Regulatory Alerts2022-09-01
Monthly Bulletin — September 2022
The Louisiana Office of Financial Institutions issued its September 2022 Monthly Bulletin to report on various banking activities and regulatory approvals. The document details the merger of Tri-State Bank into Liberty Bank and Trust Company, the acquisition of assets by Delta Bank, and the establishment of new branches and loan production offices by Origin Bank, Resource Bank, and Gulf Coast Bank. Additionally, the bulletin records the proposed closures of branches by Evangeline Bank & Trust Company and Cottonport Bank, as well as location relocations for Origin Bank and Merchants & Farmers Bank & Trust Company.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN SEPTEMBER 2022
BANK HOLDING COMPANIES No Activity
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES Effective October 8, 2021 @ 6:00 p.m. Tri-State Bank of Memphis (a Tennessee banking institution), Memphis, Shelby County, TN, merged with and into Liberty Bank and Trust Company, New Orleans, Orleans Parish, LA, under the Charter of and with the Title: Liberty Bank and Trust Company, domiciled in New Orleans, Orleans Parish, LA, and established the sole office of Tri-State Bank of Memphis as a branch of Liberty Bank and Trust Company.
Effective January 21, 2022 @ 5:00 p.m. Delta Bank, Vidalia, Concordia Parish, Louisiana, purchased certain assets and assumed the liability to pay deposits in the Vicksburg, Mississippi office of Home Bank, National Association, Lafayette, Lafayette Parish, Louisiana.
BRANCHES Approved September 8, 2022 SOUTHLAKE BANKING CENTER proposed by Origin Bank, Choudrant, Lincoln Parish, LA, to be located at 1110 East Southlake Boulevard, Southlake, Tarrant County, TX 76092.
Filed September 9, 2022 THE TCHOUPITOULAS BRANCH proposed by Resource Bank, Covington, St. Tammany Parish, LA, to be located at 5100 Tchoupitoulas Street, New Orleans, Orleans Parish, LA 70115.
Filed/Approved September 20, 2022 The Evangeline Bank & Trust Company, Ville Platte, Evangeline Parish, LA, proposes to close its MASONIC DRIVE BRANCH located at 3355 Masonic Drive, Alexandria, Rapides Parish, LA 71301.
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) 922-2592 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 – SEPTEMBER 2022 PAGE 2
BRANCHES – (continued) Filed/Approved September 23, 2022 The Cottonport Bank, Cottonport, Avoyelles Parish, LA, proposes to close its BORDELONVILLE BRANCH located at 4418 Louisiana Highway 451, Bordelonville, Avoyelles Parish, LA 71320.
CHANGES OF LOCATION/CONSOLIDATIONS Approved September 8, 2022 Origin Bank, Choudrant, Lincoln Parish, LA, proposes to relocate its PRESTON BANKING CENTER from 6124 Berkshire Lane to 8411 Preston Road (a distance of approximately 361 feet), both locations with Dallas, Dallas County, TX 75225.
Filed September 12, 2022 Merchants & Farmers Bank & Trust Company, Leesville, Vernon Parish, LA, proposes to relocate its VINTON BRANCH from 1400 Fancher Street to 1401 Loree Street (a distance of approximately 0.3 miles), both locations within Vinton, Calcasieu Parish, LA 70668.
LOAN PRODUCTION OFFICES (LPOs) / DEPOSIT PRODUCTION OFFICES (DPOs) / COMBINATION LPOs-DPOs Filed September 16, 2022 BRANDON LOAN AND DEPOSIT PRODUCTION OFFICE proposed by Origin Bank, Choudrant, Lincoln Parish, LA, to be located at 1450 West Government Street, Brandon, Rankin County, MS 39042.
Filed September 19, 2022 GULF COAST BANK KLC FINANCIAL LPO proposed by Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, to be located at 3514 County Road 101, Minnetonka, Hennepin County, MN 55345.
SUBSIDIARIES Applications
Notice-Only Effective August 9, 2022 Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, established a subsidiary, N50US, LLC, located at 200 Saint Charles Avenue, New Orleans, Orleans Parish, LA 70130.
MONTHLY BULLETIN – SEPTEMBER 2022 PAGE 3
SUBSIDIARIES – (continued) Notice-Only – (continued) Effective August 10, 2022 Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, established a subsidiary, KLC FINANCIAL, LLC, located at 3514 County Road 101, Minnetonka, Hennepin County, MN 55345.
TRUST POWERS No Activity
OTHER No Activity
Any questions should be directed to Pam Skelton at (225) 922-2627.