SOURCE: Teche Holding Company

September 25, 2006 09:30 ET

Teche Federal Bank to Build New Branch Facility in Thibodaux

NEW IBERIA, LA -- (MARKET WIRE) -- September 25, 2006 -- Patrick Little, President and CEO, Teche Federal Bank (AMEX: TSH), today announced the planned construction of a new branch office in Thibodaux at 921 Canal Boulevard. "This new Teche Federal Bank facility in Thibodaux demonstrates the Bank's commitment to Lafourche Parish," said Little.

"The new office will replace a temporary location currently on the front of the property at 921 Canal Boulevard. It will enable Teche Federal Bank to better serve customers in Thibodaux in one of the highest growth areas in Lafourche Parish," said Little. "We've had a presence in Thibodaux since 1998 and we've had plans for further growth in Thibodaux since we opened the current location in October of 2004." He added, "We have so many customers coming to this office that we need a larger, improved facility to provide the great service our customers have come to expect from Teche Federal."

Angie Mire, Regional Branch Supervisor for the Bank, said, "Our customers are pleased with the announcement of the new office and we look forward to providing even better service and the ability to accommodate even more customers."

In addition, Teche Federal Bank is planning further growth with two new branches in Houma. In the Martin Luther King area, near Accessory World, while in the Houma East area the Bank has purchased property at the corner of Grand Caillou Avenue and Jane Avenue. The current Houma office on Prospect Street will relocate to the new Grand Caillou location.

Teche Federal Bank, founded in 1934, is a well-established financial institution with a seventy-two year history in mortgage lending and a very successful eleven-year track record in community banking services.

Teche Federal presently operates nineteen offices in the Louisiana parishes of St. Mary, Iberia, Lafayette, St. Martin, Terrebonne, Lafourche, St. Landry East Baton Rouge and Ascension. Teche Holding Company has been publicly traded since 1995 and its common stock symbol is "TSH" on the American Stock Exchange. The Federal Deposit Insurance Corporation (FDIC) insures deposits at Teche Federal Bank up to the legal maximum limits. Additional information is available on its website at www.teche.com.

Contact Information

  • For More Information Contact:
    Patrick Little
    President and CEO
    Or
    Ross Little, Jr.
    Senior Vice President
    (337) 560-7151