Regulatory Alerts2017-12-01
Louisiana Office of Financial Institutions Monthly Bulletin December 2017
The Louisiana Office of Financial Institutions issued its December 2017 Monthly Bulletin detailing regulatory actions for banks, thrifts, and trust companies. Key approvals included the merger of The Highlands Bank into Investar Bank, the acquisition of MidSouth Bank's Alexandria offices by Bank of Montgomery, and the conversion of First Private Trust Corporation to a public trust company. The bulletin also recorded branch openings, closures, and loan production office activities for institutions such as Fidelity Bank, Business First Bank, and IBERIABANK.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN DECEMBER 2017
BANK HOLDING COMPANIES No Activity
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES Effective December 1, 2017 @ 12:03 a.m. The Highlands Bank, Jackson, East Feliciana Parish, LA, merged with and into Investar Bank, Baton Rouge, East Baton Rouge Parish, LA, under the Charter of and with the Title: Investar Bank, domiciled in Baton Rouge, East Baton Rouge Parish, LA, and established the existing offices of The Highlands Bank as branches of Investar Bank.
Effective December 1, 2017 @ 5:01 p.m. Bank of Montgomery, Montgomery, Grant Parish, Louisiana, purchased certain assets and assumed the liability to pay deposits in the following Alexandria, Louisiana offices of MidSouth Bank, National Association, Lafayette, Lafayette Parish, Louisiana: ALEXANDRIA SOUTH BRANCH – 3412 Mac Lee Street, Alexandria, Rapides Parish, LA, 71302 ALEXANDRIA WEST BRANCH – 1423 Wimbledon Drive, Alexandria, Rapides Parish, LA, 71301
Final Approval December 18, 2017 Proposed Conversion of First Private Trust Corporation, Metairie, Jefferson Parish, LA, from a State-chartered Private Trust Company to a State-chartered Public Trust Company, with the Title: First Private Trust Corporation.
Approved December 20, 2017 Proposed Merger of Ouachita Independent Bank, Monroe, Ouachita Parish, LA, with and into BancorpSouth Bank (a Mississippi state bank), Tupelo, Lee County, MS, under the Charter of and with the Title: BancorpSouth Bank, domiciled in Tupelo, MS, and to establish the existing offices of Ouachita Independent Bank as branches of BancorpSouth Bank.
BRANCHES Approved December 12, 2017 MID-CITY CANAL BRANCH proposed by IBERIABANK, Lafayette, Lafayette Parish, LA, to be located at 4011 Canal Street, New Orleans, Orleans Parish, LA, 70119.
MONTHLY BULLETIN – DECEMBER 2017 PAGE 2
BRANCHES – (continued) Filed/Approved December 12, 2017 The Evangeline Bank & Trust Company, Ville Platte, Evangeline Parish, LA, proposes to close its HIGHWAY 167 SOUTH BRANCH located at 2020 East Main Street, Ville Platte, Evangeline Parish, LA, 70586.
Filed/Approved December 20, 2017 Business First Bank, Baton Rouge, East Baton Rouge Parish, LA, proposes to close its ZACHARY BANKING CENTER located at 1858 Church Street, Zachary, East Baton Rouge Parish, LA, 70791.
Filed/Approved December 20, 2017 Business First Bank, Baton Rouge, East Baton Rouge Parish, LA, proposes to close its ERWINVILLE BANKING CENTER located at 4610 Poydras Bayou Road, Erwinville, West Baton Rouge Parish, LA, 70729.
CHANGES OF LOCATION/CONSOLIDATIONS No Activity
LOAN PRODUCTION OFFICES Effective January 12, 2017 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, opened its NATCHEZ LOAN PRODUCTION OFFICE located at 300 Franklin Street, Natchez, Adams County, MS, 39120.
Effective February 8, 2017 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, opened its HATTIESBURG LOAN PRODUCTION OFFICE located at 8 Woodstone Plaza Drive, Suite 5, Hattiesburg, Lamar County, MS, 39402. [Originally filed with Suite 4.]
Effective February 17, 2017 Fidelity Bank [a State-chartered Savings Bank], New Orleans, Orleans Parish, LA, relocated its BATON ROUGE LOAN PRODUCTION OFFICE from 9247 Bluebonnet Boulevard, Suite A [70810] to 6421 Perkins Road, Building C [70808], both within Baton Rouge, East Baton Rouge Parish, LA.
Effective February 20, 2017 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, closed its DESTIN LOAN PRODUCTION OFFICE located at 225 Main Street, Suite 14, Destin, Okaloosa County, FL, 32541.
MONTHLY BULLETIN – DECEMBER 2017 PAGE 3
LOAN PRODUCTION OFFICES – (continued) Effective July 7, 2017 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, closed its BOSSIER CITY LOAN PRODUCTION OFFICE located at 315 East Texas Street, Bossier City, Bossier Parish, LA, 71111.
Effective August 25, 2017 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, opened its BURLESON LOAN PRODUCTION OFFICE located at 124 South Main Street, Suite 228, Burleson, Johnson County, TX, 76028.
Effective November 8, 2017 Business First Bank, Baton Rouge, East Baton Rouge Parish, LA, opened its DALLAS LOAN PRODUCTION OFFICE located at 5220 Spring Valley Road, Suite 100, Dallas, Dallas County, TX, 75254. [Originally filed with the address of 3012 Fairmount, Suite 150, Dallas, Dallas County, TX, 75201.]
Filed/Approved December 18, 2017 IBERIABANK, Lafayette, Lafayette Parish, LA, proposes to close its OLIVE LOAN PRODUCTION OFFICE located at 6253 Goodman Road, Suite C, Olive Branch, DeSoto County, MS, 38654.
Approved December 19, 2017 GULF COAST BANK AND TRUST DENHAM SPRINGS SOUTH MORTGAGE LOAN PRODUCTION OFFICE proposed by Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, to be located at 1234 Del Este Avenue, Building 3, Suite 302, Denham Springs, Livingston Parish, LA, 70726.
Filed/Approved December 20, 2017 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, proposes to close its JACKSON LOAN PRODUCTION OFFICE located at 111 Colony Crossing, Suite 110, Madison, Madison County, MS, 39110.
SUBSIDIARIES Effective November 28, 2017 Community Bank of Louisiana, Mansfield, DeSoto Parish, LA, established a subsidiary, COMMUNITY INSURANCE CENTER, L.L.C., located at 118 Jefferson Street, Mansfield, DeSoto Parish, LA, 71052.
TRUST POWERS No Activity
MONTHLY BULLETIN – DECEMBER 2017 PAGE 4
OTHER No Activity
Any questions should be directed to Pam Skelton at (225) 925-4661.