Regulatory Alerts2023-07-01
Louisiana Office of Financial Institutions Monthly Bulletin July 2023
The Louisiana Office of Financial Institutions issued its July 2023 Monthly Bulletin detailing regulatory actions for state-chartered banks and trust companies. Key approvals included the merger of Lone Star Bank into First Guaranty Bank and Merchants & Farmers Bank & Trust Company's acquisition of assets from b1BANK. The bulletin also recorded various branch openings, closures, relocations, and changes to loan and deposit production offices across Louisiana and other states.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN
JULY 2023
BANK HOLDING COMPANIES No Activity
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES Withdrawn July 13, 2023 Proposed Merger of Lone Star Bank (a Texas banking association), Houston, Harris County, TX, with and into First Guaranty Bank, Hammond, Tangipahoa Parish, LA, under the Charter of and with the Title: First Guaranty Bank, domiciled in Hammond, Tangipahoa Parish, LA, and to establish the existing offices of Lone Star Bank as branches of First Guaranty Bank.
Approved July 25, 2023 Application by Merchants & Farmers Bank & Trust Company, Leesville, Vernon Parish, Louisiana, for consent to purchase certain assets and assume the liability to pay deposits in the Leesville Louisiana office of b1BANK, Baton Rouge, East Baton Rouge Parish, Louisiana.
BRANCHES Effective December 30, 2022 The Cottonport Bank, Cottonport, Avoyelles Parish, LA, closed its BORDELONVILLE BRANCH located at 4418 Louisiana Highway 451, Bordelonville, Avoyelles Parish, LA 71320.
Approved July 12, 2023 BENTON ROAD BRANCH proposed by Citizens Bank & Trust Company of Vivian, Louisiana, Vivian, Caddo Parish, LA, to be located at 623 Kingston Road, Benton, Bossier Parish, LA 71006.
Effective July 24, 2023 Origin Bank, Choudrant, Lincoln Parish, LA, opened its NORTHWEST FREEWAY BANKING CENTER located at 5201 West 34th Street, Houston, Harris County, TX 77092.
Filed July 28, 2023 OLLA BRANCH proposed by Caldwell Bank and Trust Company, Columbia, Caldwell Parish, LA, to be located at 3271 Main Street, Olla, LaSalle Parish, LA 71465.
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) 925-2592 SECURITIES FAX # (225) 925-4511 NON DEPOSITORY # (225) 922-2860 MAIL ROOM FAX # (225) 925-4524 Web site: www.ofi.louisiana.gov email: ofila@ofi.louisiana.gov
MONTHLY BULLETIN – JULY 2023
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CHANGES OF LOCATION/CONSOLIDATIONS Effective June 28, 2023 b1BANK, Baton Rouge, East Baton Rouge Parish, LA, relocated its MONROE BANKING CENTER from 1816 Forsythe Avenue to 2271 Tower Drive (a distance of approximately 1.0 miles), both locations within Monroe, Ouachita Parish, LA 71201. [Originally filed with the relocated address as 2269 Tower Drive.]
LOAN PRODUCTION OFFICES (LPOs) / DEPOSIT PRODUCTION OFFICES (DPOs) / COMBINATION LPOs-DPOs Effective May 26, 2023 Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, relocated its CORPUS CHRISTI LOAN PRODUCTION OFFICE from 13138 Leopard Street to 4250 IH 69 Access Road, Suite 3, both located within Corpus Christi, Nueces County, TX 78410.
Effective June 5, 2023 Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, relocated its GULF COAST BANK AND TRUST MINNEAPOLIS LOAN PRODUCTION OFFICE from 8011 34th Avenue South, Two Appletree Square, #205 to 8100 & 8120 Penn Avenue South, both located within Bloomington, Hennepin County, MN 55431.
Effective June 23, 2023 Origin Bank, Choudrant, Lincoln Parish, LA, closed its GRAPEVINE LOAN PRODUCTION OFFICE located at 204 West Nash Street, Grapevine, Tarrant County, TX 76051.
Effective July 10, 2023; No Objection July 5, 2023 City Bank & Trust Company, Natchitoches, Natchitoches Parish, LA, opened its CITY BANK & TRUST COMPANY LOAN PRODUCTION OFFICE located at 212 West Virginia, Suite 10, McKinney, Collin County, TX 75013.
No Objection July 7, 2023 LOUISVILLE 4TH STREET LOAN PRODUCTION OFFICE proposed by Liberty Bank and Trust Company, New Orleans, Orleans Parish, LA, to be located at 1200 South 4th Street, Louisville, Jefferson County, KY 40203.
Filed July 17, 2023 CITIZENS BANK & TRUST LOAN PRODUCTION OFFICE – BATON ROUGE proposed by Citizens Bank & Trust Company, Plaquemine, Iberville Parish, LA, to be located at 7656 Jefferson Highway, Suite 1A, Baton Rouge, East Baton Rouge Parish, LA 70809.
MONTHLY BULLETIN – JULY 2023
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LOAN PRODUCTION OFFICES (LPOs) / DEPOSIT PRODUCTION OFFICES (DPOs) / COMBINATION LPOs-DPOs – (continued) Filed/No Objection, July 20, 2023 Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, proposes to relocate its HOUSTON LOAN PRODUCTION OFFICE from 5300 Memorial Lane, Suite 600 to 5300 Memorial Lane, Suite 620, both located within Houston, Harris County, TX 77007.
SUBSIDIARIES Applications No Activity
Notice-Only No Activity
TRUST POWERS No Activity
OTHER No Activity
Any questions should be directed to Renee LeBlanc at (225) 925-4201.