Regulatory Alerts2018-08-01
Louisiana Office of Financial Institutions Monthly Bulletin August 2018
The Louisiana Office of Financial Institutions issued its August 2018 Monthly Bulletin detailing regulatory actions for state-chartered banks and holding companies. The document approves Jonesboro Bancshares' acquisition of Jonesboro State Bank to form a one-bank holding company and authorizes new branch locations for Merchants & Farmers Bank and various loan production offices. Additionally, it records the temporary relocation of Cross Keys Bank's Rayville branch and the consolidation of Hibernia Bank's New Orleans branch with its main office.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN AUGUST 2018
BANK HOLDING COMPANIES Filed w/FRB-Dallas August 17, 2018 Application by Jonesboro Bancshares, Inc., Jonesboro, Jackson Parish, LA, to become a one-bank holding company by acquiring control of 100% of the issued and outstanding stock of Jonesboro State Bank, Jonesboro, Jackson Parish, LA, pursuant to Section 3(a)(1) of the BHC Act of 1956, as amended.
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES Filed August 17, 2018 Application by Jonesboro State Bank, Jonesboro, Jackson Parish, Louisiana, to engage in a statutory share exchange with Jonesboro Bancshares, Inc., whereby Jonesboro Bancshares, Inc., will become a one-bank holding company.
BRANCHES Filed August 28, 2018 VINTON BRANCH proposed by Merchants & Farmers Bank & Trust Company, Leesville, Vernon Parish, LA, to be located at 1707 West Highway 90, Vinton, Calcasieu Parish, LA, 70668.
CHANGES OF LOCATION/CONSOLIDATIONS Approved August 23, 2018; Filed August 8, 2018 Cross Keys Bank, St. Joseph, Tensas Parish, LA, proposes to temporarily relocate its RAYVILLE BRANCH from 1913 Julia Street to 1909 Louisa Street (a distance of approximately less than .5 mile), both locations within Rayville, Richland Parish, LA, 71269.
Effective August 24, 2018 Hibernia Bank (formerly Union Savings & Loan Association) [a State-chartered mutual savings and loan association], New Orleans, Orleans Parish, LA, consolidated its NEW ORLEANS BRANCH located at 353 Carondelet Street with its MAIN OFFICE located at 325 Carondelet Street (a distance of approximately 0.3 miles), both locations within New Orleans, Orleans Parish, LA, 70130.
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 – August 2018 PAGE 2
LOAN PRODUCTION OFFICES Effective January 25, 2018 IBERIABANK, Lafayette, Lafayette Parish, LA, opened its SARASOTA LOAN PRODUCTION OFFICE located at 1718 Main Street, Suite 101A, Sarasota, Sarasota County, FL, 34236.
Filed/Approved August 7, 2018 Crescent Bank & Trust, New Orleans, Orleans Parish, LA, proposes to close its CRESCENT BANK & TRUST ORLANDO LOAN PRODUCTION OFFICE located at 5850 T. G. Lee Boulevard, Suite 145, Orlando, Orange County, FL, 32822.
Approved August 8, 2018 GULF COAST BANK AND TRUST KNOXVILLE MORTGAGE LOAN PRODUCTION OFFICE proposed by Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, to be located at 5204 Kingston Pike, Suite 23-25, Knoxville, Knox County, TN, 37919.
Approved August 20, 2018; Filed August 6, 2018 MOSS BLUFF LOAN PRODUCTION OFFICE proposed by Sabine State Bank and Trust Company, Many, Sabine Parish, LA, to be located at 180 Gloria Drive, Suite 100, Moss Bluff, Calcasieu Parish, LA, 70611.
Approved August 20, 2018; Filed August 6, 2018 CHARLOTTE LOAN PRODUCTION OFFICE proposed by IBERIABANK, Lafayette, Lafayette Parish, LA, to be located at 6135 Park South Drive, Suite 510, Charlotte, Mecklenburg County, NC, 28210.
Approved August 21, 2018; Filed August 6, 2018 PLAQUEMINE BANK & TRUST COMPANY LOAN PRODUCTION OFFICE proposed by Plaquemine Bank & Trust Company, Plaquemine, Iberville Parish, LA, to be located at 10634 North Oak Hills Parkway, Suite B, Baton Rouge, East Baton Rouge Parish, LA, 70810.
Approved August 23, 2018; Filed August 8, 2018 GUARANTY BANK NORTH BATON ROUGE LOAN PRODUCTION OFFICE proposed by Guaranty Bank and Trust Company, New Roads, Pointe Coupee Parish, LA, to be located at 7855 Howell Boulevard, Suite 120, Baton Rouge, East Baton Rouge Parish, LA, 70807.
Filed August 27, 2018 FLOWOOD LOAN PRODUCTION OFFICE proposed by IBERIABANK, Lafayette, Lafayette Parish, LA, to be located at 232 Market Street, Suites 241-244, Flowood, Rankin County, MS, 39232.
SUBSIDIARIES No Activity
MONTHLY BULLETIN – August 2018 PAGE 3
TRUST POWERS No Activity
OTHER No Activity
Any questions should be directed to Pam Skelton at (225) 925-4661.