John Bordelon, President and CEO of Home Bank and Chairman of HomeBancorp., Inc., came to Discover Lafayette to share his love for Lafayette, his remarkable 41-year banking career at Home Bank and his commitment to the community.
A native of Metairie, John had first attended USL as a young teenager when his older brother was a student. He found the people extraordinarily friendly, unlike anyone else he had met. When it came time to choose a college to play football at, he found that none of the other schools could match the culture of USL and Lafayette. “The people at Lafayette made it exciting for me to choose USL.”
John played from 1973 to 1976 as a four-year starter on the Ragin’ Cajuns football team as an outside linebacker for USL Football under coach Augie Tammariello and defensive coordinator Sam Robinson. “We’ve gone from having the worst record in UL history to the best record we’ve had in the last two seasons,” under coach Billy Napier.
John credits his college friend and wife Suzanne for putting him on track in college. “I had my priorities mixed up a bit. I was football first, entertainment second, and school third. Suzanne put me on the right track and focused on my career and what I wanted to be.” He received his accounting degree in 1977 and began working as a Medicare examiner. Exactly three years from the day he started at Medicare, he joined Home Savings & Loan to take advantage of the leadership opportunities that were offered to him.
John has led Home Bank to incredible growth during his tenure. He has overseen bank acquisitions, the 2008 IPO of corporate stocks, and the many technological advances in banking that have transformed the way bankers interact with and serve their clients.
As of the date of this podcast release, March 25, 2022, Home Bank will be converting its latest acquisition, Texan Bank, a community bank with five locations in the greater Houston area. The merger agreement provides for Friendswood Capital operated Texan Bank to merge with and within Home Bank, with Home Bank as the survivor. Texan Bank was acquired by Home Bank in a $66.6 million cash transaction.
Originally founded in 1908 as a savings and loan company called Home Building and Loan, Home Bank has seen incredible growth over the years. It is now the only surviving Lafayette bank of about a dozen that were in existence when John began his banking career in 1981. The bank survived the hardships of the 1980s oil crisis and the 2008 real estate crash. It employs over 450 bankers in Louisiana, Mississippi and Texas. It is the third largest bank in Louisiana with assets of $2.9 billion.
John recounted the timing of Home Bank’s IPO in 2008, an incredibly risky time when the national economy and stock market were in shambles. Home Bank raised $90 million on the same day Congress passed the Emergency Economic Stabilization Act, which established the Troubled Asset Relief Program (“TARP”), which allowed the government to recover distressed assets from financial institutions to buy. The cash infusion placed Home Bank in the position of the most highly capitalized bank in the country at the time, and the funds were used to purchase other banks. The first three bank acquisitions were cash deals that helped Home Bank grow its balance sheet.
“Banking is changing because of technology. Some people never go to a bank. But on the commercial side, people need the advice of bankers on how to fund their projects and start a business. The beauty of having a relationship with a customer is mutually beneficial. The client needs advice to get the right financing and bankers look out for the best interests of their clients. We call our commercial lenders ‘Account Managers’ because that’s what they do.”
On the community front, John has served as Chairman of the Greater Lafayette Chamber of Commerce and the UL Alumni Association. He has also served on the boards of the Community Foundation of Acadiana, Southwest Medical Center, the United Way of Acadiana, the Louisiana Open, Ascension Episcopal School, Women’s and Children’s Hospital, and the University of Louisiana Athletic Foundation Advisory Committee. He is the founder of the Ragin Cajun Athletic Foundation. He and he served for about twenty years on the board of directors of the Greater Southwest Mardi Gras Association, the nonprofit organization responsible for overseeing Lafayette’s Mardi Gras parades and ensuring the event remains free to the public.
John Bordelon served for about twenty years on the board of directors of the Greater Southwest Mardi Gras Association, the nonprofit organization responsible for overseeing Lafayette’s Mardi Gras parades and ensuring the event remains free to the public. “One of the greatest accomplishments of Greater SW Mardi Gras is that we funded all of the barricades for the entire parade route. This makes Lafayette’s Mardi Gras one of the safest Mardi Gras celebrations in the state. It was outstanding to experience the security that we have.”
During John Bordelon’s third or fourth year of service with the UL-Lafayette Alumni Association, he approached Dr. Ray Authement to recommend the creation of a sports foundation. He got the green light and worked first with Authement and then with his successor Dr. E. Joseph Savoie together. In 2008, the Rajin Cajun Athletic Foundation was launched with a modest fundraiser that has grown exponentially over the years. Home Bank was a supporter of RCAF, which John describes as “naturally suited to support Home Bank.”
We thank John Bordelon for his dedication to our community and commend him for his able leadership of Home Bank over the past 41 years. We also thank Home Bank for supporting the Discover Lafayette mission to shine a light on all the good things, people and cultures to be found here in Lafayette, the gateway to South Louisiana!