Regulatory Alerts2021-05-01
Louisiana Office of Financial Institutions Monthly Bulletin May 2021
The Louisiana Office of Financial Institutions issued its May 2021 Monthly Bulletin detailing regulatory approvals and filings for state-chartered financial entities. The document records Axxess Partners' acquisition of Delta Bancshares and Commerce Community Bank, alongside various branch openings, closures, relocations, and new loan production office proposals. Specific actions include the opening of branches by MC Bank & Trust and JD Bank, the closure of a South Lafourche Bank & Trust location, and the proposed relocation of Community Bank of Louisiana's Many branch.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN
MAY 2021
BANK HOLDING COMPANIES Effective May 7, 2021 @ 5:02 p.m.; Approved May 4, 2021 Axxess Partners, Inc. (a Louisiana corporation), Baton Rouge, Louisiana, acquired 100% of the issued and outstanding shares of common stock of Delta Bancshares of Louisiana, Inc., and thereby acquired its subsidiary, Commerce Community Bank, both located in Oak Grove, West Carroll Parish, Louisiana, pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956, as amended.
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES No Activity
BRANCHES Effective April 30, 2021 South Lafourche Bank & Trust Company, Larose, Lafourche Parish, LA, closed its CUT OFF BRANCH located at 15069 East Main Street, Cut Off, Lafourche Parish, LA 70345.
Effective May 10, 2021 M C Bank & Trust Company, Morgan City, St. Mary Parish, LA, opened its LAKEVIEW BRANCH located at 851 Harrison Avenue, New Orleans, Orleans Parish, LA 70124. [Originally filed with the zip code of 70002.]
Approved May 14, 2021 SHREVEPORT BRANCH proposed by City Bank & Trust Company, Natchitoches, Natchitoches Parish, LA, to be located at 8989 Ellerbe Road, Shreveport, Caddo Parish, LA 71106.
Approved May 14, 2021 TOLEDO OFFICE proposed by Community Bank of Louisiana, Mansfield, DeSoto Parish, LA, to be located at 12054 Texas Highway, Many, Sabine Parish, LA 71449.
Effective May 17, 2021 JD Bank, Jennings, Jefferson Davis Parish, LA, opened its JOHNSTON STREET OFFICE located at 3600 Johnston Street, Lafayette, Lafayette Parish, LA 70503.
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 # (225) 925-2860 MAIL ROOM FAX # (225) 925-4524 Web Site: www.ofi.la.gov email: ofila@ofi.la.gov
MONTHLY BULLETIN – MAY 2021 PAGE 2
BRANCHES – (continued) Filed/Approved May 26, 2021 b1BANK, Baton Rouge, East Baton Rouge Parish, LA, proposes to close its MINDEN EAST-HOMER ROAD BANKING CENTER located at 1222 Homer Road, Minden, Webster Parish, LA 71058.
Filed May 28, 2021 MINDEN BROADWAY STREET BRANCH proposed by Gibsland Bank & Trust Company, Gibsland, Bienville Parish, LA, to be located at 714 Broadway Street, Minden, Webster Parish, LA 71055.
CHANGES OF LOCATION/CONSOLIDATIONS Approved May 14, 2021 Community Bank of Louisiana proposes to relocate its MANY BRANCH from 795 San Antonio Avenue to 540 San Antonio Avenue (a distance of approximately 0.1 miles), both locations within Many, Sabine Parish, LA 71449.
LOAN PRODUCTION OFFICES (LPOs) / DEPOSIT PRODUCTION OFFICES (DPOs) / COMBINATION LPOs-DPOs Filed May 13, 2021 RUSTON LOAN PRODUCTION OFFICE proposed by b1BANK, Baton Rouge, East Baton Rouge Parish, LA, to be located at 2102 Floyd Park Drive, Ruston, Lincoln Parish, LA 71270.
No Objection May 14, 2021 LUFKIN LOAN AND DEPOSIT PRODUCTION OFFICE proposed by BOM Bank, Natchitoches, Natchitoches Parish, LA, to be located at 4100 South Medford Drive, Suite 204, Lufkin, Angelina County, TX 75901.
SUBSIDIARIES No Activity
TRUST POWERS No Activity
OTHER No Activity
Any questions should be directed to Pam Skelton at (225) 925-4661.