See how Capital Region banks are adjusting their lending practices
09/11/2023
By: Holly Duchmann for Greater Baton Rouge Business Report
As regional and community banks across the nation increasingly tighten their loan standards, Baton Rouge-area financial institutions are assessing their own lending practices with regard to risk.
The springtime collapse of Silicon Valley Bank and other institutions, coupled with the continued rising interest rates, has created tough conditions for financial institutions.
Chris Ferris, CEO and president of Fidelity Bank and NOLA Lending Group, says his institution is more selective now in the projects it looks to finance due to the rapid rise of interest rates and the skyrocketing costs of commercial projects.
Amy Province, Baton Rouge market executive for Regions Bank, says that Regions has not made any changes recently to its lending practices but notes that the bank maintains a cautious approach to credit across all cycles. Loan officers look at a business’s liquidity, ability to repay debt, collateral, management structure and other variables when considering approving a loan or new line of credit.
Read the full story about how local banks are maneuvering through uncertain times, from the latest edition of Business Report. Send comments to [email protected].