Century Next Financial Corp

Century Next Financial Corp is a savings and loan holding company that was organized by Bank of Ruston in June 2010. This organization facilitated the conversion of Bank of Ruston from a mutual to a stock form of ownership. The company sold a total of 1,058,000 shares of common stock at $10 per share through subscription and community offerings, generating net proceeds of approximately $9.9 million after offering costs of approximately $651,000. Century Next Financial Corp is regulated by the Board of Governors of the Federal Reserve System. Its subsidiary, Bank of Ruston, provides a variety of financial services primarily to individual customers. The Bank operates through its main office and one branch, both located in Ruston, Louisiana. The primary deposit products offered include checking accounts, money market accounts, interest-bearing savings, and time deposits. The Bank's main lending products are residential mortgage loans. Services are provided to customers in Ruston and the surrounding areas. The market area for Bank of Ruston's two banking offices is Lincoln Parish in central northern Louisiana, and it also includes the contiguous parishes of Claiborne, Bienville, Ouachita, Union, and Jackson Parishes.