Regulatory Alerts2021-03-01
Louisiana Office of Financial Institutions Monthly Bulletin March 2021
The Louisiana Office of Financial Institutions issued its March 2021 Monthly Bulletin to report on various banking transactions including bank holding company acquisitions and credit union mergers. The document details specific regulatory actions such as the closure of several bank branches, the opening of new locations in Texas and Arkansas, and applications for limited trust powers. It also records the relocation of a branch within Louisiana and the establishment of new loan and deposit production offices.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN MARCH 2021
BANK HOLDING COMPANIES Filed March 10, 2021 Application by Axxess Partners, Inc. (a Louisiana corporation), Baton Rouge, Louisiana, to acquire 100% of the issued and outstanding shares of common stock of Delta Bancshares of Louisiana, Inc., and thereby acquire its subsidiary, Commerce Community Bank, both located in Oak Grove, West Carroll Parish, Louisiana, pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956, as amended.
Filed w/FRB-Atlanta March 19, 2021 Application by BOA Financial Corporation, Abbeville, Vermilion Parish, LA, to become a one-bank holding company by acquiring control of 100% of the issued and outstanding stock of Bank of Abbeville & Trust Company, Abbeville, Vermilion Parish, LA, pursuant to Section 3(a)(1) of the BHC Act of 1956, as amended.
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES Effective January 1, 2021 Loup Employees Credit Union, Convent, St. James Parish, LA, merged with and into Louisiana Federal Credit Union, LaPlace, St. John the Baptist Parish, LA.
Filed March 23, 2021 Application by Bank of Abbeville & Trust Company, Abbeville, Vermilion Parish, Louisiana, to engage in a statutory share exchange with BOA Financial Corporation, whereby BOA Financial Corporation, will become a one-bank holding company.
BRANCHES Effective February 12, 2021 CLB The Community Bank, Jonesville, Catahoula Parish, LA, closed its OLLA BRANCH located at 2628 Central Avenue, Olla, La Salle Parish, LA 71465.
Filed/Approved March 3, 2021 South Lafourche Bank & Trust Company, Larose, Lafourche Parish, LA, proposes to close its CUTO OFF BRANCH located at 15069 East Main Street, Cut Off, Lafourche Parish, LA 70345.
Approved March 3, 2021 STERLINGTON ROAD BRANCH proposed by Citizens Progressive Bank, Winnsboro, Franklin Parish, LA, to be located at 4370 Sterlington Road, Monroe, Ouachita Parish, LA 71203.
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 – MARCH 2021 PAGE 2
BRANCHES – (continued) Effective March 10, 2021 b1BANK, Baton Rouge, East Baton Rouge Parish, LA, opened its FRISCO BANKING CENTER located at 3010 Gaylord Parkway, Suite 140, Frisco, Collin County, TX 75034.
Filed March 11, 2021 HAMBURG BRANCH proposed by Commercial Capital Bank, Delhi, Richland Parish, LA, to be located at 104 East Parker Street, Hamburg, Ashley County, AR 71646.
Filed March 25, 2021 BOSSIER BRANCH proposed by City Bank & Trust Company, Natchitoches, Natchitoches Parish, LA, to be located at 4630 East Texas Street, Bossier City, Bossier Parish, LA 71111.
Filed March 25, 2021 SHREVEPORT BRANCH proposed by City Bank & Trust Company, Natchitoches, Natchitoches Parish, LA, to be located at 8989 Ellerbe Road, Shreveport, Caddo Parish, LA 71106.
CHANGES OF LOCATION/CONSOLIDATIONS Filed March 31, 2021 Community Bank of Louisiana proposes to relocate its MANY BRANCH from 795 San Antonio Avenue to 540 San Antonio Avenue (a distance of approximately 0.1 miles), both locations within Many, Sabine Parish, LA 71449.
LOAN PRODUCTION OFFICES (LPOs) / DEPOSIT PRODUCTION OFFICES (DPOs) / COMBINATION LPOs-DPOs Effective February 26, 2021 Lakeside Bank, Lake Charles, Calcasieu Parish, LA, closed its DERIDDER LOAN PRODUCTION OFFICE located at 1509 North Pine Street, Suite B, DeRidder, Beauregard Parish, LA 70634.
Filed March 1, 2021 AMERICAN BANK & TRUST COMPANY LOAN AND DEPOSIT PRODUCTION OFFICE proposed by American Bank & Trust Company, Covington, St. Tammany Parish, LA, to be located at 4401 Veterans Boulevard, Suite 202, Metairie, Jefferson Parish, LA 70006.
SUBSIDIARIES No Activity
TRUST POWERS Filed March 4, 2021 b1BANK, Baton Rouge, East Baton Rouge Parish, LA, has filed an application requesting permission to exercise Limited Trust Powers.
MONTHLY BULLETIN – MARCH 2021 PAGE 3
OTHER No Activity
Any questions should be directed to Pam Skelton at (225) 925-4661.