Gulf Coast bankers assess toll after Hurricane Ida

Gulf Coast bankers assess toll after Hurricane Ida

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Gulf Coast bankers assess toll after Hurricane Ida

Having escaped the worst of Hurricane Ida, Merchants & Marine Bank in Pascagoula, Mississippi, is now looking for ways to assist neighboring banks that weren’t as fortunate.

Merchant & Marine, which has $ 742 million in assets, has been reaching out to Louisiana bankers to offer the delivery of items like latex gloves, bleach, paper towels and toilet paper, Clayton Legear, the bank’s president and CEO, said in an interview Tuesday .

“We really believe in bankers helping bankers,” he said.

Drive-thru lanes at a Regions Bank branch in Houma, Louisiana, sustained damage from Hurricane Ida.

Regions

On Wednesday, Gulf Coast bankers were largely still surveying the wreckage left by Ida. While the physical damage to branches was less extensive than many expected, power outages kept bank offices closed in some of the hardest-hit areas. Lines at gas stations were long as many drivers sought to fill their tanks.