Regulatory Alerts2019-10-01
Louisiana Office of Financial Institutions Monthly Bulletin October 2019
The Louisiana Office of Financial Institutions issued its October 2019 Monthly Bulletin to report on regulatory actions regarding bank mergers, branch activities, and loan production offices. The document details the merger of First State Bank into BOM Bank and the approved merger of Union Bancshares into First Guaranty Bancshares, alongside numerous branch openings, closures, and relocations by institutions such as IBERIABANK and Crescent Bank & Trust. Additionally, the bulletin records the opening, closing, and relocation of various loan production offices across multiple states, including Louisiana, Mississippi, and Florida.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN OCTOBER 2019
BANK HOLDING COMPANIES No Activity
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES Effective September 30, 2019 @ 5:02 p.m. First State Bank (a Texas State-chartered Bank), Hemphill, Sabine County, Texas, merged with and into BOM Bank, Natchitoches, Natchitoches Parish, Louisiana, under the Charter of and with the Title: BOM Bank, domiciled in Natchitoches, Louisiana, and established the existing sole office of First State Bank as a branch of BOM Bank.
Approved October 10, 2019 Proposed Merger of Union Bancshares, Inc., Marksville, Avoyelles Parish, LA, with and into First Guaranty Bancshares, Inc., Hammond, Tangipahoa Parish, LA, and immediately thereafter, to merge The Union Bank, Marksville, Avoyelles Parish, LA, with and into First Guaranty Bank, Hammond, Tangipahoa Parish, LA, under the Charter of and with the Title: First Guaranty Bank, domiciled in Hammond, Tangipahoa Parish, LA, and to establish the existing offices of The Union Bank as branches of First Guaranty Bank.
BRANCHES Effective July 18, 2018 IBERIABANK, Lafayette, Lafayette Parish, LA, relocated its GREENVILLE BRANCH from 105 North Spring Street, Suite 1635 to 110 East Court Street, Suite 101 (a distance of approximately 0.3 miles), both locations within Greenville, Greenville County, SC 29601.
Effective September 27, 2019 Crescent Bank & Trust, New Orleans, Orleans Parish, LA, closed its COVINGTON BRANCH located at 50 Louis Prima Drive, Covington, St. Tammany Parish, LA 70433.
Effective September 30, 2019 Red River Bank, Alexandria, Rapides Parish, LA, opened its COVINGTON BANKING CENTER located at 70561 Highway 21, Covington, St. Tammany Parish, LA 70433.
MONTHLY BULLETIN –OCTOBER 2019 PAGE 2
BRANCHES – (continued) Effective September 30, 2019 Crescent Bank & Trust, New Orleans, Orleans Parish, LA, opened its NORTH SHORE BRANCH located at 1810 North Causeway Boulevard, Suite 3, Mandeville, St. Tammany Parish, LA 70471.
Effective October 1, 2019 Guaranty Bank and Trust Company of Delhi, Delhi, Richland Parish, LA, opened its MONROE BRANCH located at 1220 North 18th Street, Monroe, Ouachita Parish, LA 71201.
Effective October 15, 2019 Concordia Bank and Trust Company, Vidalia, Concordia Parish, LA, opened its WILLOW GROVE BRANCH located at 8200 Village Plaza Court, Suite 3A, Baton Rouge, East Baton Rouge Parish, LA 70810.
Filed October 17, 2019 LAFAYETTE BRANCH proposed by The Cottonport Bank, Cottonport, Avoyelles Parish, LA, to be located at 1921 Kaliste Saloom Road, Suite 203B, Lafayette, Lafayette Parish, LA 70508.
Filed/Approved October 18, 2019 Gulf Coast Bank, Abbeville, Vermilion Parish, LA, proposes to close its WEST CONGRESS BRANCH located at 711 West Congress Street, Lafayette, Lafayette Parish, LA 70501.
Approved October 22, 2019 LAFAYETTE BRANCH proposed by Catahoula-LaSalle Bank, Jonesville, Catahoula Parish, LA, to be located at 2701 Johnston Street, Suite 101, Lafayette, Lafayette Parish, LA 70503.
Effective October 28, 2019 The Bank, Jennings, Jefferson Davis Parish, LA, opened its RAYNE OFFICE located at 1012 The Boulevard, Rayne, Acadia Parish, LA 70578.
CHANGES OF LOCATION/CONSOLIDATIONS Effective September 16, 2019 IBERIABANK, Lafayette, Lafayette Parish, LA, relocated its GREENSBORO BRANCH from 804 Green Valley Road, Suite 102 to 1429 Westover Terrace (a distance of approximately 0.3 miles), both locations within Greensboro, Guilford County, NC 27408.
LOAN PRODUCTION OFFICES Effective January 10, 2017 IBERIABANK, Lafayette, Lafayette Parish, LA, opened its BATON ROUGE ATRIUM LOAN PRODUCTION OFFICE located at 5555 Hilton Avenue, Suite 420, Baton Rouge, East Baton Rouge Parish, LA 70808.
MONTHLY BULLETIN –OCTOBER 2019 PAGE 3
LOAN PRODUCTION OFFICES – (continued) Effective January 3, 2018 IBERIABANK, Lafayette, Lafayette Parish, LA, closed its OLIVE LOAN PRODUCTION OFFICE located at 6253 Goodman Road, Suite C, Olive Branch, DeSoto County, MS 38654.
Effective June 1, 2018 IBERIABANK, Lafayette, Lafayette Parish, LA, opened its MARION LOAN PRODUCTION OFFICE located at 98 Block Street, Suite B, Marion, Crittenden County, AR 72364.
Effective August 28, 2018 IBERIABANK, Lafayette, Lafayette Parish, LA, opened its CHARLOTTE LOAN PRODUCTION OFFICE located at 6135 Park South Drive, Suite 510, Charlotte, Mecklenburg County, NC 28210.
Effective September 10, 2018 IBERIABANK, Lafayette, Lafayette Parish, LA, relocated its SARASOTA LOAN PRODUCTION OFFICE from 1718 Main Street, Suite 101A [34236] to 1215 East Avenue South, Suite 104 [34239], both located within Sarasota, Sarasota County, FL.
Effective September 1, 2019 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, relocated its MCCOMB LOAN PRODUCTION OFFICE from 403 Apache Drive [39649] to 299 Apache Drive, Suite A [39648], both located within McComb, Pike County, MS.
Effective September 20, 2019 IBERIABANK, Lafayette, Lafayette Parish, LA, closed its HOUMA LOAN PRODUCTION OFFICE located at 1403 St. Charles Street, Houma, Terrebonne Parish, LA 70360.
Effective September 26, 2019 Red River Bank, Alexandria, Rapides Parish, LA, closed its COVINGTON LOAN PRODUCTION OFFICE located at 217 North Vermont Street, Covington, St. Tammany Parish, LA 70433, due to the opening of its COVINGTON BANKING CENTER (see above).
Effective September 27, 2019 Crescent Bank & Trust, New Orleans, Orleans Parish, LA, closed its CRESCENT BANK & TRUST NASHVILLE LOAN PRODUCTION OFFICE located at 402 BNA Drive, Suite 409, Nashville, Davidson County, TN 37217.
Effective September 30, 2019 IBERIABANK, Lafayette, Lafayette Parish, LA, closed its DENHAM SPRINGS LOAN PRODUCTION OFFICE located at 133 Aspen Square, Suite H, Denham Springs, Livingston Parish, LA 70726.
MONTHLY BULLETIN –OCTOBER 2019 PAGE 4
LOAN PRODUCTION OFFICES – (continued) Effective September 30, 2019 Crescent Bank & Trust, New Orleans, Orleans Parish, LA, close its CRESCENT BANK & TRUST MONROE LOAN PRODUCTION OFFICE located at 1401 Hudson Lane, Suite 228, Monroe, Ouachita Parish, LA 71201.
Withdrawn October 9, 2019 ATLANTA LOAN PRODUCTION OFFICE proposed by IBERIABANK, Lafayette, Lafayette Parish, LA, to be located at 3414 Peachtree Road, N.E., Suite 720, Atlanta, Fulton County, GA 30326.
Effective October 10, 2019 Catahoula-LaSalle Bank, Jonesville, Catahoula Parish, LA, opened its LAFAYETTE LOAN PRODUCTION OFFICE located at 2701 Johnston Street, Suite 101, Lafayette, Lafayette Parish, LA 70508.
Effective October 15, 2019 Concordia Bank and Trust Company, Vidalia, Concordia Parish, LA, closed its SOUTH BATON ROUGE LOAN PRODUCTION OFFICE located at 8200 Village Plaza Court, Suite 3A, Baton Rouge, East Baton Rouge Parish, LA 70810, due to the opening of its WILLOW GROVE BRANCH (see above).
Filed/Approved October 24, 2019 Guaranty Bank and Trust Company of Delhi, Delhi, Richland Parish, LA, proposes to close its GUARANTY BANK AND TRUST COMPANY OF DELHI LOAN PRODUCTION OFFICE located at 2101 Tower Drive, Monroe, Ouachita Parish, LA 71201.
Filed/Approved October 30, 2019 Crescent Bank & Trust, New Orleans, Orleans Parish, LA, proposes to close its CRESCENT BANK & TRUST TACOMA LOAN PRODUCTION OFFICE located at 33801 1st Way South, Suite 211, Federal Way, King County, WA 98003.
Filed/Approved October 30, 2019 Crescent Bank & Trust, New Orleans, Orleans Parish, LA, proposes to close its CRESCENT BANK & TRUST ST. LOUIS LOAN PRODUCTION OFFICE located at 2190 South Mason Road, Suite 311, St. Louis, St. Louis County, MO 63131.
SUBSIDIARIES No Activity
TRUST POWERS No Activity
MONTHLY BULLETIN –OCTOBER 2019 PAGE 5
OTHER No Activity
Any questions should be directed to Pam Skelton at (225) 925-4661.