Regulatory Alerts2021-07-01
Louisiana Office of Financial Institutions Monthly Bulletin July 2021
The Louisiana Office of Financial Institutions issued its July 2021 Monthly Bulletin detailing regulatory actions regarding bank holding companies, branches, and production offices. Key approvals included BOA Financial Corporation becoming a one-bank holding company through a statutory share exchange with Bank of Abbeville & Trust Company. The bulletin also recorded applications for asset purchases, new branch locations, and the closure or relocation of various banking facilities and loan production offices across Louisiana and Texas.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN
JULY 2021
BANK HOLDING COMPANIES Effective July 1, 2021 BOA Financial Corporation, Abbeville, Vermilion Parish, LA, became 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 July 1, 2021 @ 12:01 a.m. Bank of Abbeville & Trust Company, Abbeville, Vermilion Parish, Louisiana, engaged in a statutory share exchange with BOA Financial Corporation, whereby BOA Financial Corporation became a one-bank holding company.
Filed July 21, 2021 Application by Caldwell Bank and Trust Company, Columbia, Caldwell Parish, Louisiana, for consent to purchase certain assets and assume the liability to pay deposits in the Oak Grove, Louisiana office of b1BANK, Baton Rouge, East Baton Rouge Parish, Louisiana.
BRANCHES Filed July 15, 2021 MOSS BLUFF BRANCH proposed by Lakeside Bank, Lake Charles, Calcasieu Parish, LA, to be located at 372 Sam Houston Jones Parkway, Moss Bluff, Calcasieu Parish, LA 70611.
Filed July 27, 2021 BATON ROUGE – HIGHLAND ROAD BANKING CENTER proposed by b1BANK, Baton Rouge, East Baton Rouge Parish, LA, to be located at 19980 Highland Road, Baton Rouge, East Baton Rouge Parish, LA 70809.
Filed/Approved July 28, 2021 b1BANK, Baton Rouge, East Baton Rouge Parish, LA, proposes to close its BATON ROUGE – PERKINS ROAD BANKING CENTER located at 10725 Perkins Road, Baton Rouge, East Baton Rouge Parish, LA 70810.
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 – JULY 2021 PAGE 2
CHANGES OF LOCATION/CONSOLIDATIONS Approved July 16, 2021 JD Bank, Jennings, Jefferson Davis Parish, LA, proposes to relocate its MCNEESE BRANCH from 4100 Ryan Street to 119 West Sale Road (a distance of approximately 128 feet), both locations within Lake Charles, Calcasieu Parish, LA 70605.
LOAN PRODUCTION OFFICES (LPOs) / DEPOSIT PRODUCTION OFFICES (DPOs) / COMBINATION LPOs-DPOs No Objection July 13, 2021 NORTH SHORE LOAN PRODUCTION OFFICE proposed by b1BANK, Baton Rouge, East Baton Rouge Parish, LA, to be located at 1437 West Causeway Approach, Mandeville, St. Tammany Parish, LA 70471.
Filed July 26, 2021 MIDWAY LOAN AND DEPOSIT PRODUCTION OFFICE proposed by Origin Bank, Choudrant, Lincoln Parish, LA, to be located at 13601 Midway Road, Farmers Branch, Dallas County, TX 75244.
Filed/No Objection July 29, 2021 Bank of Zachary, Zachary, East Baton Rouge Parish, LA, proposes to close its BANK OF ZACHARY LOAN PRODUCTION OFFICE located at 348 Veterans Boulevard, Denham Springs, Livingston Parish, LA 70726.
Filed/No Objection July 29, 2021 Origin Bank, Choudrant, Lincoln Parish, LA, proposes to close its NORTH RICHLAND HILLS MORTGAGE LOAN PRODUCTION OFFICE located at 6613 Precinct Line Road, North Richland Hills, Tarrant County, TX 76182.
SUBSIDIARIES No Activity
TRUST POWERS No Activity
OTHER No Activity
Any questions should be directed to Pam Skelton at (225) 925-4661.