Regulatory Alerts2023-09-01
Louisiana Office of Financial Institutions Monthly Bulletin September 2023
The Louisiana Office of Financial Institutions issued its September 2023 Monthly Bulletin to report on regulatory actions regarding state-chartered banks and holding companies. The document details the acquisition of Leesville branch assets by Merchants & Farmers Bank & Trust Company and the approval of Homeland Bancshares, Inc. to acquire Peoples Bank. Additionally, the bulletin records the opening of multiple new branches by institutions such as Citizens Bank & Trust, CLB The Community Bank, and b1BANK, alongside the relocation of State Bank & Trust Company's main office and the closure of Fidelity Bank's loan production office.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN
SEPTEMBER 2023
BANK HOLDING COMPANIES No Activity
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES Effective August 31, 2023 @ 11:59 p.m., Central Time Merchants & Farmers Bank & Trust Company, Leesville, Vernon Parish, Louisiana, purchased certain assets and assumed the liability to pay deposits in the Leesville Louisiana office of b1BANK, Baton Rouge, East Baton Rouge Parish, Louisiana.
Approved September 12, 2023 Application by Homeland Bancshares, Inc. (a Louisiana corporation), Columbia, Louisiana, to acquire 100% of the issued and outstanding shares of common stock of Peoples Bank, located in Chatham, Jackson Parish, Louisiana, pursuant to R.S. 6:351 et seq. and Section 3(a)(1) of the Bank Holding Company Act of 1956, as amended.
BRANCHES Effective September 1, 2023 Citizens Bank & Trust Company of Vivian, Louisiana, Vivian, Caddo Parish, LA, opened its BENTON ROAD BRANCH located at 623 Kingston Road, Benton, Bossier Parish, LA 71006.
Effective September 5, 2023 CLB The Community Bank, Jonesville, Catahoula Parish, LA, opened its SCOTT BRANCH located at 5543 Cameron Street, Scott, Lafayette Parish, LA 70583.
Effective September 11, 2023 b1BANK, Baton Rouge, East Baton Rouge Parish, LA, opened its MCKINNEY BANKING CENTER located at 7300 SH121 SB, Suite 120, McKinney, Collin County, TX 75070. [Originally filed without Suite 120.]
Filed/Approved September 13, 2023 Origin Bank, Choudrant, Lincoln Parish, LA, proposes to close its FORT WORTH FINANCIAL CENTER located at 500 Throckmorton Street, Suite 350, Fort Worth, Tarrant County, TX 76102.
Effective September 18, 2023 Delta Bank, Vidalia, Concordia Parish, LA, opened its BASTROP BRANCH located at 6001 Mer Rouge Road, Bastrop, Morehouse Parish, LA 71220.
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) 922-2860 MAIL ROOM FAX # (225) 925-4524 Web site: www.ofi.louisiana.gov email: ofila@ofi.louisiana.gov
MONTHLY BULLETIN - SEPTEMBER 2023
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BRANCHES (continued) Filed September 18, 2023 BRUSLY BRANCH proposed by Landmark Bank, Clinton, East Feliciana Parish, LA, to be located at 4687 Highway 1 South, Port Allen, West Baton Rouge Parish, LA 70767.
Filed September 20, 2023 SOUTHERN DALLAS BANKING CENTER proposed by b1BANK, Baton Rouge, East Baton Rouge Parish, LA, to be located at 101 North Zang Boulevard, Suite 100A, Dallas, Dallas County, TX 75208.
Filed September 25, 2023 GBT – LINCOLN CENTER proposed by Gibsland Bank & Trust Company, Gibsland, Bienville Parish, LA, to be located at 305 South Vienna Street, Ruston, Lincoln Parish, LA 71270.
CHANGES OF LOCATION/CONSOLIDATIONS Effective September 18, 2023; Approved September 11, 2023 State Bank & Trust Company, Golden Meadow, Lafourche Parish, LA, relocated its MAIN OFFICE from 1614 South Bayou Drive to 176 Washington Street (a distance of approximately 0.5 miles), both locations within Golden Meadow, Lafourche Parish, LA 70357. Required OFI and FDIC approval, so effective date represents later FDIC approval.
LOAN PRODUCTION OFFICES (LPOs) / DEPOSIT PRODUCTION OFFICES (DPOs) / COMBINATION LPOs-DPOs Effective July 31, 2023 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, closed its NEW ORLEANS PONTCHARTRAIN LOAN PRODUCTION OFFICE located at 6050 Pontchartrain Boulevard, Suites 4 and 5, New Orleans, Orleans Parish, LA 70124.
SUBSIDIARIES Applications No Activity
Notice-Only No Activity
TRUST POWERS No Activity
OTHER No Activity
Any questions should be directed to Renee LeBlanc at (225) 925-4201.