Regulatory Alerts2019-07-01
Louisiana Office of Financial Institutions Monthly Bulletin July 2019
The Louisiana Office of Financial Institutions issued its July 2019 Monthly Bulletin to report regulatory actions regarding state-chartered banks and thrifts. The document details specific transactions including the acquisition of Business First Bank's Mangham office by Winnsboro State Bank, Investar Bank's conversion to a National Association, and numerous branch openings, closures, and relocations across Louisiana and neighboring states. It also records the establishment and termination of various loan production offices and pending applications for new banking centers.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN
JULY 2019
BANK HOLDING COMPANIES No Activity
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES Effective June 28, 2019 @ 5:01 p.m. Winnsboro State Bank & Trust Company, Winnsboro, Franklin Parish, Louisiana, purchased certain assets and assumed the liability to pay deposits in the Mangham, Louisiana office of Business First Bank, Baton Rouge, East Baton Rouge Parish, Louisiana.
Effective July 1, 2019 Investar Bank, Baton Rouge, East Baton Rouge Parish, LA, converted from a State-Chartered Bank to a National Banking Association, with the Title: Investar Bank, National Association.
BRANCHES Effective June 17, 2019 Business First Bank, Baton Rouge, East Baton Rouge Parish, LA, opened its SULPHUR BANKING CENTER located at 1530 Maplewood Drive, Suite A, Sulphur, Calcasieu Parish, LA 70663. [Originally filed with the name Sulphur Branch.]
Effective July 1, 2019 IBERIABANK, Lafayette, Lafayette Parish, LA, closed its INVERNESS BRANCH located at 1777 West Main Street, Inverness, Citrus County, FL 34450.
Effective July 1, 2019 Origin Bank, Choudrant, Lincoln Parish, LA, opened its COUNTY LINE ROAD BANKING CENTER located at 1059 East County Line Road, Jackson, Hinds County, MS 39211.
Approved July 2, 2019 COVINGTON BANKING CENTER proposed by Red River Bank, Alexandria, Rapides Parish, LA, to be located at 70561 Highway 21, Covington, St. Tammany Parish, LA 70433.
Filed/Approved July 16, 2019 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, proposes to close its BENSON TOWER BRANCH located at 1450 Poydras Street, Suite 100, New Orleans, Orleans Parish, LA 70112.
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 – JULY 2019 PAGE 2
BRANCHES - (continued) Approved July 18, 2019 LAFAYETTE MARKET BANKING CENTER proposed by Business First Bank, Baton Rouge, East Baton Rouge Parish, LA, to be located at 1201 Camellia Boulevard, Suite 100, Lafayette, Lafayette Parish, LA 70508.
Filed July 22, 2019 MIAMI CRA BRANCH proposed by IBERIABANK, Lafayette, Lafayette Parish, LA, to be located at 1951 NW 7th Avenue, Miami, Miami-Dade County, FL 33136.
Filed July 24, 2019 MOSS BLUFF BRANCH proposed by Sabine State Bank and Trust Company, Many, Sabine Parish, LA, to be located at 164 Sam Houston Jones Parkway, Lake Charles, Calcasieu Parish, LA 70611.
Approved July 29, 2019; Filed July 2, 2019 HEATH BANKING CENTER proposed by Business First Bank, Baton Rouge, East Baton Rouge Parish, LA, to be located at 1629 Smirl Drive, Heath, Rockwall County, TX 75032.
CHANGES OF LOCATION/CONSOLIDATIONS Approved July 10, 2019 Concordia Bank and Trust Company, Vidalia, Concordia Parish, LA, proposes to relocate its FERRIDAY BRANCH from 201 Louisiana Avenue to 212 North EE Wallace Boulevard (a distance of approximately 0.2 miles), both locations within Ferriday, Concordia Parish, LA 71334.
LOAN PRODUCTION OFFICES Effective March 27, 2017 Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, opened its GULF COAST BANK MANDEVILLE MORTGAGE LOAN PRODUCTION OFFICE located at 1131 North Causeway Boulevard, Suite 216, Mandeville, St. Tammany Parish, LA 70471.
Effective March 31, 2019 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA closed its FLOWOOD LOAN PRODUCTION OFFICE located at 254 Katherine Drive, Suite C, Flowood, Rankin County, MS 39232.
Effective March 31, 2019 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, closed its BURLESON LOAN PRODUCTION OFFICE located at 124 South Main Street, Suite 228, Burleson, Johnson County, TX 76028.
MONTHLY BULLETIN – JULY 2019 PAGE 3
LOAN PRODUCTION OFFICES – (continued) Effective March 31, 2019 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, closed its COVINGTON LOAN PRODUCTION OFFICE located at 70457 Highway 21, Suite 105, Covington, St. Tammany Parish, LA 70461.
Effective March 31, 2019 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, closed its ORANGE BEACH LOAN PRODUCTION OFFICE located at 4776 Main Street, Orange Beach, Baldwin County, AL 36561.
Effective March 31, 2019 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, closed its PICAYUNE LOAN PRODUCTION OFFICE located at 1620 U.S. Highway 11 North, Suite D, Picayune, Pearl River County, MS 39466.
Effective March 31, 2019 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, closed its SLIDELL LOAN PRODUCTION OFFICE located at 2053 Gause Boulevard East, Suite 250, Slidell, St. Tammany Parish, LA 70461.
Effective June 30, 2019 Sabine State Bank and Trust Company, Many, Sabine Parish, LA, closed its MOSS BLUFF LOAN PRODUCTION OFFICE located at 180 Gloria Drive, Suite 100, Moss Bluff, Calcasieu Parish, LA 70611.
Filed July 24, 2019 LAFAYETTE LOAN PRODUCTION OFFICE proposed by Catahoula-LaSalle Bank, Jonesville, Catahoula Parish, LA, to be located at 2701 Johnston Street, Suite 101, Lafayette, Lafayette Parish, LA 70508.
SUBSIDIARIES No Activity
TRUST POWERS No Activity
OTHER No Activity
Any questions should be directed to Pam Skelton at (225) 925-4661.