Regulatory Alerts2018-09-01
Louisiana Office of Financial Institutions Monthly Bulletin September 2018
The Louisiana Office of Financial Institutions issued its September 2018 Monthly Bulletin to record regulatory actions regarding bank holding companies, branches, and loan production offices. The document details the conversion of Lakeside Bancshares into a one-bank holding company and approves similar transactions for Jonesboro Bancshares, alongside various branch openings, relocations, and consolidations across Louisiana and Texas. It also records the establishment of new loan production offices by Lakeside Bank, Sabine State Bank, and IBERIABANK, while noting no activity in subsidiaries, trust powers, or other categories.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN
SEPTEMBER 2018
BANK HOLDING COMPANIES Effective February 23, 2018 Lakeside Bancshares, Inc., Lake Charles, Calcasieu Parish, LA, became a one-bank holding company by acquiring control of 100% of the issued and outstanding stock of Lakeside Bank, Lake Charles, Calcasieu Parish, LA, pursuant to Section 3(a)(1) of the BHC Act of 1956, as amended.
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES Effective February 23, 2018 @ 5:01 p.m. Lakeside Bank, Lake Charles, Calcasieu Parish, Louisiana, engaged in a statutory share exchange with Lakeside Bancshares, Inc., whereby Lakeside Bancshares, Inc., became a one-bank holding company.
Approved September 25, 2018 Application by Jonesboro State Bank, Jonesboro, Jackson Parish, Louisiana, to engage in a statutory share exchange with Jonesboro Bancshares, Inc., whereby Jonesboro Bancshares, Inc., will become a one-bank holding company.
BRANCHES Effective December 29, 2017 Lakeside Bank, Lake Charles, Calcasieu Parish, LA, opened its SULPHUR BRANCH located at its temporary location at 2594 Maplewood Drive, Sulphur, Calcasieu Parish, LA, 70663.
Effective September 4, 2018 Lakeside Bank, Lake Charles, Calcasieu Parish, LA, moved its SULPHUR BRANCH into its permanent location located at 2612 Maplewood Drive, Sulphur, Calcasieu Parish, LA, 70663.
Filed September 5, 2018 MONROE BRANCH proposed by Bank of Oak Ridge, Oak Ridge, Morehouse Parish, LA, to be located at 1888 Hudson Circle, Suite 12, Monroe, Ouachita Parish, LA, 71201.
Approved September 18, 2018 CHURCH STREET BRANCH proposed by Landmark Bank, Clinton, East Feliciana Parish, LA, to be located at 1858 Church Street, Zachary, East Baton Rouge Parish, LA, 70791.
POST OFFICE BOX 94095, BATON ROUGE, LOUISIANA 70804-9095 (225) 925-4660 DEPOSITORY FAX # (225) 925-4548 HUMAN RESOURCES FAX# (225) 925-4665 LEGAL FAX # (225) 922-2592 SECURITIES FAX # (225) 925-4511 NON DEPOSITORY # (225) 922-2860 MAIL ROOM FAX # (225) 925-4524 WEB SITE: www.ofi.la.gov EMAIL: ofi@ofi.la.gov
MONTHLY BULLETIN – SEPTEMBER 2018 PAGE 2
BRANCHES – (continued) Filed/Approved September 24, 2018 Tensas State Bank, Newellton, Tensas Parish, LA, proposes to close its TENSAS STATE BANK FERRIDAY BRANCH located at 212 North E. E. Wallace Boulevard, Ferriday, Concordia Parish, LA, 71334.
Filed September 26, 2018 RAYVILLE BRANCH proposed by Winnsboro State Bank & Trust Company, Winnsboro, Franklin Parish, LA, to be located at 1907 Highway 425, Rayville, Richland Parish, LA, 71269.
CHANGES OF LOCATION/CONSOLIDATIONS Effective March 14, 2018 Cross Keys Bank, St. Joseph, Tensas Parish, LA, consolidated its CYPRESS STREET ADMINISTRATIVE OFFICE located at 3101 Cypress Street, Suites 1 and 2 with the MCMILLAN OFFICE located at 400 McMillan Road (a distance of approximately 0.2 mile), both locations within West Monroe, Ouachita Parish, LA, 71292, to be known as WEST MONROE BRANCH.
Approved September 10, 2018 Origin Bank, Choudrant, Lincoln Parish, LA, proposes to relocate its MUSEUM DISTRICT BANKING CENTER from 5115 Main Street [77002] to 5515 & 5521 La Branch Street [77004] (a distance of approximately 0.6 miles), both locations within Houston, Harris County, TX, to be known as the HOUSTON BRANCH.
Filed/Approved September 11, 2018 M C Bank & Trust Company, Morgan City, St. Mary Parish, LA, proposes to consolidate its HIGHWAY 90 EAST BRANCH located at 6413 Highway 90 East with the MAIN OFFICE located at 1201 Brashear Avenue (a distance of approximately 0.6 miles), both locations within Morgan City, St. Mary Parish, LA, 70380.
LOAN PRODUCTION OFFICES Effective June 15, 2018 Lakeside Bank, Lake Charles, Calcasieu Parish, LA, opened its DERIDDER LOAN PRODUCTION OFFICE located at 1509 North Pine Street, Suite D, DeRidder, Beauregard Parish, LA, 70634.
Effective September 10, 2018 Sabine State Bank and Trust Company, Many, Sabine Parish, LA, opened its MOSS BLUFF LOAN PRODUCTION OFFICE located at 180 Gloria Drive, Suite 100, Moss Bluff, Calcasieu Parish, LA, 70611.
Approved September 13, 2018 FLOWOOD LOAN PRODUCTION OFFICE proposed by IBERIABANK, Lafayette, Lafayette Parish, LA, to be located at 232 Market Street, Suites 241-244, Flowood, Rankin County, MS, 39232.
MONTHLY BULLETIN – SEPTEMBER 2018 PAGE 3
LOAN PRODUCTION OFFICES – (continued) Filed September 17, 2018 COTTONPORT BANK LOAN PRODUCTION OFFICE proposed by The Cottonport Bank, Cottonport, Avoyelles Parish, LA, to be located at 1318 Camelia Boulevard, Lafayette, Lafayette Parish, LA, 70508.
SUBSIDIARIES No Activity
TRUST POWERS No Activity
OTHER No Activity
Any questions should be directed to Pam Skelton at (225) 925-4661.