Regulatory Alerts2024-08-01
Louisiana Office of Financial Institutions Monthly Bulletin August 2024
The Louisiana Office of Financial Institutions issued its August 2024 Monthly Bulletin detailing regulatory actions regarding state-chartered banks, credit unions, and trust companies. Key approvals included the conversion of INSTEP Credit Union to federal status, the charter change of Fidelity Bank to a stock savings bank, and the merger of Oakwood Bancshares into Business First Bancshares. The bulletin also recorded the opening and closing of various branches and loan production offices across Louisiana, Texas, Florida, and Tennessee.
STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS BATON ROUGE, LOUISIANA
MONTHLY BULLETIN AUGUST 2024
BANK HOLDING COMPANIES No Activity
BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES Effective December 19, 2023 INSTEP Credit Union, New Orleans, Orleans Parish, LA, converted from a State-chartered credit union to a Federally-chartered credit union, with the title INSTEP Federal Credit Union.
Approved August 5, 2024 Proposed Conversion of Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, 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 proposed parent Holding Company.
Filed August 15, 2024 Proposed Application by Sabine State Bank and Trust Company, Many, Sabine Parish, LA, for the voluntary dissolution of and the surrender of its banking charter, under a plan of liquidation.
Approved August 29, 2024 Proposed Merger of Oakwood Bancshares, Inc. (a Texas corporation), Dallas, TX, with and into Business First Bancshares, Inc., Baton Rouge, LA, and immediately thereafter, merge Oakwood Bank (a Texas state-chartered bank), Dallas, Dallas County, TX, with and into b1BANK, Baton Rouge, East Baton Rouge Parish, LA, under the Charter of and with the Title: b1BANK, domiciled in Baton Rouge, LA, and to establish the existing offices of Oakwood Bank as branches of b1BANK.
BRANCHES Approved August 1, 2024 WEST MONROE BRANCH proposed by Bank of Oak Ridge, Oak Ridge, Morehouse Parish, LA, to be located at 1905 North 7th Street, West Monroe, Ouachita Parish, LA 71291.
MONTHLY BULLETIN – AUGUST 2024 PAGE 2
BRANCHES – (continued) Effective August 5, 2024 Marion State Bank, Marion, Union Parish, LA, opened its WEST MONROE BRANCH located at 2600 North Seventh Street, West Monroe, Ouachita Parish, LA 71291.
Effective August 16, 2024 Origin Bank, Choudrant, Lincoln Parish, LA, closed its MEDICAL CENTER BANKING CENTER located at 8002 Kirby Drive, Houston, Harris County, TX 77054.
Effective August 21, 2024 Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, opened its MIRAMAR BEACH BRANCH located at 50 South Holiday Road, Suite 700, Miramar Beach, Walton County, FL 32550.
Effective August 26, 2024 b1BANK, Baton Rouge, East Baton Rouge Parish, LA, opened its SOUTHERN DALLAS BANKING CENTER located at 101 North Zang Boulevard, Suite 100A, Dallas, Dallas County, TX 75208.
CHANGES OF LOCATION/CONSOLIDATIONS No Activity
LOAN PRODUCTION OFFICES (LPOs) / DEPOSIT PRODUCTION OFFICES (DPOs) / COMBINATION LPOs-DPOs No Objection August 1, 2024; Filed July 16, 2024 WESTLAKE LOAN AND DEPOSIT PRODUCTION OFFICE proposed by b1BANK, Baton Rouge, East Baton Rouge Parish, LA, to be located at 65 Andorra Drive, Westlake, Denton County, TX 76262.
Filed/No Objection August 5, 2024 Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, proposes to close its GULF COAST BANK AND TRUST DESTIN LOAN PRODUCTION OFFICE located at 34990 Emerald Coast Parkway, Suite 300, Destin, Okaloosa County, FL 32541.
Filed/No Objection August 7, 2024 Fidelity Bank [a State-chartered savings bank], New Orleans, Orleans Parish, LA, proposes to close its PRAIRIEVILLE LOAN PRODUCTION OFFICE #2 located at 37338 Perkins Road, Suite B, Prairieville, Ascension Parish, LA 70769.
No Objection August 20, 2024 TYLER LOAN PRODUCTION OFFICE proposed by Cross Keys Bank, St. Joseph, Tensas Parish, LA, to be located at 4801 Old Jacksonville Highway, Tyler, Smith County, TX 75703.
MONTHLY BULLETIN – AUGUST 2024 PAGE 3
LOAN PRODUCTION OFFICES (LPOs) / DEPOSIT PRODUCTION OFFICES (DPOs) / COMBINATION LPOs-DPOs – (continued) No Objection August 28, 2024 LOOKOUT CAPITAL LOAN PRODUCTION OFFICE proposed by Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, to be located at 807 Cherry Street, Unit C-3, Chattanooga, Hamilton County, TN 37402.
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.