Regulatory Alerts2020-09-01
Monthly Bulletin — September 2020
The Louisiana Office of Financial Institutions issued its September 2020 Monthly Bulletin to report on various banking activities and regulatory approvals. The document details the merger of Metro Bank into Liberty Bank and Trust Company, alongside multiple branch closures, openings, relocations, and consolidations by institutions such as Gulf Coast Bank and Origin Bank. It also records the establishment and relocation of several loan production offices and notes no activity for bank holding companies, subsidiaries, or trust powers.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN SEPTEMBER 2020
BANK HOLDING COMPANIES No Activity
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES Effective April 22, 2020 @ 5:03 p.m. Metro Bank, Inc., Louisville, Jefferson County, Kentucky (a Kentucky banking corporation), merged with and into Liberty Bank and Trust Company, New Orleans, Orleans Parish, Louisiana, under the Charter of and with the Title: Liberty Bank and Trust Company, domiciled in New Orleans, Louisiana, and established the sole office of Metro Bank, Inc. as a branch of Liberty Bank and Trust Company.
BRANCHES Effective March 30, 2020 Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, reduced the services of its DALLAS BRANCH located at 5949 Sherry Lane, Suite 785, Dallas, Dallas County, TX 75225, to a Loan Production Office, to be known as GULF COAST BANK AND TRUST DALLAS LOAN PRODUCTION OFFICE.
Effective June 30, 2020 Gulf Coast Bank, Abbeville, Vermilion Parish, LA, closed its WAL*MART BRANCH #531 located at 3142 Ambassador Caffery Parkway, Lafayette, Lafayette Parish, LA 70506.
Effective June 30, 2020 Gulf Coast Bank, Abbeville, Vermilion Parish, LA, closed its WEST PINHOOK BRANCH located at 2428 West Pinhook Road, Lafayette, Lafayette Parish, LA 70508.
Filed/Approved September 4, 2020 Gulf Coast Bank, Abbeville, Vermilion Parish, LA, proposes to close its WAL*MART BRANCH #309 located at 3005 Veterans Memorial Drive, Abbeville, Vermilion Parish, LA 70510.
Effective September 8, 2020 The Bank, Jennings, Jefferson Davis Parish, LA, opened its CROWLEY OFFICE located at 1311 North Parkerson Avenue, Crowley, Acadia Parish, LA 70526.
MONTHLY BULLETIN – SEPTEMBER 2020 PAGE 2
CHANGES OF LOCATION/CONSOLIDATIONS Effective August 10, 2020 Washington State Bank, Washington, St. Landry Parish, LA, relocated its EUNICE BRANCH from 215 South Second Street to 1020 West Laurel Avenue (a distance of approximately 0.8 miles), both locations within Eunice, St. Landry Parish, LA 70535.
Filed September 23, 2020 Origin Bank, Choudrant, Lincoln Parish, LA, proposes to relocate its OXFORD BANKING CENTER from 1312 University Avenue to 1713 University Avenue (a distance of approximately 0.3 miles), both locations within Oxford, Lafayette County, MS 38655.
Filed/Approved September 29, 2020 Farmers-Merchants Bank & Trust Company, Breaux Bridge, St. Martin Parish, LA, proposes to consolidate its WAL-MART BRANCH located at 1932 Rees Street, with the PARK PLAZA BRANCH located at 929 Rees Street (a distance of approximately 1 mile), both locations within Breaux Bridge, St. Martin Parish, LA 70517.
LOAN PRODUCTION OFFICES Effective December 2, 2019 Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, closed its GULF COAST BANK MORTGAGE DESTIN LOAN PRODUCTION OFFICE located at 495 Grand Boulevard, Suite 225, Miramar Beach, Walton County, FL 32550.
Effective December 2, 2019 Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, opened its GULF COAST BANK MORTGAGE DESTIN LOAN PRODUCTION OFFICE located at 4201 Indian Bayou Trail, Suite C, Destin, Okaloosa County, FL 32541.
Effective August 31, 2020 Origin Bank, Choudrant, Lincoln Parish, LA, closed its ORIGIN BANK MORTGAGE SERVICING AND LOAN PRODUCTION OFFICE located at 2508 Lakeland Drive, Suite 100, Flowood, Rankin County, MS 39232.
Approved September 14, 2020 LAFAYETTE LOAN PRODUCTION OFFICE/DEPOSIT PRODUCTION OFFICE proposed by Red River Bank, Alexandria, Rapides Parish, LA, to be located at 91 Settler’s Trace, Building 4, Suite C, Lafayette, Lafayette Parish, LA 70508. [Originally filed with the name of LAFAYETTE LOAN PRODUCTION/DEPOSIT PRODUCTION OFFICE.]
Filed September 17, 2020 BOSSIER/CADDO LOAN PRODUCTION OFFICE proposed by City Bank & Trust Company, Natchitoches, Natchitoches Parish, LA, to be located at 1000 Grimmett Drive, Shreveport, Caddo Parish, LA 71107.
MONTHLY BULLETIN – SEPTEMBER 2020 PAGE 3
LOAN PRODUCTION OFFICES – (continued) Filed/Approved September 23, 2020 Crescent Bank & Trust, New Orleans, Orleans Parish, LA, proposes to relocate its CRESCENT BANK & TRUST LAFAYETTE LOAN PRODUCTION OFFICE from 100 Asma Boulevard, Suite 310 to 302 La Rue France, Suite 202, both located within 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.