Regulatory Alerts2018-03-01
Louisiana Office of Financial Institutions Monthly Bulletin March 2018
The Louisiana Office of Financial Institutions issued its March 2018 bulletin detailing regulatory actions for state-chartered banks and thrifts. The document reports the merger of Ouachita Independent Bank into BancorpSouth Bank and outlines proposed mergers involving Evergreen Bancshares and Capital Bancorp. Additionally, it records the opening of new branches by Union Savings & Loan Association, Red River Bank, Business First Bank, IBERIABANK, and Gibsland Bank & Trust Company, alongside various loan production office closures and relocations.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN MARCH 2018
BANK HOLDING COMPANIES No Activity
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES Effective January 15, 2018 @ 11:59 p.m., Central Time Ouachita Independent Bank, Monroe, Ouachita Parish, LA, merged with and into BancorpSouth Bank (a Mississippi state bank), Tupelo, Lee County, MS, under the Charter of and with the Title: BancorpSouth Bank, domiciled in Tupelo, MS, and established the existing offices of Ouachita Independent Bank as branches of BancorpSouth Bank.
Filed March 2, 2018 Proposed Merger of Evergreen Bancshares, Inc., (an Arkansas corporation), Crossett, Arkansas, with and into Capital Bancorp, Inc., Delhi, Louisiana, and immediately thereafter, to merge First State Bank (an Arkansas State-chartered Bank), Crossett, Ashley County, Arkansas, and into Commercial Capital Bank, Delhi, Richland Parish, Louisiana, under the Charter of and with the Title: Commercial Capital Bank, domiciled in Delhi, Richland Parish, Louisiana, and to establish the existing offices of First State Bank as branches of Commercial Capital Bank.
BRANCHES Effective February 20, 2018 Union Savings & Loan Association (a State-chartered mutual savings and loan association), New Orleans, Orleans Parish, LA, opened its HARAHAN BRANCH located at 8384 Jefferson Highway, Harahan, Jefferson Parish, LA, 70123.
Approved March 5, 2018 LAKE STREET BANKING CENTER proposed by Red River Bank, Alexandria, Rapides Parish, LA, to be located at 4112 Lake Street, Suite 400, Lake Charles, Calcasieu Parish, LA, 70605.
Approved March 5, 2018 METAIRIE ROAD BANKING CENTER proposed by Business First Bank, Baton Rouge, East Baton Rouge Parish, LA, to be located at 2328 Metairie Road, Suite 100, Metairie, Jefferson Parish, LA, 70001.
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.louisiana.gov email: ofila@ofi.louisiana.gov
MONTHLY BULLETIN – MARCH 2018 PAGE 2
BRANCHES – (continued) Approved March 23, 2018; Filed March 2, 2018 HARRISON BRANCH proposed by IBERIABANK, Lafayette, Lafayette Parish, LA, to be located at 301 Harrison Avenue, New Orleans, Orleans Parish, LA, 70124.
Approved March 26, 2018 LINE AVENUE BRANCH proposed by Gibsland Bank & Trust Company, Gibsland, Bienville Parish, LA, to be located at 3400 Line Avenue, Shreveport, Caddo Parish, LA, 71106.
CHANGES OF LOCATION/CONSOLIDATIONS No Activity
LOAN PRODUCTION OFFICES Effective December 15, 2017 Crescent Bank & Trust, New Orleans, Orleans Parish, LA, closed its CRESCENT BANK & TRUST CINCINNATI LOAN PRODUCTION OFFICE located at 1329 East Kemper Road, Suite 4220, Cincinnati, Hamilton County, OH, 45246.
Effective December 15, 2017 Crescent Bank & Trust, New Orleans, Orleans Parish, LA, closed its CRESCENT BANK & TRUST CHICAGO LOAN PRODUCTION OFFICE located at 1 Dearborn Square, Suite 655, Kankakee, Kankakee County, IL, 60901.
Effective December 31, 2017 Patterson State Bank, Patterson, St. Mary Parish, LA, closed its PATTERSON STATE BANK LOAN PRODUCTION OFFICE located at 1819 West Pinhook Road, Suite 230, Lafayette, Lafayette Parish, LA, 70508.
Approved March 13, 2018 BILOXI LOAN PRODUCTION OFFICE proposed by Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, to be located at 2432-A Pass Road, Biloxi, Harrison County, MS, 39531.
Filed/Approved March 26, 2018 Crescent Bank & Trust, New Orleans, Orleans Parish, LA, proposes to close its CRESCENT BANK & TRUST BIRMINGHAM LOAN PRODUCTION OFFICE located at 3021 Lorna Road, Suite 206, Hoover, Jefferson County, AL, 35216.
Filed/Approved March 26, 2018 Crescent Bank & Trust, New Orleans, Orleans Parish, LA, proposes to relocate its CRESCENT BANK & TRUST BATON ROUGE LOAN PRODUCTION OFFICE from 7290 Bluebonnet Boulevard, Suite 600 [70810] to 4000 South Sherwood Forest Boulevard, Suite 1000 [70816], both located within Baton Rouge, East Baton Rouge Parish, LA.
MONTHLY BULLETIN – MARCH 2018 PAGE 3
SUBSIDIARIES No Activity
TRUST POWERS No Activity
OTHER No Activity
Any questions should be directed to Pam Skelton at (225) 925-4661.