Regulatory Alerts2017-11-01
Monthly Bulletin — November 2017
The Louisiana Office of Financial Institutions issued its November 2017 Monthly Bulletin to report on various banking regulatory actions including approvals, filings, and effective dates. The document details the formation of one-bank holding companies for Lakeside Bancshares and MBT Bancshares, alongside proposed mergers involving Gibraltar Private Bank & Trust and Minden Bancorp. It also records numerous operational changes such as the opening and closing of branches and loan production offices, relocations of main offices, and the establishment of new subsidiaries by entities like Investar Bank and Community Bank of Louisiana.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN NOVEMBER 2017
BANK HOLDING COMPANIES Approved November 9, 2017 Application by Lakeside Bank, Lake Charles, Calcasieu Parish, Louisiana, to engage in a statutory share exchange with Lakeside Bancshares, Inc., whereby Lakeside Bancshares, Inc., will become a one-bank holding company.
Approved November 9, 2017 Application by Metairie Bank & Trust Company, Metairie, Jefferson Parish, Louisiana, to engage in a statutory share exchange with MBT Bancshares, Inc., whereby MBT Bancshares, Inc., will become a one-bank holding company.
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES Filed November 17, 2017 Proposed Merger of Gibraltar Private Bank & Trust Company (a Federal Savings Association), Coral Gables, Miami-Dade County, Florida, with and into IBERIABANK, Lafayette, Lafayette Parish, Louisiana, under the Charter of and with the Title: IBERIABANK, domiciled in Lafayette, Louisiana, and to establish the existing offices of Gibraltar Private Bank & Trust Company as branches of IBERIABANK.
Approved November 27, 2017 Proposed Merger of Minden Bancorp, Inc., Minden, Webster Parish, LA, with and into Business First Bancshares, Inc., Baton Rouge, East Baton Rouge Parish, LA, and immediately thereafter, to merge MBL Bank, Minden, Webster Parish, LA, with and into Business First Bank, Baton Rouge, East Baton Rouge Parish, LA, under the Charter of and with the Title: Business First Bank, domiciled in Baton Rouge, East Baton Rouge Parish, LA, and to establish the existing offices of MBL Bank as branches of Business First Bank.
BRANCHES Effective June 5, 2017 Investar Bank, Baton Rouge, East Baton Rouge Parish, LA, opened its GONZALES BRANCH located at 525 East New River Road, Gonzales, Ascension Parish, LA, 70737.
Effective June 14, 2017 Southern Heritage Bank, Jonesville, Catahoula Parish, LA, opened its ALEXANDRIA DOWNTOWN OFFICE located at 701 Fourth Street, Alexandria, Rapides Parish, LA, 71301.
MONTHLY BULLETIN – NOVEMBER 2017 PAGE 2
BRANCHES – (continued) Effective June 29, 2017 Investar Bank, Baton Rouge, East Baton Rouge Parish, LA, opened its ELMWOOD BRANCH located at 5360 Mounes Street, Harahan, Jefferson Parish, LA, 70123.
Effective July 14, 2017 Origin Bank, Choudrant, Lincoln Parish, LA, closed its PLANO BANKING CENTER located at 2432 Preston Road, Suite 330, Plano, Collin County, TX, 75093.
Effective September 20, 2017 Red River Bank, Alexandria, Rapides Parish, LA, opened its STONEWALL BANKING CENTER located at 571 Highway 171, Stonewall, DeSoto Parish, LA, 71078.
Effective November 13, 2017 Farmers-Merchants Bank & Trust Company, Breaux Bridge, St. Martin Parish, LA, opened its PINHOOK BRANCH located at 2110 West Pinhook Road, Lafayette, Lafayette Parish, LA, 70508.
Filed November 27, 2017 MID-CITY BRANCH proposed by IBERIABANK, Lafayette, Lafayette Parish, LA, to be located at 4011 Canal Street, New Orleans, Orleans Parish, LA, 70119.
Approved November 28, 2017; Filed November 8, 2017 HARAHAN BRANCH proposed by Union Savings & Loan Association (a State-chartered mutual savings and loan association), New Orleans, Orleans Parish, LA, to be located at 8384 Jefferson Highway, Harahan, Jefferson Parish, LA, 70123.
CHANGES OF LOCATION/CONSOLIDATIONS Effective October 31, 2016 The Cottonport Bank, Cottonport, Avoyelles Parish, LA, relocated its MAIN OFFICE from 153 Cottonport Avenue to 942 Bryan Street (a distance of approximately 0.1 miles), both locations within Cottonport, Avoyelles Parish, LA, 71327.
Effective September 5, 2017 Resource Bank, Covington, St. Tammany Parish, LA, relocated its BATON ROUGE OFFICE from 4317 Bluebonnet Boulevard, Suite B to 9513 Jefferson Highway (a distance of approximately 0.3 miles), both locations within Baton Rouge, East Baton Rouge Parish, LA, 70809.
Effective September 25, 2017 Crescent Bank & Trust, New Orleans, Orleans Parish, LA, relocated its OPERATIONS CENTER BRANCH from 5401 Jefferson Highway, Suite D, Harahan [70123] to 2121 Airline Drive, Suite 400, Metairie [70001] (a distance of approximately 3.5 miles), both locations within Jefferson Parish, LA.
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LOAN PRODUCTION OFFICES Effective May 1, 2017 Fidelity Bank [a State-chartered Savings Bank], New Orleans, Orleans Parish, LA, relocated its PENSACOLA LOAN PRODUCTION OFFICE from 223 West Gregory Street to 25 West Cedar Street, Suite 500, both located within Pensacola, Escambia County, FL, 32502.
Effective October 11, 2017 Citizens Bank & Trust Company of Vivian, Louisiana, Vivian, Caddo Parish, LA, closed its BOSSIER LOAN PRODUCTION OFFICE located at 1628 Benton Road, Bossier City, Bossier Parish, LA, 71111.
Approved November 2, 2017 DENHAM SPRINGS LOAN PRODUCTION OFFICE proposed by IBERIABANK, Lafayette, Lafayette Parish, LA, to be located at 133 Aspen Square, Suite H, Denham Springs, Livingston Parish, LA, 70726.
Filed/Approved November 15, 2017 Crescent Bank & Trust, New Orleans, Orleans Parish, LA, proposes to close its CRESCENT BANK & TRUST CINCINNATI LOAN PRODUCTION OFFICE located at 1329 East Kemper Road, Suite 4220, Cincinnati, Hamilton County, OH, 45246.
Filed/Approved November 15, 2017 Crescent Bank & Trust, New Orleans, Orleans Parish, LA, proposes to close its CRESCENT BANK & TRUST CHICAGO LOAN PRODUCTION OFFICE located at 1 Dearborn Square, Suite 655, Kankakee, Kankakee County, IL, 60901.
Filed/Approved November 27, 2017 Fidelity Bank [a State-chartered Savings Bank], New Orleans, Orleans Parish, LA, proposes to relocate its PICAYUNE LOAN PRODUCTION OFFICE from 219 Telly Road, Suite A to 1620 U. S. Highway 11 North, Suite D, both located within Picayune, Pearl River County, MS, 39466.
Filed November 29, 2017 GULF COAST BANK AND TRUST DENHAM SPRINGS SOUTH MORTGAGE LOAN PRODUCTION OFFICE proposed by Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, to be located at 1234 Del Este Avenue, Building 3, Suite 302, Denham Springs, Livingston Parish, LA, 70726.
Filed/Approved November 30, 2017 Patterson State Bank, Patterson, St. Mary Parish, LA, proposes to close its PATTERSON STATE BANK LOAN PRODUCTION OFFICE located at 1819 West Pinhook Road, Suite 230, Lafayette, Lafayette Parish, LA, 70508.
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LOAN PRODUCTION OFFICES – (continued) Filed/Approved November 30, 2017 Patterson State Bank, Patterson, St. Mary Parish, LA, proposes to close its PATTERSON STATE BANK LOAN PRODUCTION OFFICE located at 594 Asbury Drive, Suite B, Mandeville, St. Tammany Parish, LA, 70471.
Filed/Approved November 30, 2017 Patterson State Bank, Patterson, St. Mary Parish, LA, proposes to close its PATTERSON STATE BANK LOAN PRODUCTION OFFICE located at 3300 West Esplanade Avenue, Suite 120, Metairie, Jefferson Parish, LA, 70002.
SUBSIDIARIES Effective October 13, 2017 Investar Bank, Baton Rouge, East Baton Rouge Parish, LA, established a subsidiary, INVESTAR CRA, LLC, located at 10500 Coursey Boulevard, Baton Rouge, East Baton Rouge Parish, LA, 70816.
Approved November 28, 2017 Community Bank of Louisiana, Mansfield, DeSoto Parish, LA, proposes to establish a subsidiary, COMMUNITY INSURANCE CENTER, L.L.C., to be located at 118 Jefferson Street, Mansfield, DeSoto Parish, LA, 71052.
TRUST POWERS No Activity
OTHER No Activity
Any questions should be directed to Pam Skelton at (225) 925-4661.