Regulatory Alerts2019-05-01
Monthly Bulletin — May 2019
The Louisiana Office of Financial Institutions issued its May 2019 Monthly Bulletin to report on various banking activities and regulatory filings. The document details the approval of Investar Bank's conversion to a national association, the filing by Winnsboro State Bank to acquire assets, and multiple branch closures, openings, and relocations by institutions such as Crescent Bank and Pedestal Bank. Additionally, the bulletin records changes of location for loan production offices and consolidations involving several Louisiana-based banks.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN MAY 2019
BANK HOLDING COMPANIES No Activity
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES Approved May 16, 2019 Proposed Conversion of Investar Bank, Baton Rouge, East Baton Rouge Parish, LA, from a State-Chartered Bank to a National Banking Association, with the Title: Investar Bank, National Association.
Filed May 9, 2019 Application by Winnsboro State Bank & Trust Company, Winnsboro, Franklin Parish, Louisiana, for consent to purchase certain assets and assume the liability to pay deposits in the Mangham, Louisiana office of Business First Bank, Baton Rouge, East Baton Rouge Parish, Louisiana.
BRANCHES Filed/Approved May 1, 2019 Crescent Bank & Trust, New Orleans, Orleans Parish, LA, proposes to close its COVINGTON BRANCH located at 50 Louis Prima Drive, Covington, St. Tammany Parish, LA 70433.
Effective May 3, 2019 Pedestal Bank, Houma, Terrebonne Parish, LA, closed its EUNICE DRIVE-IN BRANCH located at 2301 West Laurel Avenue, Eunice, St. Landry Parish, LA 70535.
Effective May 3, 2019 Pedestal Bank, Houma, Terrebonne Parish, LA, closed its JANE STREET BRANCH located at 1407 Jane Street, New Iberia, Iberia Parish, LA 70563.
File Closed May 14, 2019 BROUSSARD BRANCH proposed by Tri-Parish Bank, Eunice, St. Landry Parish, LA, to be located at 751 Albertson Parkway, Broussard, Lafayette Parish, LA 70518. [Branch application transferred to Pedestal Bank, Houma, Terrebonne Parish, LA, due to the consolidation effective February 19, 2018.]
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: ofila@ofi.la.gov
MONTHLY BULLETIN – MAY 2019 PAGE 2
BRANCHES – (continued) Approved May 16, 2019 ST. PETERSBURG BRANCH proposed by Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, to be located at 146 Second Street North, Suite 200, St. Petersburg, Pinellas County, FL 33701.
Approved May 16, 2019; Filed May 1, 2019 NORTH SHORE BRANCH proposed by Crescent Bank & Trust, New Orleans, Orleans Parish, LA, to be located at 1810 North Causeway Boulevard, Suite 3, Mandeville, St. Tammany Parish, LA 70471.
Filed May 29, 2019 Washington State Bank, Washington, St. Landry Parish, LA, proposes to relocate 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.
CHANGES OF LOCATION/CONSOLIDATIONS Effective April 8, 2019 Cross Keys Bank, St. Joseph, Tensas Parish, LA, relocated its SHREVEPORT BUSINESS CENTER from 8740 Quimper Place [71105] to 4855 Line Avenue [71106] (a distance of approximately 3.6 miles), both locations within Shreveport, Caddo Parish, Louisiana.
Effective April 15, 2019 Origin Bank, Choudrant, Lincoln Parish, LA, proposes to relocate its PRESTON BANKING CENTER from 8222 Douglas Avenue, Suite 100 to 6124 Berkshire Lane (a distance of approximately 0.3 miles), both locations within Dallas, Dallas County, TX 75225.
LOAN PRODUCTION OFFICES Effective February 1, 2019 Crescent Bank & Trust, New Orleans, Orleans Parish, LA, closed its CRESCENT BANK & TRUST DEARBORN LOAN PRODUCTION OFFICE located at 6 Parklane Boulevard, Suite 525, Dearborn, Wayne County, MI 48126.
Effective April 12, 2019 Crescent Bank & Trust, New Orleans, Orleans Parish, LA, relocated its CRESCENT BANK & TRUST PHOENIX LOAN PRODUCTION OFFICE from 950 West Elliot Road, Suite 122 to 960 West Elliot Road, Suite 110, both located within Tempe, Maricopa County, AZ 85284.
Withdrawn May 13, 2019 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, proposes to close its BILOXI LOAN PRODUCTION OFFICE located at 2434-A Pass Road, Biloxi, Harrison County, MS 39531.
MONTHLY BULLETIN – MAY 2019 PAGE 3
LOAN PRODUCTION OFFICES – (continued) Filed/Approved May 28, 2019 Sabine State Bank and Trust Company, Many, Sabine Parish, LA, proposes to close its MOSS BLUFF LOAN PRODUCTION OFFICE located at 180 Gloria Drive, Suite 100, Moss Bluff, Calcasieu Parish, LA 70611.
SUBSIDIARIES No Activity
TRUST POWERS No Activity
OTHER No Activity
Any questions should be directed to Pam Skelton at (225) 925-4661.