WWNO Louisiana Considered: Independent banks seek approval to switch from a 'mutual' bank operation to a stock-owned model
Amanda Heitz, assistant professor of finance, was interviewed for a segment on the WWNO news magazine "Louisiana Considered" about independent banks in New Orleans seeking to change their ownership structure from mutual banks to stock-owned institutions.
At the heart of why a lot of these banks decide to make this transition is they're looking to raise money. And a lot of them get acquired after three years or so. So this is what we should really look out for.
To hear the segment in its entirety, visit wwno.org:
