was much excitement around KPLC today as Vice President/General Manager John Ware duked it out in a tap dancing battle with Antoine Aaron, KPLC photographer. John is participating in the 2018 Mad Hot Ballroom dance competition alongside partner Gambrelle DiGiglia on August 4. The competition raises funds for The Whistle Stop's dancing classrooms and DanceSport program. Since John and Gambrelle's Facebook page reached 400 likes, John...

    More >>

    There was much excitement around KPLC today as Vice President/General Manager John Ware duked it out in a tap dancing battle with Antoine Aaron, KPLC photographer. John is participating in the 2018 Mad Hot Ballroom dance competition alongside partner Gambrelle DiGiglia on August 4. The competition raises funds for The Whistle Stop's dancing classrooms and DanceSport program. Since John and Gambrelle's Facebook page reached 400 likes, John...

    More >>
Powered by Frankly