Regulatory Alerts2025-03-01
Louisiana Office of Financial Institutions Monthly Bulletin March 2025
The Louisiana Office of Financial Institutions issued its March 2025 Monthly Bulletin detailing regulatory actions regarding bank branches, loan production offices, and subsidiaries. Currency Bank received approval to purchase assets and assume deposits from specific b1BANK branches in Louisiana, while Origin Bank, First Guaranty Bank, and Gulf Coast Bank executed multiple branch closures and consolidations. Additionally, Exchange Bank & Trust Company and Gulf Coast Bank opened new branches and loan production offices, and Community Bank of Louisiana established a new subsidiary.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN MARCH 2025
BANK HOLDING COMPANIES No Activity
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES Approved March 31, 2025; Filed March 10, 2025 Application by Currency Bank, Baton Rouge, East Baton Rouge Parish, Louisiana, for consent to purchase certain assets and assume the liability to pay deposits in the following branches of b1BANK, Baton Rouge, East Baton Rouge Parish, Louisiana: KAPLAN BANKING CENTER – 201 North Cushing Avenue, Kaplan, Vermilion Parish, LA 70548 KAPLAN DRIVE THRU BANKING CENTER – 200 North Faye Avenue, Kaplan, Vermilion Parish, LA 70548
BRANCHES Effective February 27, 2025 Origin Bank, Choudrant, Lincoln Parish, LA, closed the following branches: UNIVERSITY PARK FINANCIAL CENTER – 6925 Preston Road, Dallas, Dallas County, TX 75205 SYLVAN BANKING CENTER – 1808 Sylvan Avenue, Dallas, Dallas County, TX 75208
Effective February 28, 2025 Origin Bank, Choudrant, Lincoln Parish, LA, closed the following branches: COUNTY LINE ROAD BANKING CENTER – 1059 East County Line Road, Jackson, Hinds County, MS 39211 MIDWAY BANKING CENTER – 13601 Midway Road, Farmers Branch, Dallas County, TX 75244 UNIVERSITY BANKING CENTER – 1011 Cooktown Road, Ruston, Lincoln Parish, LA 71270 PLANO BANKING CENTER – 1801 Preston Road, Suite C, Plano, Collin County, TX 75093
Effective March 7, 2025 First Guaranty Bank, Hammond, Tangipahoa Parish, LA, closed its PINEVILLE BANKING CENTER located at 40 Pinecrest Drive, Pineville, Rapides Parish, LA 71360.
Effective March 7, 2025 First Guaranty Bank, Hammond, Tangipahoa Parish, LA, closed its MONTPELIER BRANCH located at 35651 Louisiana Highway 16, Montpelier, St. Helena Parish, LA 70422.
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 FAX # (225) 922-2860 MAIL ROOM FAX # (225) 925-4524 Web Site: www.ofi.la.gov email: ofila@ofi.la.gov
MONTHLY BULLETIN – MARCH 2025 PAGE 2
BRANCHES-(continued) Effective March 7, 2025 First Guaranty Bank, Hammond, Tangipahoa Parish, LA, closed its HAYNESVILLE BANKING CENTER located at 10065 Highway 79, Haynesville, Claiborne Parish, LA 71038.
Effective March 14, 2025 Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, closed its ELMWOOD CITRUS BRANCH (Temporary) located at 5700 Citrus Boulevard, Harahan, Jefferson Parish, LA 70123.
Effective March 17, 2025 Exchange Bank & Trust Company, Natchitoches, Natchitoches Parish, LA, opened its PINEVILLE BRANCH located at 3580 Highway 28 East, Pineville, Rapides Parish, LA 71360.
Effective March 17, 2025 Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, opened its ELMWOOD BRANCH located at 1208 Elmwood Park Boulevard, Jefferson, Jefferson Parish, LA 70123.
Approved March 19, 2025 LOCKPORT BRANCH proposed by South Lafourche Bank & Trust Company, Larose, Lafourche Parish, LA, to be located at 813 Crescent Avenue, Lockport, Lafourche Parish, LA 70374.
CHANGES OF LOCATION/CONSOLIDATIONS Effective March 7, 2025 First Guaranty Bank, Hammond, Tangipahoa Parish, LA, consolidated its MARKSVILLE BANKING CENTER located at 305 North Main Street with the MARKSVILLE-TUNICA BANKING CENTER located at 211 East Tunica Drive (a distance of approximately 0.4 miles), both locations within Marksville, Avoyelles Parish, LA 71351.
LOAN PRODUCTION OFFICES (LPOs) / DEPOSIT PRODUCTION OFFICES (DPOs) / COMBINATION LPOs-DPOs Effective February 24, 2025 St. Landry Bank and Trust Company, Opelousas, St. Landry Parish, LA, opened its LAFAYETTE LOAN PRODUCTION OFFICE located at 3861 Ambassador Caffery Parkway, Suite 610, Lafayette, Lafayette Parish, LA 70503. [Originally filed with the address 3861 Ambassador Caffery Parkway.]
Effective February 28, 2025 Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, closed its GULF COAST BANK AND TRUST SAN ANTONIO LOAN PRODUCTION OFFICE located at 401 East Sonterra Boulevard, Suite 324, San Antonio, Bexar County, TX 78258.
MONTHLY BULLETIN – MARCH 2025 PAGE 3
LOAN PRODUCTION OFFICES (LPOs) / DEPOSIT PRODUCTION OFFICES (DPOs) / COMBINATION LPOs-DPOs – (continued) Effective March 17, 2025 Exchange Bank & Trust Company, Natchitoches, Natchitoches Parish, LA, closed its EXCHANGE BANK LOAN PRODUCTION OFFICE located at 3580 Highway 28 East, Pineville, Rapides Parish, LA 71360, due to the opening of its PINEVILLE BRANCH (see above).
No Objection March 31, 2025 ALLIED FINANCIAL ATLANTA LOAN PRODUCTION OFFICE proposed by Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, to be located at 5591 Chamblee Dunwoody Road, Suite 210, Atlanta, Dekalb County, GA 30338.
SUBSIDIARIES Applications No Activity
Notice-Only Effective August 1, 2024 Community Bank of Louisiana, Mansfield, DeSoto Parish, LA, established a subsidiary, CBL INVESTMENTS, LLC, located at 118 Jefferson Street, Mansfield, DeSoto Parish, LA 71052.
Effective January 24, 2025 Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, established a subsidiary, ALLIED FINANCIAL, L.L.C., located at 5591 Chamblee Dunwoody Road, Suite 210, Atlanta, Dekalb County, GA 30338.
TRUST POWERS No Activity
OTHER No Activity
Any questions should be directed to Pam Skelton at (225) 922-2627.