Regulatory Alerts2024-11-01
Monthly Bulletin — November 2024
The Louisiana Office of Financial Institutions issued its November 2024 Monthly Bulletin to report on recent regulatory actions and filings for state-chartered banks and holding companies. The document details the conversion of Fidelity Bank into a stock savings bank under parent FB Bancorp, Inc., and BOM Bank's acquisition of Texas branches from American State Bank. Additionally, it records branch closures, new openings, relocations, consolidations, and proposed changes of location for various Louisiana financial institutions.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN
NOVEMBER 2024
BANK HOLDING COMPANIES Effective October 22, 2024 FB Bancorp, Inc., New Orleans, Orleans Parish, LA, became a one-bank holding company by acquiring control of 100% of the issued and outstanding stock of Fidelity Bank, New Orleans, Orleans Parish, LA, pursuant to Section 3(a)(1) of the BHC Act of 1956, as amended.
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES Effective October 22, 2024 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, converted from a State-chartered Mutual Savings Bank to a State-chartered Stock Savings Bank under the Charter of and with the Title: Fidelity Bank, and simultaneous acquisition of Fidelity Bank by FB Bancorp, Inc., New Orleans, Orleans Parish, LA (a newly formed Maryland corporation), as its parent Holding Company.
Effective November 15, 2024 @ 5:01 p.m. BOM Bank, Natchitoches, Natchitoches Parish, Louisiana, purchased certain assets and assumed 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 75934 CONROE BRANCH – 1700 North Loop 336 West, Conroe, Montgomery County, TX 77304
BRANCHES Effective October 18, 2024 Origin Bank, Choudrant, Lincoln Parish, LA, closed its MCKINNEY BANKING CENTER located at 2550 Eldorado Parkway, McKinney, Collin County, TX 75070.
MONTHLY BULLETIN – NOVEMBER 2024 PAGE 2
BRANCHES – (continued) Effective November 20, 2024 Basile State Bank, Basile, Evangeline Parish, LA, opened its HIGHWAY 190 BRANCH located at 1617 Highway 190, Eunice, St. Landry Parish, LA 70535.
Filed/Approved November 20, 2024 Origin Bank, Choudrant, Lincoln Parish, LA, proposes to close the following branches: UNIVERSITY PARK FINANCIAL CENTER - 6925 Preston Road, Dallas, Dallas County, TX 75205 COUNTY LINE ROAD BANKING CENTER -- 1059 East County Line Road, Jackson, Hinds County, MS 39211 SYLVAN BANKING CENTER – 1808 Sylvan Avenue, Dallas, Dallas County, TX 75208 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
Filed November 25, 2024 TYLER BRANCH proposed by Cross Keys Bank, St. Joseph, Tensas Parish, LA, to be located at 4801 Old Jacksonville Highway, Tyler, Smith County, TX 75703.
CHANGES OF LOCATION/CONSOLIDATIONS Filed November 8, 2024 Southern Heritage Bank, Jonesville, Catahoula Parish, LA, proposes to relocate its OLLA OFFICE from 2512 Central Avenue to 4658 Main Street (a distance of approximately 1.0 miles), both locations within Olla, LaSalle Parish, LA 71465.
Filed/Approved November 19, 2024 BOM Bank, Natchitoches, Natchitoches Parish, LA, proposes to consolidate its LUFKIN BRANCH located at 4100 South Medford Drive, Suite 204 [75901] with the LUFKIN BRANCH located at 3001 South John Redditt Drive [75904] (a distance of approximately 0.8 miles), both locations within Lufkin, Angelina County, TX, to be known as JOHN REDDITT DRIVE BRANCH.
Filed November 26, 2024 Currency Bank, Oak Grove, West Carroll Parish, LA, proposes to interchange its MAIN OFFICE from 600 East Main Street, Oak Grove, West Carroll Parish, LA 71263 with its BATON ROUGE BRANCH located at 7054 Jefferson Highway, Suite 100, Baton Rouge, LA 70806 [a distance of approximately 198 miles], and to retain the former Main Office location as a branch to be known as OAK GROVE BRANCH.
MONTHLY BULLETIN – NOVEMBER 2024 PAGE 3
LOAN PRODUCTION OFFICES (LPOs) / DEPOSIT PRODUCTION OFFICES (DPOs) / COMBINATION LPOs-DPOs Filed November 14, 2024 AMERICAN BANK & TRUST COMPANY LOAN PRODUCTION OFFICE proposed by American Bank & Trust Company, Opelousas, St. Landry Parish, LA, to be located at 1001 Apollo Road, Scott, Lafayette Parish, LA 70583.
SUBSIDIARIES Applications No Activity
Notice-Only No Activity
TRUST POWERS No Activity
OTHER No Activity
Any questions should be directed to Pam Skelton at (225) 922-2627.