Regulatory Alerts2022-05-01
Louisiana Office of Financial Institutions Monthly Bulletin May 2022
The Louisiana Office of Financial Institutions issued its May 2022 Monthly Bulletin to record regulatory actions regarding state-chartered banks and trust companies. The document details specific corporate changes, including the name change of Commerce Community Bank to Currency Bank and the acquisition of assets by Caldwell Bank and Trust Company. Additionally, it lists numerous approvals and filings for new branch openings, relocations, and the closure of loan or deposit production offices across various Louisiana parishes.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN
MAY 2022
BANK HOLDING COMPANIES No Activity
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES Effective August 9, 2021 Commerce Community Bank, Oak Grove, West Carroll Parish, LA, changed its name to Currency Bank.
Effective October 1, 2021 Caldwell Bank and Trust Company, Columbia, Caldwell Parish, Louisiana, purchased certain assets and assumed the liability to pay deposits in the Oak Grove, Louisiana office of b1BANK, Baton Rouge, East Baton Rouge Parish, Louisiana.
BRANCHES Effective September 13, 2021 Currency Bank [formerly Commerce Community Bank], Oak Grove, West Carroll Parish, LA, opened its BATON ROUGE BRANCH located at 7054 Jefferson Highway, Suite 100, Baton Rouge, East Baton Rouge Parish, LA 70806. [Originally filed with the address of 7054 Jefferson Highway.]
Approved April 26, 2022 ELMWOOD BRANCH proposed by Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, to be located at 1208 Elmwood Park Boulevard, Jefferson, Jefferson Parish, LA 70123.
Approved May 2, 2022 COVINGTON BRANCH proposed by M C Bank & Trust Company, Covington, St. Tammany Parish, LA, to be located at 501 North Highway 190, Covington, St. Tammany Parish, LA 70433.
Approved May 12, 2022 HIGHLAND ROAD BRANCH proposed by Bank of St. Francisville, St. Francisville, West Feliciana Parish, LA, to be located at 5505 Highland Road, Baton Rouge, East Baton Rouge Parish, LA 70808.
MONTHLY BULLETIN – MAY 2022 PAGE 2
BRANCHES – (continued) Filed May 13, 2022 HIGHWAY 190 BRANCH proposed by Basile State Bank, Basile, Evangeline Parish, LA, to be located at 1617 Highway 190, Eunice, St. Landry Parish, LA 70535.
Approved May 17, 2022 HAYNESVILLE BRANCH proposed by Gibsland Bank & Trust Company, Gibsland, Bienville Parish, LA, to be located at 9999 Highway 79, Haynesville, Claiborne Parish, LA 71038.
Approved May 23, 2022 ST. FRANCISVILLE BRANCH proposed by Bank of Zachary, Zachary, East Baton Rouge Parish, LA, to be located at 5451 Live Oak Centre Drive, B, St. Francisville, West Feliciana Parish, LA 70775.
CHANGES OF LOCATION/CONSOLIDATIONS Approved May 13, 2022 b1BANK, Baton Rouge, East Baton Rouge Parish, LA, proposes to relocate its METAIRIE BANKING CENTER from 2328 Metairie Road, Suite 100 to 2929 Metairie Road (a distance of approximately 0.7 miles), both locations within Metairie, Jefferson Parish, LA 70001.
Approved May 13, 2022 b1BANK, Baton Rouge, East Baton Rouge Parish, LA, proposes to relocate its LAKE CHARLES – RYAN STREET BANKING CENTER from 728 Ryan Street to 825 Ryan Street (a distance of approximately 446 feet), both locations within Lake Charles, Calcasieu Parish, LA 70601.
LOAN PRODUCTION OFFICES (LPOs) / DEPOSIT PRODUCTION OFFICES (DPOs) / COMBINATION LPOs-DPOs Effective October 15, 2021 Currency Bank [formerly Commerce Community Bank], Oak Grove, West Carroll Parish, LA, closed its BATON ROUGE LOAN AND DEPOSIT PRODUCTION OFFICE located at 7054 Jefferson Highway, Baton Rouge, East Baton Rouge Parish, LA 70806, due to the opening of its BATON ROUGE BRANCH (see above).
Filed/Approved May 12, 2022 Red River Bank, Alexandria, Rapides Parish, LA, proposes to close its LAFAYETTE LOAN PRODUCTION OFFICE/DEPOSIT PRODUCTION OFFICE located at 91 Settlers Trace Building 4, Suite C, Lafayette, Lafayette Parish, LA 70508.
MONTHLY BULLETIN – MAY 2022 PAGE 3
LOAN PRODUCTION OFFICES (LPOs) / DEPOSIT PRODUCTION OFFICES (DPOs) / COMBINATION LPOs-DPOs – (continued) Filed/No Objection May 24, 2022 Guaranty Bank and Trust Company, New Roads, Pointe Coupee Parish, LA, proposes to close its GUARANTY BANK NORTH BATON ROUGE LOAN PRODUCTION OFFICE located at 7855 Howell Boulevard, Suite 120, Baton Rouge, East Baton Rouge Parish, LA 70807.
SUBSIDIARIES Applications No Activity
Notice-Only No Activity
TRUST POWERS No Activity
OTHER No Activity
Any questions should be directed to Pam Skelton at (225) 922-2627.