Nathanson and Underhill Join Board of MC Bancshares
Company - People | Apr 24, 2025 | EIN
MC Bancshares Inc., the holding company for M C Bank & Trust Co., headquartered in Morgan City, has announced the appointment of two new board members, Steve Nathanson and Townsend Underhill. At a recent annual shareholders' meeting, the company underscored its commitment to strategic growth by appointing Nathanson, a seasoned industrialist and entrepreneur and Underhill, a prominent figure in the real estate sector. Nathanson's extensive experience in energy, construction, and agriculture, combined with Underhill's leadership in the commercial real estate sector, are expected to contribute significantly to the bank's future development. Their previous roles on the Greater New Orleans Advisory Board emphasize their strong ties to the community and dedication to the bank's mission. As MC Bank, with its origins dating back to 1955, continues to operate across multiple locations in Louisiana, these appointments reflect a strategic move to bolster the bank's governance, innovation, and community engagement.
Sectors
- Banking and Financial Services
- Private Equity and Investments
- Real Estate
Geography
- United States – MC Bancshares Inc. and its banking operations are based in Louisiana, USA.
- Louisiana – MC Bank & Trust Co. operates across multiple locations within Louisiana.
Industry
- Banking and Financial Services – MC Bancshares operates as a bank holding company, providing financial services in Louisiana.
- Private Equity and Investments – Steve Nathanson is involved in managing a family trust with a diverse investment portfolio, indicating ties to private equity.
- Real Estate – Townsend Underhill's role as CEO of Stirling highlights involvement in the real estate sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| MC Bancshares Inc. | Holding Company | Company | The parent holding company for M C Bank & Trust Co., based in Morgan City, Louisiana. |
| Steve Nathanson | Board Member | Person | Newly appointed board member with a background in energy, construction, and agriculture investment. |
| Townsend Underhill | Board Member | Person | Newly appointed board member, CEO of a commercial real estate company. |
| M C Bank & Trust Co. | Bank | Company | A Louisiana-chartered state bank operating multiple branches across the state. |
| Nathanson Energy | Investment Fund/Company | Company | A family trust involved in energy, construction, and agriculture. |
| Stirling | Real Estate Company | Company | A comprehensive commercial real estate company where Townsend Underhill serves as CEO. |