Regulatory Alerts2018-04-01
Louisiana Office of Financial Institutions Monthly Bulletin April 2018
The Louisiana Office of Financial Institutions issued its April 2018 Monthly Bulletin to report on regulatory actions regarding state-chartered banks, thrifts, and credit unions. The document details the effective merger of Gibraltar Private Bank & Trust Company into IBERIABANK and the approved acquisition of Hibernia Bancorp, Inc. by Union Savings & Loan Association. It also records various operational changes including branch openings, closures, relocations, and the establishment of new loan production offices across Louisiana and other states.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN
APRIL 2018
BANK HOLDING COMPANIES No Activity
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES Effective March 23, 2018 @ 6:00 p.m., Eastern Time Gibraltar Private Bank & Trust Company (a Federal Savings Association), Coral Gables, Miami-Dade County, Florida, merged with and into IBERIABANK, Lafayette, Lafayette Parish, Louisiana, under the Charter of and with the Title: IBERIABANK, domiciled in Lafayette, Louisiana, and established the existing offices of Gibraltar Private Bank & Trust Company as branches of IBERIABANK.
Approved April 6, 2018 Proposed acquisition of Hibernia Bancorp, Inc., New Orleans, LA, by means of a merger with Union Acquisition Corporation, a wholly-owned subsidiary of Union Savings & Loan Association; subsequent liquidation of Hibernia Bancorp, Inc.; and immediately thereafter, to merge Hibernia Bank, New Orleans, Orleans Parish, LA, with and into Union Savings & Loan Association, New Orleans, Orleans Parish, LA, under the Charter of and with the Title: Union Savings & Loan Association, domiciled in New Orleans, Orleans Parish, LA, and to establish the existing offices of Hibernia Bank as branches of Union Savings & Loan Association.
BRANCHES Effective December 29, 2017 Gulf Coast Bank, Abbeville, Vermilion Parish, LA, closed its EVANGELINE THRUWAY BRANCH located at 1229 Northwest Evangeline Thruway, Lafayette, Lafayette Parish, LA, 70501.
Filed/Approved April 10, 2018 IBERIABANK, Lafayette, Lafayette Parish, LA, proposes to close its MEDLEY BRANCH located at 10209 NW 116th Way, Medley, Miami-Dade County, FL, 33178.
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) 925-2592 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 – APRIL 2018 PAGE 2
BRANCHES (continued) Effective April 16, 2018 Red River Bank, Alexandria, Rapides Parish, LA, opened its LAKE STREET BANKING CENTER located at 4112 Lake Street, Suite 200, Lake Charles, Calcasieu Parish, LA, 70605. [Originally filed with the address of Suite 400.]
CHANGES OF LOCATION/CONSOLIDATIONS Approved April 6, 2018 Union Savings & Loan Association, New Orleans, Orleans Parish, LA, proposes to relocate its MAIN OFFICE from 353 Carondelet Street to 325 Carondelet Street (a distance of approximately 0.3 miles), both locations within New Orleans, Orleans Parish, Louisiana, 70130, and to retain the former Main Office location as a branch to be known as NEW ORLEANS BRANCH.
Filed April 30, 2018 Sabine State Bank and Trust Company, Many, Sabine Parish, LA, proposes to relocate its LEESVILLE DRIVE-IN BRANCH from 2200B South 5th Street to 1340 Boone Street (a distance of approximately 0.5 miles), both locations within Leesville, Vernon Parish, LA, 71446, to be known as LEE HILLS BRANCH.
LOAN PRODUCTION OFFICES Effective April 9, 2018 Red River Bank, Alexandria, Rapides Parish, LA, closed its LAKE CHARLES LOAN PRODUCTION OFFICE located at 1400 Market Street, Lake Charles, Calcasieu Parish, LA, 70601, due to the opening of its LAKE STREET BANKING CENTER (see above).
Filed April 10, 2018 GULF COAST BANK AND TRUST PHOENIX FACTORING LOAN PRODUCTION OFFICE, proposed by Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, to be located at 8707 East Vista Bonita, Suites 230, 240, and 250, Scottsdale, Maricopa County, AZ, 85255.
Filed/Approved April 11, 2018 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, proposes to relocate its SHREVEPORT 2 LOAN PRODUCTION OFFICE from 7591 Fern Avenue, Suite 1202 [71105] to 9242 Ellerbe Road, Suite 100 [71106] (a distance of approximately 3.6 miles), both located within Shreveport, Caddo Parish, LA.
Approved April 30, 2018; Filed April 20, 2018 DERIDDER LOAN PRODUCTION OFFICE proposed by Lakeside Bank, Lake Charles, Calcasieu Parish, LA, to be located at 1509 North Pine Street, Suite D, DeRidder, Beauregard Parish, LA, 70634.
MONTHLY BULLETIN – APRIL 2018 PAGE 3
SUBSIDIARIES Effective/Approved April 6, 2018 Union Savings & Loan Association, New Orleans, Orleans Parish, LA, established a subsidiary, Union Acquisition Corporation, located at 353 Carondelet Street, New Orleans, Orleans Parish, LA, 70130.
TRUST POWERS No Activity
OTHER No Activity
Any questions should be directed to Pam Skelton at (225) 925-4661.