Regulatory Alerts2023-06-01
Louisiana Office of Financial Institutions Monthly Bulletin June 2023
The Louisiana Office of Financial Institutions issued its June 2023 Monthly Bulletin detailing regulatory actions for state-chartered banks and trust companies. Key approvals include the merger of Peoples Bancshares into Synergy Bancshares and the asset purchase application by Merchants & Farmers Bank & Trust Company. The bulletin also records branch openings, closures, relocations, and the establishment of new loan production offices across multiple states.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN
JUNE 2023
BANK HOLDING COMPANIES No Activity
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES Effective June 24, 2022 Crescent Bank & Trust, New Orleans, Orleans Parish, LA, changed its name to Crescent Bank.
Approved June 1, 2023 Proposed merger of Peoples Bancshares of Pointe Coupee Parish, Inc., New Roads, Pointe Coupee Parish, LA, with and into Synergy Bancshares, Incorporated, Houma, Terrebonne Parish, LA, and immediately thereafter, to merge The Peoples Bank and Trust Company of Pointe Coupee Parish, Louisiana, New Roads, Pointe Coupee Parish, LA, with and into Synergy Bank, Houma, Terrebonne Parish, LA, under the Charter of and with the Title: Synergy Bank, domiciled in Houma, Terrebonne Parish, LA, and to establish the existing offices of The Peoples Bank and Trust Company of Pointe Coupee, Louisiana, as branches of Synergy Bank.
Filed June 7, 2023 Application by Merchants & Farmers Bank & Trust Company, Leesville, Vernon Parish, Louisiana, for consent to purchase certain assets and assume the liability to pay deposits in the Leesville Louisiana office of b1BANK, Baton Rouge, East Baton Rouge Parish, Louisiana.
BRANCHES Filed June 6, 2023 BENTON ROAD BRANCH proposed by Citizens Bank & Trust Company of Vivian, Louisiana, Vivian, Caddo Parish, LA, to be located at 623 Kingston Road, Benton, Bossier Parish, LA 71006.
Effective June 26, 2023 M C Bank & Trust Company, Morgan City, St. Mary Parish, LA, opened its COVINGTON BRANCH located at 509 North Highway 190, Covington, St. Tammany Parish, LA 70433. [Originally filed with the address 501 North Highway 190.]
Filed/Approved June 30, 2023 b1BANK, Baton Rouge, East Baton Rouge Parish, LA, proposes to close its HOUSTON – HIGHWAY 3 BANKING CENTER located at 14020 Highway 3, Suite 100, Houston, Harris County, TX 77598.
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 – JUNE 2023 PAGE 2
CHANGES OF LOCATION/CONSOLIDATIONS Effective May 30, 2023 CLB The Community Bank, Jonesville, Catahoula Parish, LA, relocated its HOLLOWAY BRANCH from 12749 Highway 28 East, Suite D to 12810 Highway 28 East (a distance of approximately 0.2 miles), both locations within Pineville, Rapides Parish, LA 71360.
LOAN PRODUCTION OFFICES (LPOs) / DEPOSIT PRODUCTION OFFICES (DPOs) / COMBINATION LPOs-DPOs Effective October 4, 2022 Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, opened its GULF COAST BANK KLC FINANCIAL LOAN PRODUCTION OFFICE located at 3514 County Road 101, Minnetonka, Hennepin County, MN 55345. [Originally filed with the name KLC Financial – Minnetonka Loan Production Office.]
Filed June 9, 2023 CITY BANK & TRUST COMPANY LOAN PRODUCTION OFFICE proposed by City Bank & Trust Company, Natchitoches, Natchitoches Parish, LA, to be located at 212 West Virginia, Suite 10, McKinney, Collin County, TX 75013.
Filed June 13, 2023 LOUISVILLE 4TH STREET LOAN PRODUCTION OFFICE proposed by Liberty Bank and Trust Company, New Orleans, Orleans Parish, LA, to be located at 1200 4th Street, Louisville, Jefferson County, KY 40203.
Filed/No Objection June 22, 2023 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, proposes to close its NEW ORLEANS PONTCHARTRAIN LOAN PRODUCTION OFFICE located at 6050 Pontchartrain Boulevard, Suites 4 and 5, New Orleans, Orleans Parish, LA 70124.
Filed/No Objection June 23, 2023 Origin Bank, Choudrant, Lincoln Parish, LA, proposes to close its GRAPEVINE LOAN PRODUCTION OFFICE located at 204 West Nash Street, Grapevine, Tarrant County, TX 76051.
SUBSIDIARIES Applications No Activity
Notice-Only No Activity
TRUST POWERS No Activity
MONTHLY BULLETIN – JUNE 2023 PAGE 3
OTHER No Activity
Any questions should be directed to Renee LeBlanc at (225) 922-0633.