Regulatory Alerts2024-12-01
Louisiana Office of Financial Institutions Monthly Bulletin December 2024
The Louisiana Office of Financial Institutions issued its December 2024 Monthly Bulletin detailing regulatory actions regarding state-chartered banks and trust companies. The document records the acknowledgment of InclusiveBank as a proposed de novo institution and lists several branch openings and office relocations that were filed or approved in mid-December. Additionally, the bulletin notes the issuance of no-objection letters for two new loan production offices and confirms no activity for bank holding companies, subsidiaries, or trust powers.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN
DECEMBER 2024
BANK HOLDING COMPANIES No Activity
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES Acknowledged December 10, 2024 INCLUSIVEBANK, a proposed “de novo” State-chartered commercial bank, to be located at 1100 South Carrollton Avenue, New Orleans, Orleans Parish, LA 70118.
BRANCHES Closed File December 10, 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 December 10, 2024 MORGANFIELD BRANCH proposed by The Evangeline Bank & Trust Company, Ville Platte, Evangeline Parish, LA to be located at 3101 East McNeese Street, Lake Charles, Calcasieu Parish, LA 70607.
Approved December 17, 2024 PINEVILLE BRANCH proposed by Exchange Bank & Trust Company, Natchitoches, Natchitoches Parish, LA, to be located at 3580 Highway 28 East, Pineville, Rapides Parish, LA 71360.
CHANGES OF LOCATION/CONSOLIDATIONS Approved December 17, 2024 Southern Heritage Bank, Jonesville, Catahoula Parish, LA, proposes to relocate its OLLA OFFICE from 2512 Central Avenue to 4658 Main Street (a distance of approximately 1.0 miles), both locations within Olla, LaSalle Parish, LA 71465.
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 FAX # (225) 922-2860 MAIL ROOM FAX # (225) 925-4524 WEB SITE: www.ofi.la.gov EMAIL: ofila@ofi.la.gov
MONTHLY BULLETIN – DECEMBER 2024
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CHANGES OF LOCATION/CONSOLIDATIONS (continued) Filed December 9, 2024 First American Bank and Trust, Vacherie, St. James Parish, LA, proposes to relocate its NORCO OFFICE from 903 1st Street to 941 1st Street (a distance of approximately 197 feet), both locations within Norco, St. Charles Parish, LA 70079.
Filed December 12, 2024 M C Bank & Trust Company, Morgan City, St. Mary Parish, LA, proposes to relocate its MAIN OFFICE from 1201 Brashear Avenue to 1204 Greenwood Street (a distance of approximately 0.2 miles), both locations within Morgan City, St. Mary Parish, LA 70380.
Approved December 19, 2024 Currency Bank, Oak Grove, West Carroll Parish, LA, proposes to interchange its MAIN OFFICE from 600 East Main Street, Oak Grove, West Carroll Parish, LA 71263 with its BATON ROUGE BRANCH located at 7054 Jefferson Highway, Suite 100, Baton Rouge, LA 70806 [a distance of approximately 198 miles], and to retain the former Main Office location as a branch to be known as OAK GROVE BRANCH.
LOAN PRODUCTION OFFICES (LPOs) / DEPOSIT PRODUCTION OFFICES (DPOs) / COMBINATION LPOs-DPOs No Objection December 5, 2024 AMERICAN BANK & TRUST COMPANY LOAN PRODUCTION OFFICE proposed by American Bank & Trust Company, Opelousas, St. Landry Parish, LA, to be located at 1001 Apollo Road, Scott, Lafayette Parish, LA 70583.
No Objection December 23, 2024 LAFAYETTE LOAN PRODUCTION OFFICE proposed by St. Landry Bank and Trust Company, Opelousas, St. Landry Parish, LA, to be located at 3861 Ambassador Caffery Parkway, Lafayette, Lafayette Parish, LA 70503.
SUBSIDIARIES Applications No Activity
Notice-Only No Activity
TRUST POWERS No Activity
MONTHLY BULLETIN – DECEMBER 2024
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OTHER No Activity
Any questions should be directed to Pam Skelton at (225) 922-2627.