Regulatory Alerts2024-07-01
Louisiana Office of Financial Institutions Monthly Bulletin July 2024
The Louisiana Office of Financial Institutions issued its July 2024 Monthly Bulletin detailing regulatory actions regarding bank mergers, branch activities, and production offices. The document records the proposed merger of Oakwood Bancshares into Business First Bancshares and the approval of BOM Bank's acquisition of specific American State Bank branches in Texas. Additionally, it lists Origin Bank's closure and opening of facilities in Texas and Mississippi, Fidelity Bank's relocation and closure of loan production offices, and new proposals for loan production offices by Gulf Coast Bank and Cross Keys Bank.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN
JULY 2024
BANK HOLDING COMPANIES No Activity
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES Filed July 18, 2024 Proposed Merger of Oakwood Bancshares, Inc. (a Texas corporation), Dallas, TX, with and into Business First Bancshares, Inc., Baton Rouge, LA, and immediately thereafter, merge Oakwood Bank (a Texas state-chartered bank), Dallas, Dallas County, TX, with and into b1BANK, Baton Rouge, East Baton Rouge Parish, LA, under the Charter of and with the Title: b1BANK, domiciled in Baton Rouge, LA, and to establish the existing offices of Oakwood Bank as branches of b1BANK.
Approved July 18, 2024 Application by BOM Bank, Natchitoches, Natchitoches Parish, Louisiana for consent to purchase certain assets and assume the liability to pay deposits in the following Texas branches of American State Bank, Arp, Smith County, Texas: HASLAM BRANCH – 13218 U S Highway 84 East, Joaquin, Shelby County, TX 75954 TIMPSON BRANCH – 830 North 1st Street, Timpson, Shelby County, TX 75975 CENTER BRANCH – 163 Cascaid Street, Center, Shelby County, TX 75935 LUFKIN BRANCH – 3001 South John Redditt Drive, Lufkin, Angelina County, TX 75904 LUFKIN OPERATIONS BRANCH - 1601 South Chestnut Street, Lufkin, Angelina County, TX 75901 HUNTINGTON BRANCH – 304 Highway 69 South, Huntington, Angelina County, TX 75949 CHESTER BRANCH – 113 Cade Street, Chester, Tyler County, TX 75936 CONROE BRANCH – 1700 North Loop 336 West, Conroe, Montgomery County, TX 77304
BRANCHES Filed/Approved July 2, 2024 Origin Bank, Choudrant, Lincoln Parish, LA, proposes to close its MCKINNEY BANKING CENTER located at 2550 Eldorado Parkway, McKinney, Collin County, TX 75070.
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 FAX # (225) 922-2860 MAIL ROOM FAX # (225) 925-4524 Web Site: www.ofi.la.gov email: ofila@ofi.la.gov
MONTHLY BULLETIN – JULY 2024 PAGE 2
BRANCHES (continued) Effective July 16, 2024 Origin Bank, Choudrant, Lincoln Parish, LA, opened its BRANDON BANKING CENTER located at 1450 West Government Street, Brandon, Rankin County, MS 39042.
CHANGES OF LOCATION/CONSOLIDATIONS No Activity
LOAN PRODUCTION OFFICES (LPOs) / DEPOSIT PRODUCTION OFFICES (DPOs) / COMBINATION LPOs-DPOs Effective May 24, 2024 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, relocated its SHREVEPORT 2 LOAN PRODUCTION OFFICE from 9242 Ellerbe Road, Suite 100 to 670 Albermarle Drive, Suite 1303, both located within Shreveport, Caddo Parish, LA 71106.
Effective July 2, 2024; Filed/No Objection July 3, 2024 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, closed its NICEVILLE LOAN PRODUCTION OFFICE located at 4591 Highway 20 East, Suite 202-C, Niceville, Okaloosa County, FL 32578.
Effective July 16, 2024 Origin Bank, Choudrant, Lincoln Parish, LA, closed its BRANDON LOAN AND DEPOSIT PRODUCTION OFFICE at 1450 West Government Street, Brandon, Rankin County, MS 39042, due to the opening of its BRANDON BANKING CENTER (see above).
Filed July 19, 2024 LOOKOUT CAPITAL LOAN PRODUCTION OFFICE proposed by Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, to be located at 807 Cherry Street, Unit C-3, Chattanooga, Hamilton County, TN 37402.
Filed July 24, 2024 TYLER LOAN PRODUCTION OFFICE proposed by Cross Keys Bank, St. Joseph, Tensas Parish, LA, to be located at 4801 Old Jacksonville Highway, Tyler, Smith County, TX 75703.
SUBSIDIARIES Applications No Activity
Notice-Only No Activity
MONTHLY BULLETIN – JULY 2024 PAGE 3
TRUST POWERS No Activity
OTHER No Activity
Any questions should be directed to Pam Skelton at (225) 922-2627.