Regulatory Alerts2018-02-01
Louisiana Office of Financial Institutions Monthly Bulletin February 2018
The Louisiana Office of Financial Institutions issued its February 2018 Monthly Bulletin to report on regulatory actions regarding bank mergers, branch openings, and location changes. Key transactions included the effective merger of St. Martin Bancshares into Home Bancorp and the consolidation of five Louisiana banks into Pedestal Bank. The bulletin also details the opening of new branches and loan production offices by institutions such as American Bank & Trust and Gulf Coast Bank, alongside proposed closures and relocations by entities like Business First Bank and Union Savings & Loan Association.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN FEBRUARY 2018
BANK HOLDING COMPANIES No Activity
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES Effective December 6, 2017 @ 7:01 p.m., Central Time St. Martin Bancshares, Inc., St. Martinville, St. Martin Parish, LA, merged with and into Home Bancorp, Inc. (a Louisiana Corporation), Lafayette, Lafayette Parish, LA, and immediately thereafter, merged St. Martin Bank & Trust Company, St. Martinville, St. Martin Parish, LA, with and into Home Bank, National Association (a national bank), Lafayette, Lafayette Parish, LA, under the Charter of and with the Title: Home Bank, National Association, domiciled in Lafayette, Lafayette Parish, LA, and established the existing offices of St. Martin Bank & Trust Company as branches of Home Bank, National Association.
Approved February 5, 2018 Proposed Merger of Gibraltar Private Bank & Trust Company (a Federal Savings Association), Coral Gables, Miami-Dade County, Florida, with and into IBERIABANK, Lafayette, Lafayette Parish, Louisiana, under the Charter of and with the Title: IBERIABANK, domiciled in Lafayette, Louisiana, and to establish the existing offices of Gibraltar Private Bank & Trust Company as branches of IBERIABANK.
Filed February 16, 2018 Proposed acquisition of Hibernia Bancorp, Inc., New Orleans, LA, by means of a merger with Union Acquisition Corporation, a wholly-owned subsidiary of Union Savings & Loan Association; subsequent liquidation of Hibernia Bancorp, Inc.; and immediately thereafter, to merge Hibernia Bank, New Orleans, Orleans Parish, LA, with and into Union Savings & Loan Association, New Orleans, Orleans Parish, LA, under the Charter of and with the Title: Union Savings & Loan Association, domiciled in New Orleans, Orleans Parish, LA, and to establish the existing offices of Hibernia Bank as branches of Union Savings & Loan Association.
Effective February 19, 2018 @ 11:59 pm Coastal Commerce Bank, Houma, Terrebonne Parish, LA, City Savings Bank & Trust Company, DeRidder, Beauregard Parish, LA, Kaplan State Bank, Kaplan, Vermilion Parish, LA, Teche Bank and Trust Company, St. Martinville, St. Martin Parish, LA, and Tri-Parish Bank, Eunice, St. Landry Parish, LA, consolidated with and into Pedestal Bank, Houma, Terrebonne Parish, LA, under the Charter of and with the Title: Pedestal Bank, Houma, Terrebonne Parish, LA, and established the existing offices of Coastal Commerce Bank, City Savings Bank & Trust Company, Kaplan State Bank, Teche Bank and Trust Company, and Tri-Parish Bank, as branches of Pedestal Bank. [Originally filed under the Charter of and with the Title: Coastal Commerce Bank.]
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 – FEBRUARY 2018 PAGE 2
BRANCHES Effective January 19, 2018 American Bank & Trust Company, Covington, St. Tammany Parish, LA, opened its TERRYTOWN BRANCH located at 2021 Carol Sue Avenue, Terrytown, Jefferson Parish, LA, 70056.
Effective February 2, 2018 Community First Bank, New Iberia, Iberia Parish, LA, closed its JEFFERSON TERRACE BRANCH located at 535 Jefferson Terrace Boulevard, New Iberia, Iberia Parish, LA, 70560.
Filed February 7, 2018 LAKE STREET BANKING CENTER proposed by Red River Bank, Alexandria, Rapides Parish, LA, to be located at 4112 Lake Street, Suite 400, Lake Charles, Calcasieu Parish, LA, 70605.
Filed February 14, 2018 METAIRIE ROAD BANKING CENTER proposed by Business First Bank, Baton Rouge, East Baton Rouge Parish, LA, to be located at 2328 Metairie Road, Suite 100, Metairie, Jefferson Parish, LA, 70001.
Filed February 16, 2018 LINE AVENUE BRANCH proposed by Gibsland Bank & Trust Company, Gibsland, Bienville Parish, LA, to be located at 3400 Line Avenue, Shreveport, Caddo Parish, LA, 71106.
Approved February 27, 2018; Filed February 1, 2018 SPRING VALLEY ROAD BANKING CENTER proposed by Business First Bank, Baton Rouge, East Baton Rouge Parish, LA, to be located at 5220 Spring Valley Road, Suite 100, Dallas, Dallas County, TX, 75254.
CHANGES OF LOCATION/CONSOLIDATIONS Filed February 16, 2018 Union Savings & Loan Association, New Orleans, Orleans Parish, LA, proposes to relocate its MAIN OFFICE from 353 Carondelet Street to 325 Carondelet Street (a distance of approximately 0.3 miles), both locations within New Orleans, Orleans Parish, Louisiana, 70130, and to retain the former Main Office location as a branch to be known as NEW ORLEANS BRANCH.
Approved February 21, 2018; Filed February 6, 2018 Bank of Montgomery, Montgomery, Grant Parish, LA, proposes to interchange its MAIN OFFICE from 1000 Caddo Street, Montgomery, Grant Parish, LA, 71454 with its WASHINGTON SQUARE BRANCH located at 814 Washington Street, Natchitoches, Natchitoches Parish, LA, 71457 [a distance of approximately 21.7 miles], and to retain the former Main Office location as a branch to be known as MONTGOMERY BRANCH.
Filed/Approved February 27, 2018 Cross Keys Bank, St. Joseph, Tensas Parish, LA, proposes to consolidate its CYPRESS STREET ADMINISTRATIVE OFFICE located at 3101 Cypress Street, Suites 1 and 2 with the MCMILLAN OFFICE located at 400 McMillan Road (a distance of approximately 0.2 mile), both locations within West Monroe, Ouachita Parish, LA, 71292, to be known as WEST MONROE BRANCH.
MONTHLY BULLETIN – FEBRUARY 2018 PAGE 3
LOAN PRODUCTION OFFICES Effective December 23, 2017 Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, opened its GULF COAST BANK AND TRUST DENHAM SPRINGS SOUTH MORTGAGE LOAN PRODUCTION OFFICE located at 1234 Del Este Avenue, Building 3, Suite 302, Denham Springs, Livingston Parish, LA, 70726.
Effective January 18, 2018 M C Bank & Trust Company, Morgan City, St. Mary Parish, LA, opened its NEW ORLEANS LOAN PRODUCTION OFFICE located at 201 Saint Charles Avenue, Suite 3209, New Orleans, Orleans Parish, LA, 70170.
Filed February 1, 2018 Business First Bank, Baton Rouge, East Baton Rouge Parish, LA, proposes to close its DALLAS LOAN PRODUCTION located at 5220 Spring Valley Road, Suite 100, Dallas, Dallas County, TX, 75254.
Filed/Approved February 6, 2018 Red River Bank, Alexandria, Rapides Parish, LA, proposes to close its LAKE CHARLES LOAN PRODUCTION OFFICE located at 1400 Market Street, Lake Charles, Calcasieu Parish, LA, 70601.
Filed/Approved February 14, 2018 Business First Bank, Baton Rouge, East Baton Rouge Parish, LA, proposes to close its NEW ORLEANS LOAN PRODUCTION OFFICE located at 3838 North Causeway Boulevard, Suite 2950, Metairie, Jefferson Parish, LA, 70002.
Filed February 22, 2018 BILOXI LOAN PRODUCTION OFFICE proposed by Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, to be located at 2432-A Pass Road, Biloxi, Harrison County, MS, 39531.
SUBSIDIARIES Filed February 16, 2018 Union Savings & Loan Association, New Orleans, Orleans Parish, LA, proposes to establish a subsidiary, Union Acquisition Corporation, to be located at 353 Carondelet Street, New Orleans, Orleans Parish, LA, 70130.
TRUST POWERS No Activity
OTHER No Activity
Any questions should be directed to Pam Skelton at (225) 925-4661.