Regulatory Alerts2023-10-01
Louisiana Office of Financial Institutions Monthly Bulletin October 2023
The Louisiana Office of Financial Institutions issued its October 2023 Monthly Bulletin detailing regulatory actions for state-chartered banks and thrifts. The document reports the approval of a merger between Heritage NOLA Bancorp and M C Bancshares, alongside numerous branch openings, closures, relocations, and consolidations across Louisiana and Texas. Specific activities include the establishment of new branches by Fidelity Bank and Cross Keys Bank, the closure of a b1BANK location in Houston, and the consolidation of Origin Bank offices in Ruston.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN OCTOBER 2023
BANK HOLDING COMPANIES No Activity
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES Approved October 31, 2023 Proposed Merger of Heritage NOLA Bancorp, Inc. (a Maryland corporation), Covington, LA, with and into M C Bancshares, Inc., Morgan City, LA, and immediately thereafter, merge Heritage Bank of St. Tammany (a federal savings bank), Covington, St. Tammany Parish, LA, with and into M C Bank & Trust Company, Morgan City, St. Mary Parish, LA, under the Charter of and with the Title: M C Bank & Trust Company, domiciled in Morgan City, LA, and to establish the existing offices of Heritage Bank of St. Tammany as branches of M C Bank & Trust Company.
BRANCHES Effective September 26, 2023 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, opened its BATON ROUGE – BLUEBONNET BRANCH located at 6920 Bluebonnet Boulevard, Baton Rouge, East Baton Rouge Parish, LA 70810.
Effective October 2, 2023 Cross Keys Bank, St. Joseph, Tensas Parish, LA, opened its BOSSIER BRANCH located at 1837 Swan Lake Road, Bossier City, Bossier Parish, LA 71111. [Originally filed with the address of 1836 Swan Lake Road.]
Effective October 5, 2023 b1BANK, Baton Rouge, East Baton Rouge Parish, LA, closed its HOUSTON – HIGHWAY 3 BANKING CENTER located at 14020 Highway 3, Suite 100, Houston, Harris County, TX 77598.
Approved October 12, 2023 SOUTHERN DALLAS BANKING CENTER proposed by b1BANK, Baton Rouge, East Baton Rouge Parish, LA, to be located at 101 North Zang Boulevard, Suite 100A, Dallas, Dallas County, TX 75208.
Approved October 16, 2023 BRUSLY BRANCH proposed by Landmark Bank, Clinton, East Feliciana Parish, LA, to be located at 4687 Highway 1 South, Port Allen, West Baton Rouge Parish, LA 70767.
Filed October 19, 2023 COVINGTON BRANCH proposed by Metairie Bank & Trust Company, Covington, St. Tammany Parish, LA, to be located at 70496 LA Highway 21, Covington, St. Tammany Parish, LA 70433.
MONTHLY BULLETIN - OCTOBER 2023 PAGE 2
BRANCHES (continued) Approved October 23, 2023 GBT – LINCOLN CENTER proposed by Gibsland Bank & Trust Company, Gibsland, Bienville Parish, LA, to be located at 305 South Vienna Street, Ruston, Lincoln Parish, LA 71270.
Filed October 26, 2023 CYPRESS STREET WEST MONROE BRANCH proposed by Citizens Progressive Bank, Winnsboro, Franklin Parish, LA, to be located at 5031 Cypress Street, West Monroe, Ouachita Parish, LA 71291.
Approved October 30, 2023; Filed October 11, 2023 RUSTON BRANCH proposed by Winnsboro State Bank & Trust Company, Winnsboro, Franklin Parish, LA, to be located at 1715 Celebrity Drive, Ruston, Lincoln Parish, LA 71270.
Approved October 31, 2023; Filed October 10, 2023 VETERANS BOULEVARD BANKING CENTER proposed by Red River Bank, Alexandria, Rapides Parish, LA, to be located at 1914 Veterans Boulevard, Metairie, Jefferson Parish, LA 70005.
CHANGES OF LOCATION/CONSOLIDATIONS Effective September 22, 2023; Filed/Approved September 18, 2023 Origin Bank, Choudrant, Lincoln Parish, LA, consolidated its VIENNA BANKING CENTER located at 305 South Vienna Street with the DEPOT BANKING CENTER located at 301 West Alabama Avenue (a distance of approximately 0.4 miles), both locations within Ruston, Lincoln Parish, LA 71270.
Effective September 25, 2023 Citizens Progressive Bank, Winnsboro, Franklin Parish, LA, relocated its COLUMBIA BRANCH from 301 Main Street to 7712 Highway 165 (a distance of approximately 2 miles), both located within Columbia, Caldwell Parish, LA 71418.
LOAN PRODUCTION OFFICES (LPOs) / DEPOSIT PRODUCTION OFFICES (DPOs) / COMBINATION LPOs-DPOs Effective September 1, 2023 Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, relocated its HOUSTON LOAN PRODUCTION OFFICE from 5300 Memorial Lane, Suite 600 to 5300 Memorial Lane, Suite 620, both located within Houston, Harris County, TX 77007.
Filed/No Objection October 4, 2023 b1BANK, Baton Rouge, East Baton Rouge Parish, LA, proposes to close its METAIRIE LOAN PRODUCTION OFFICE located at 3300 West Esplanade Boulevard, Metairie, Jefferson Parish, LA 70002.
MONTHLY BULLETIN - OCTOBER 2023 PAGE 3
SUBSIDIARIES Applications No Activity
Notice-Only No Activity
TRUST POWERS No Activity
OTHER No Activity
Any questions should be directed to Renee LeBlanc at (225) 925-4201.