Regulatory Alerts2021-08-01
Louisiana Office of Financial Institutions Monthly Bulletin August 2021
The Louisiana Office of Financial Institutions issued its August 2021 Monthly Bulletin detailing regulatory actions regarding banking institutions. The document records the approval of the merger between Tri-State Bank of Memphis and Liberty Bank and Trust Company, as well as Caldwell Bank and Trust Company's acquisition of assets from b1BANK. Additionally, the bulletin lists numerous branch openings, closures, relocations, and the establishment of loan and deposit production offices across Louisiana and Texas.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN AUGUST 2021
BANK HOLDING COMPANIES No Activity
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES Approved August 11, 2021 Proposed Merger of Tri-State Bank of Memphis (a Tennessee banking institution), Memphis, Shelby County, TN, with and into Liberty Bank and Trust Company, New Orleans, Orleans Parish, LA, under the Charter of and with the Title: Liberty Bank and Trust Company, domiciled in New Orleans, Orleans Parish, LA, and to establish the sole office of Tri-State Bank of Memphis as a branch of Liberty Bank and Trust Company.
Approved August 24, 2021 Application by Caldwell Bank and Trust Company, Columbia, Caldwell Parish, Louisiana, for consent to purchase certain assets and assume the liability to pay deposits in the Oak Grove, Louisiana office of b1BANK, Baton Rouge, East Baton Rouge Parish, Louisiana.
BRANCHES Effective May 17, 2021 City Bank & Trust Company, Natchitoches, Natchitoches Parish, LA, opened its SHREVEPORT BRANCH located at 8989 Ellerbe Road, Shreveport, Caddo Parish, LA 71106.
Effective July 6, 2021 Red River Bank, Alexandria, Rapides Parish, LA, opened its COUNTRY CLUB BANKING CENTER located at 1855 Country Club Road, Lake Charles, Calcasieu Parish, LA 70605.
Effective July 30, 2021; Filed/Approved August 6, 2021 Sabine State Bank and Trust Company, Many, Sabine Parish, LA, closed its FORT POLK MAIN BRANCH located at 7640 Colorado Avenue, Fort Polk, Vernon Parish, LA 71459.
Effective August 5, 2021 Gibsland Bank & Trust Company, Gibsland, Bienville Parish, LA, opened its MINDEN BROADWAY STREET BRANCH located at 714 Broadway Street, Minden, Webster Parish, LA 71055.
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 – AUGUST 2021 PAGE 2
BRANCHES – (continued) Effective August 9, 2021 Citizens Progressive Bank, Winnsboro, Franklin Parish, LA, opened its STERLINGTON ROAD BRANCH located at 4370 Sterlington Road, Monroe, Ouachita Parish, LA 71203.
Filed August 10, 2021 THE RINK BRANCH proposed by Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, to be located at 2729 Prytania Street, New Orleans, Orleans Parish, LA 70130.
Approved August 11, 2021 MOSS BLUFF BRANCH proposed by Lakeside Bank, Lake Charles, Calcasieu Parish, LA, to be located at 372 Sam Houston Jones Parkway, Moss Bluff, Calcasieu Parish, LA 70611.
Approved August 13, 2021 BATON ROUGE – HIGHLAND ROAD BANKING CENTER proposed by b1BANK, Baton Rouge, East Baton Rouge Parish, LA, to be located at 19980 Highland Road, Baton Rouge, East Baton Rouge Parish, LA 70809.
Filed August 26, 2021 DALLAS CEDAR SPRINGS BANKING CENTER proposed by b1BANK, Baton Rouge, East Baton Rouge Parish, LA, to be located at 2401 Cedar Springs Road, Suite 420, Dallas, Dallas County, TX 75201.
CHANGES OF LOCATION/CONSOLIDATIONS Effective July 6, 2021 Citizens Bank & Trust Company, Plaquemine, Iberville Parish, LA, relocated its BOCAGE BRANCH back to its permanent location located at 7646 Jefferson Highway, Baton Rouge, LA 70809.
LOAN PRODUCTION OFFICES (LPOs) / DEPOSIT PRODUCTION OFFICES (DPOs) / COMBINATION LPOs-DPOs Effective June 16, 2021 City Bank & Trust Company, Natchitoches, Natchitoches Parish, LA, closed its BOSSIER/CADDO LOAN PRODUCTION OFFICE located at 1000 Grimmett Drive, Shreveport, Caddo Parish, LA 71107, due to the opening of its SHREVEPORT BRANCH (see above).
Effective June 30, 2021 b1BANK, Baton Rouge, East Baton Rouge Parish, LA, opened its RUSTON LOAN PRODUCTION OFFICE located at 2102 Floyd Park Drive, Ruston, Lincoln Parish, LA 71270.
MONTHLY BULLETIN – AUGUST 2021 PAGE 3
LOAN PRODUCTION OFFICES (LPOs) / DEPOSIT PRODUCTION OFFICES (DPOs) / COMBINATION LPOs-DPOs – (continued) Effective July 14, 2021 Bank of Zachary, Zachary, East Baton Rouge Parish, LA, closed its BANK OF ZACHARY LOAN PRODUCTION OFFICE located at 348 Veterans Boulevard, Denham Springs, Livingston Parish, LA 70726.
Effective August 2, 2021 Commerce Community Bank, Oak Grove, West Carroll Parish, LA, opened its BATON ROUGE LOAN AND DEPOSIT PRODUCTION OFFICE located at 7054 Jefferson Highway, Baton Rouge, East Baton Rouge Parish, LA 70806.
No Objection August 5, 2021 MIDWAY LOAN AND DEPOSIT PRODUCTION OFFICE proposed by Origin Bank, Choudrant, Lincoln Parish, LA, to be located at 13601 Midway Road, Farmers Branch, Dallas County, TX 75244.
Filed August 18, 2021 GULF COAST BANK AND TRUST – BUSINESS CREDIT BATON ROUGE LOAN PRODUCTION OFFICE proposed by Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, to be located at 7854 Anselmo Lane, Baton Rouge, East Baton Rouge Parish, LA 70810.
SUBSIDIARIES No Activity
TRUST POWERS Closed File August 5, 2021 b1BANK, Baton Rouge, East Baton Rouge Parish, LA, has filed an application requesting permission to exercise Limited Trust Powers.
OTHER No Activity
Any questions should be directed to Pam Skelton at (225) 925-4661.