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FB Bancorp, Inc. ( (FBLA) ) has issued an announcement.
On December 31, 2025, Fidelity Bank, the banking subsidiary of FB Bancorp, Inc., entered into an asset purchase agreement to sell certain assets of its NOLA Lending Group mortgage division to First Federal Bank of Lake City, Florida, with closing expected in the first quarter of 2026. Under the agreement, announced publicly in a joint press release on January 5, 2026, First Federal will acquire NOLA’s assets at net book value plus specified adjustments and will continue mortgage operations from NOLA’s existing branches across Louisiana, Florida, Georgia, Wisconsin and Mississippi, retaining most employees and keeping the NOLA brand, thereby expanding its retail mortgage footprint and technology-enabled product offering, while allowing Fidelity Bank to sharpen its strategic focus on core banking execution and support for shareholder value.
More about FB Bancorp, Inc.
FB Bancorp, Inc.’s subsidiary Fidelity Bank is a community-focused bank headquartered in New Orleans, Louisiana, with more than $1.2 billion in assets and 18 full-service branches across Southeast Louisiana, Baton Rouge and Lafayette. The bank, which converted from mutual to stock form in October 2024, focuses on serving small and mid-sized businesses—particularly women-owned enterprises—while also providing personalized services to individuals, nonprofits and homebuyers in its regional markets.
Average Trading Volume: 122,988
Technical Sentiment Signal: Strong Buy
Current Market Cap: $256.1M
For an in-depth examination of FBLA stock, go to TipRanks’ Overview page.