Louisiana House Bill HR29

Louisiana 2018 2nd Special Session

• Introduced: 5/31/18
• Passed: 6/1/18

Caption

Commends Origin Bancorp, Inc., the financial holding company for Origin Bank headquartered in Ruston, on its recent listing on the NASDAQ stock exchange

Impact

The resolution serves to reinforce the importance of local banks like Origin Bancorp in contributing to the economic development of their communities. By recognizing the bank's achievements, the resolution promotes a positive narrative around local banking institutions and their role in enhancing regional economic vitality. Such commendations can foster a supportive environment for other local businesses striving for similar successes, thereby positively influencing community support and engagement.

Summary

House Resolution 29 (HR29) is a commendation for Origin Bancorp, Inc., recognizing its significant achievement in listing on the NASDAQ stock exchange. The resolution highlights the history and evolution of the financial institution, which began as the Bank of Choudrant in 1912, underwent various name changes, and emerged as a billion-dollar bank recognized for its community contributions. The listing on NASDAQ under the ticker symbol OBNK symbolized not only a financial milestone but also a testament to the bank's commitment to its growth and the communities it serves.

Sentiment

The sentiment surrounding HR29 is overwhelmingly positive as it celebrates the achievements of Origin Bancorp. Supporters of the resolution underscore its importance in showcasing local businesses' successes, which in turn can inspire other companies within the region. This positive recognition contributes to a sense of pride in local achievements and promotes the role of community banks in fostering economic stability.

Contention

While HR29 has received widespread support, it may invite discussions about the role of larger financial institutions and their impact on local and regional economies. Some may argue that while commendations of large bank listings are positive, there might be concerns regarding the prioritization of large entities over smaller, community-focused banks in legislative discussions. Overall, however, the resolution focuses on celebrating success and community commitment.