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The Baton Rouge Business Report says Roemer, Robinson, Melville and Co., a new investment bank, has been formed. The bank’s mission will be to help growing companies in Louisiana and across the Gulf South.

The institution currently controls approximately $30 million. President and CEO Chas Roemer says the entity is separate from Baton Rouge-headquartered Business First Bank, which the Roemer family also controls. He notes that the investment bank will be focused on venture capital, as opposed to traditional lending, and his hope is to lend money during the next 18 months. Read more about the new bank here.

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