Regulatory Alerts2019-03-01
Louisiana Office of Financial Institutions Monthly Bulletin March 2019
The Louisiana Office of Financial Institutions issued its March 2019 Monthly Bulletin detailing regulatory actions for banks, thrifts, and credit unions. Key activities include the merger of Mainland Bank into Investar Bank, the opening of new branches by BOM Bank and Simmesport State Bank, and the relocation of First Bank and Trust's Lafayette branch. Additionally, Fidelity Bank proposed closing multiple loan production offices while establishing a new one in Ridgeland, and Gulf Coast Bank and Trust Company filed to establish a subsidiary.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN MARCH 2019
BANK HOLDING COMPANIES No Activity
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES Effective March 1, 2019 @ 12:01 a.m. Mainland Bank (a Texas State-chartered Bank), Texas City, Galveston County, Texas, merged with and into Investar Bank, Baton Rouge, East Baton Rouge Parish, Louisiana, under the Charter of and with the Title: Investar Bank, domiciled in Baton Rouge, Louisiana, and established the existing offices of Mainland Bank as branches of Investar Bank.
BRANCHES Filed March 12, 2019 CENTRAL BRANCH proposed by Simmesport State Bank, Simmesport, Avoyelles Parish, LA, to be located at 7332 Highway 1, Mansura, Avoyelles Parish, LA 71350.
Withdrawn March 12, 2019 HARDING BOULEVARD BRANCH proposed by Investar Bank, Baton Rouge, East Baton Rouge Parish, LA, to be located at 3636 Harding Boulevard, Baton Rouge, East Baton Rouge Parish, LA 70807.
Filed March 12, 2019 RAYNE OFFICE proposed by The Bank, Jennings, Jefferson Davis Parish, LA, to be located at 1012 The Boulevard, Rayne, Acadia Parish, LA 70578.
Filed March 12, 2019 COUNTY LINE ROAD BANKING CENTER proposed by Origin Bank, Choudrant, Lincoln Parish, LA, to be located at 1059 East County Line Road, Jackson, Hinds County, MS 39211.
Effective March 18, 2019 BOM Bank [formerly Bank of Montgomery], Montgomery, Grant Parish, LA, opened its FERN AVENUE BRANCH located at 8610 Fern Avenue, Shreveport, Caddo Parish, LA 71105. [Originally filed with the address of 8640 Fern Avenue.]
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 2019 PAGE 2
BRANCHES – (continued) Filed March 18, 2019 WILLOW GROVE BRANCH proposed by Concordia Bank and Trust Company, Vidalia, Concordia Parish, LA, to be located at 8200 Village Plaza Court, Suite 3A, Baton Rouge, East Baton Rouge Parish, LA 70810.
CHANGES OF LOCATION/CONSOLIDATIONS Effective January 29, 2019 First Bank and Trust, New Orleans, Orleans Parish, LA, relocated its RIVER RANCH BRANCH from 1201 Camellia Boulevard to 603 Silverstone, Suite 102A (a distance of approximately 400 feet), both locations within Lafayette, Lafayette Parish, LA 70508, to be known as LAFAYETTE BRANCH.
LOAN PRODUCTION OFFICES Effective October 2, 2018 The Cottonport Bank, Cottonport, Avoyelles Parish, LA, opened its COTTONPORT BANK LOAN PRODUCTION OFFICE located at 1318 Camellia Boulevard, Lafayette, Lafayette Parish, LA 70508.
Filed/Approved March 6, 2019 Crescent Bank & Trust, New Orleans, Orleans Parish, LA, proposes to relocate its CRESCENT BANK & TRUST PHOENIX LOAN PRODUCTION OFFICE from 950 West Elliot Road, Suite 122 to 960 West Elliot Road, Suite 110, both located within Tempe, Maricopa County, AZ 85284.
Filed/Approved March 12, 2019 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, proposes to close its BILOXI LOAN PRODUCTION OFFICE located at 2434-A Pass Road, Biloxi, Harrison County, MS 39531.
Filed/Approved March 12, 2019 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, proposes to close its BURLESON LOAN PRODUCTION OFFICE located at 124 South Main Street, Suite 228, Burleson, Johnson County, TX 76028.
Filed/Approved March 12, 2019 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, proposes to close its COVINGTON LOAN PRODUCTION OFFICE located at 70457 Highway 21, Suite 105, Covington, St. Tammany Parish, LA 70461.
MONTHLY BULLETIN – MARCH 2019 PAGE 3
LOAN PRODUCTION OFFICES – (continued) Filed/Approved March 12, 2019 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, proposes to close its ORANGE BEACH LOAN PRODUCTION OFFICE located at 4776 Main Street, Orange Beach, Baldwin County, AL 36561.
Filed/Approved March 12, 2019 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, proposes to close its PICAYUNE LOAN PRODUCTION OFFICE located at 1620 U.S. Highway 11 North, Suite D, Picayune, Pearl River County, MS 39466.
Filed/Approved March 12, 2019 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, proposes to close its SLIDELL LOAN PRODUCTION OFFICE located at 2053 Gause Boulevard East, Suite 250, Slidell, St. Tammany Parish, LA 70461.
Filed March 15, 2019 COVINGTON LOAN PRODUCTION OFFICE proposed by Red River Bank, Alexandria, Rapides Parish, LA, to be located at 217 North Vermont Street, Covington, St. Tammany Parish, LA 70433.
Approved March 19, 2019 RIDGELAND LOAN PRODUCTION OFFICE proposed by Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, to be located at 198 Charmont Drive, Suite 4, Ridgeland, Madison County, MS 39157.
SUBSIDIARIES Filed March 4, 2019 Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, proposes to establish a subsidiary, SYNERGY FULFILLMENT SERVICES, LLC, to be located at 200 Saint Charles Avenue, 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.