Regulatory Alerts2024-05-01
Louisiana Office of Financial Institutions Monthly Bulletin May 2024
The Louisiana Office of Financial Institutions issued its May 2024 Monthly Bulletin detailing regulatory actions for state-chartered banks and holding companies. The document records the acquisition of Peoples Bank by Homeland Bancshares, the opening of new banking centers by First Guaranty Bank and b1BANK, and the establishment of subsidiaries by Progressive Bank and b1BANK. Additionally, the bulletin lists various branch closures, relocations, and the creation of loan production offices by institutions including Origin Bank, Liberty Bank, and Citizens Progressive Bank.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN
MAY 2024
BANK HOLDING COMPANIES Effective January 1, 2024 @ 12:01 a.m. Homeland Bancshares, Inc. (a Louisiana corporation), Columbia, Louisiana, acquired 100% of the issued and outstanding shares of common stock of Peoples Bank, located in Chatham, Jackson Parish, Louisiana, pursuant to R.S. 6:351 et seq. and Section 3(a)(1) of the Bank Holding Company Act of 1956, as amended.
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES No Activity
BRANCHES Effective April 17, 2024 First Guaranty Bank, Hammond, Tangipahoa Parish, LA, opened its BRIDGEPORT BANKING CENTER located at 1000 Jerry Dove Drive, Suite 101, Bridgeport, Harrison County, WV 26330.
Filed May 3, 2024 LAFAYETTE – CAMELLIA BOULEVARD BRANCH proposed by Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, to be located at 1420 Camellia Boulevard, Lafayette Parish, Lafayette, LA 70508.
Filed/Approved May 6, 2024 Metairie Bank & Trust Company, Metairie, Jefferson Parish, LA, proposes to close its COVINGTON BRANCH located at 1000 South Tyler Street, Covington, St. Tammany Parish, LA 70433.
Effective May 13, 2024 b1BANK, Baton Rouge, East Baton Rouge Parish, LA, opened its BATON ROUGE – BLUEBONNET BANKING CENTER located at 9100 Bluebonnet Centre Boulevard, Suite 103, Baton Rouge, East Baton Rouge Parish, LA 70809.
Filed/Approved May 14, 2024 Origin Bank, Choudrant, Lincoln Parish, LA, proposes to close its MEDICAL CENTER BANKING CENTER located at 8002 Kirby Drive, Houston, Harris County, TX 77054.
MONTHLY BULLETIN – MAY 2024 PAGE 2
BRANCHES - (continued) Filed May 21, 2024 FORT WALTON BEACH BANKING OFFICE proposed by Origin Bank, Choudrant, Lincoln Parish, LA, to be located at 212 Racetrack Road NW, Fort Walton Beach, Okaloosa County, FL 32547.
CHANGES OF LOCATION/CONSOLIDATIONS Effective April 15, 2024 b1BANK, Baton Rouge, East Baton Rouge Parish, LA, relocated 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.
Effective May 13, 2024 Origin Bank, Choudrant, Lincoln Parish, LA, relocated its PRESTON BANKING CENTER from 6124 Berkshire Lane to 8411 Preston Road (a distance of approximately 361 feet), both locations with Dallas, Dallas County, TX 75225.
LOAN PRODUCTION OFFICES (LPOs) / DEPOSIT PRODUCTION OFFICES (DPOs) / COMBINATION LPOs-DPOs Effective October 2, 2023 Liberty Bank and Trust Company, New Orleans, Orleans Parish, LA, opened its LOUISVILLE 4TH STREET LOAN PRODUCTION OFFICE located at 1200 South 4th Street, Louisville, Jefferson County, KY 40203.
Effective April 17, 2024 First Guaranty Bank, Hammond, Tangipahoa Parish, LA, closed its BRIDGEPORT LOAN AND DEPOSIT PRODUCTION OFFICE located at 173 Bombardier Way, Bridgeport, Harrison County, WV 26330, due to the opening of its BRIDGEPORT BANKING CENTER (see above).
No Objection May 1, 2024 CYPRESS STREET WEST MONROE TEMPORARY LOAN PRODUCTION OFFICE proposed by Citizens Progressive Bank, Winnsboro, Franklin Parish, LA, to be located at 3814 Cypress Street, West Monroe, Ouachita Parish, LA 71291.
Effective May 20, 2024; No Objection May 9, 2024; Filed May 1, 2024 Winnsboro State Bank & Trust Company, Winnsboro, Franklin Parish, LA, opened its RUSTON LOAN PRODUCTION OFFICE located at 300 East Reynolds Drive, Ruston, Lincoln Parish, LA 71270.
MONTHLY BULLETIN – MAY 2024 PAGE 3
LOAN PRODUCTION OFFICES (LPOs) / DEPOSIT PRODUCTION OFFICES (DPOs) / COMBINATION LPOs-DPOs – (continued) Filed/No Objection May 23, 2024 Origin Bank, Choudrant, Lincoln Parish, LA, proposes to close its FORT WALTON BEACH LOAN AND DEPOSIT PRODUCTION OFFICE located at 105 Lewis Street, Suite 103, Fort Walton Beach, Okaloosa County, FL 32547.
SUBSIDIARIES Applications No Activity
Notice-Only Effective February 12, 2024 Progressive Bank, Monroe, Ouachita Parish, LA, established a subsidiary, PBHOLDINGS, LLC, located at 114 North 19th Street, Monroe, Ouachita Parish, LA 71201.
Effective May 7, 2024 b1BANK, Baton Rouge, East Baton Rouge Parish, LA, established a subsidiary, B1 SECURITIES, LLC, located at 500 Laurel Street, Suite 101, Baton Rouge, East Baton Rouge Parish, LA 70801.
TRUST POWERS No Activity
OTHER No Activity
Any questions should be directed to Pam Skelton at (225) 922-2627.