Regulatory Alerts2024-10-01
Louisiana Office of Financial Institutions Monthly Bulletin October 2024
The Louisiana Office of Financial Institutions issued its October 2024 Monthly Bulletin detailing regulatory actions regarding bank mergers, branch closures, and office consolidations. The document records the merger of Oakwood Bancshares into Business First Bancshares and the relocation of Origin Bank's Depot Banking Center to a new Downtown Ruston location. Additionally, it lists the closure of various loan production offices by Gulf Coast Bank and Fidelity Bank, alongside proposed branch closures and consolidations by First Guaranty Bank and Metairie Bank & Trust Company.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN OCTOBER 2024
BANK HOLDING COMPANIES No Activity
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES Effective October 1, 2024 @ 12:01 a.m. [BHC Merger] Effective October 1, 2024 @ 12:02 a.m. [Bank Merger] Oakwood Bancshares, Inc. (a Texas corporation), Dallas, TX, merged with and into Business First Bancshares, Inc., Baton Rouge, LA, and immediately thereafter, merged Oakwood Bank (a Texas state-chartered bank), Dallas, Dallas County, TX, with and into b1BANK, Baton Rouge, East Baton Rouge Parish, LA, under the Charter of and with the Title: b1BANK, domiciled in Baton Rouge, LA, and established the existing offices of Oakwood Bank as branches of b1BANK.
BRANCHES Effective August 9, 2024 Metairie Bank & Trust Company, Metairie, Jefferson Parish, LA, closed its COVINGTON BRANCH located at 1000 South Tyler Street, Covington, St. Tammany Parish, LA 70433.
Effective August 12, 2024 Metairie Bank & Trust Company, Metairie, Jefferson Parish, LA, opened its COVINGTON BRANCH located at 70496 LA Highway 21, Covington, St. Tammany Parish, LA 70433.
Filed/Approved October 22, 2024 First Guaranty Bank, Hammond, Tangipahoa Parish, LA, proposes to close its PINEVILLE BANKING CENTER located at 40 Pinecrest Drive, Pineville, Rapides Parish, LA 71360.
Filed/Approved October 23, 2024 First Guaranty Bank, Hammond, Tangipahoa Parish, LA, proposes to close its MONTPELIER BRANCH located at 35651 Louisiana Highway 16, Montpelier, St. Helena Parish, LA 70422.
Filed/Approved October 23, 2024 First Guaranty Bank, Hammond, Tangipahoa Parish, LA, proposes to close its HAYNESVILLE BANKING CENTER located at 10065 Highway 79, Haynesville, Claiborne Parish, LA 71038.
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 FAX # (225) 922-2860 MAIL ROOM FAX # (225) 925-4524 Web Site: www.ofi.la.gov email: ofila@ofi.la.gov
MONTHLY BULLETIN – OCTOBER 2024 PAGE 2
CHANGES OF LOCATION/CONSOLIDATIONS Effective September 30, 2024 Origin Bank, Choudrant, Lincoln Parish, LA, relocated its DEPOT BANKING CENTER from 301 West Alabama Avenue to 400 North Trenton Street (a distance of approximately 0.3 miles), both locations within Ruston, Lincoln Parish, LA 71270, to be known as DOWNTOWN RUSTON BANKING CENTER.
Filed /Approved October 23, 2024 First Guaranty Bank, Hammond, Tangipahoa Parish, LA, proposes to consolidate its Marksville Banking Center located at 305 North Main Street with the Marksville-Tunica Banking Center located at 211 East Tunica Drive (a distance of approximately 0.4 miles), both locations within Marksville, Avoyelles Parish, LA 71351.
LOAN PRODUCTION OFFICES (LPOs) / DEPOSIT PRODUCTION OFFICES (DPOs) / COMBINATION LPOs-DPOs Effective August 31, 2024 Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, closed its GULF COAST BANK DENHAM SPRINGS MORTGAGE LOAN PRODUCTION OFFICE located at 200 South Range Avenue, Suites B & C, Denham Springs, Livingston Parish, LA 70726.
Effective August 31, 2024 Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, closed its GULF COAST BANK AND TRUST DESTIN LOAN PRODUCTION OFFICE located at 34990 Emerald Coast Parkway, Suite 300, Destin, Okaloosa County, FL 32541.
Effective September 30, 2024 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, closed its PRAIRIEVILLE LOAN PRODUCTION OFFICE #2 located at 37338 Perkins Road, Suite B, Prairieville, Ascension Parish, LA 70769.
Effective October 14, 2024 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, closed its SHREVEPORT 2 LOAN PRODUCTION OFFICE at 670 Albemarle Drive, Suite 1303, Shreveport, Caddo Parish, LA 71106.
No Objection October 17, 2024; Filed October 2, 2024 METAIRIE LOAN AND DEPOSIT PRODUCTION OFFICE proposed by Red River Bank, Alexandria, Rapides Parish, LA, to be located at 3850 North Causeway Boulevard, Metairie, Jefferson Parish, LA 70002.
SUBSIDIARIES Applications No Activity
MONTHLY BULLETIN – OCTOBER 2024 PAGE 3
Notice-Only No Activity
TRUST POWERS No Activity
OTHER No Activity
Any questions should be directed to Pam Skelton at (225) 922-2627.