2010-06-01

Added · Updated

State of Louisiana Office of Financial Institutions Monthly Bulletin June 2010

The Louisiana Office of Financial Institutions issued its June 2010 Monthly Bulletin to record regulatory actions regarding banking entities. The document details the approval of mergers involving Community Trust Bank and Bank of Erath, alongside numerous branch openings, closures, relocations, and consolidations by institutions such as IBERIABANK and Progressive Bank. Additionally, the bulletin notes the filing of trust power applications and the establishment of subsidiaries by various Louisiana banks.

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STATE OF LOUISIANA

OFFICE OF FINANCIAL INSTITUTIONS

BATON ROUGE, LOUISIANA


MONTHLY BULLETIN

JUNE 2010


BANK HOLDING COMPANIES

No Activity


BANKS/THRIFTS/CREDIT UNIONS/TRUST COMPANIES

Approved June 4, 2010
Proposed Merger of Community Trust Bank of Texas, Dallas, Dallas County, TX (a Texas state-chartered bank), with and into Community Trust Bank, Choudrant, Lincoln Parish, LA, under the Charter of and with the Title: Community Trust Bank, domiciled in Choudrant, Lincoln Parish, LA, and to establish the existing offices of Community Trust Bank of Texas as branches of Community Trust Bank.

Approved June 4, 2010
Application by Bank of Erath, Erath, Vermilion Parish, Louisiana, to engage in a statutory share exchange with Bank of Erath Holding Company, whereby Bank of Erath Holding Company, will become a one-bank holding company.


BRANCHES

Effective June 4, 2010
IBERIABANK, Lafayette, Lafayette Parish, LA, closed its LAPLACE BRANCH located at 347 Belle Terre Boulevard, LaPlace, St. John the Baptist Parish, LA, 70068.

Filed June 11, 2010
COUNTRY CLUB BRANCH, proposed by Cameron State Bank, Lake Charles, Calcasieu Parish, LA, to be located at 2800 Country Club Road, Lake Charles, Calcasieu Parish, LA, 70605.

Approved June 21, 2010
DREW BRANCH, proposed by Ouachita Independent Bank, Monroe, Ouachita Parish, LA, to be located at 1270 Highway 15, West Monroe, Ouachita Parish, LA, 71292.

Filed June 21, 2010
HIGHLAND COLONY BANKING CENTER, proposed by Community Trust Bank, Choudrant, Lincoln Parish, LA, to be located at 605 Crescent Boulevard, Suite 101, Ridgeland, Madison County, MS, 39157.

Filed/Approved June 21, 2010
Sabine State Bank and Trust Company, Many, Sabine Parish, LA, proposes to close its NORTH RUSTON BRANCH located at 2600 Trenton Avenue, Ruston, Lincoln Parish, LA, 71207.


MONTHLY BULLETIN – JUNE 2010

PAGE 2


BRANCHES – (continued)

Filed/Approved June 21, 2010
Sabine State Bank and Trust Company, Many, Sabine Parish, LA, proposes to close its RUSTON BRANCH located at 317 West California Street, Ruston, Lincoln Parish, LA, 71207.

Filed June 23, 2010
SHREVEPORT UPTOWN BANKING CENTER, proposed by Red River Bank, Alexandria, Rapides Parish, LA, to be located at 5868 Line Avenue, Shreveport, Caddo Parish, LA, 71106.

Effective June 28, 2010
Progressive Bank, Winnsboro, Franklin Parish, LA, opened its FERN AVENUE FINANCIAL CENTER located at 8550 Fern Avenue, Shreveport, Caddo Parish, LA, 71105.


CHANGES OF LOCATION/CONSOLIDATIONS

Effective May 17, 2010
Approved June 1, 2010
IBERIABANK, Lafayette, Lafayette Parish, LA, relocated its PALM BEACH GARDENS BRANCH from 4280 Professional Center Drive, Suite 100 to 11345 Legacy Avenue, Building D, Suite 110 (a distance of approximately 0.77 miles), both locations within Palm Beach Gardens, Palm Beach County, Florida, 33410.

Effective May 17, 2010
Approved June 1, 2010
IBERIABANK, Lafayette, Lafayette Parish, LA, relocated its DOWNTOWN SARASOTA BRANCH from 1790 Main Street to 1734 Main Street (a distance of approximately 0.06 miles), both locations within Sarasota, Sarasota County, Florida, 34236.

Approved June 7, 2010
Franklin State Bank & Trust Company, Winnsboro, Franklin Parish, LA, proposes to relocate its MOTOR BRANCH from 3438 Front Street to 10 Fair Avenue (a distance of approximately 66 feet), both locations within Winnsboro, Franklin Parish, Louisiana, 71295.

Filed/Approved June 30, 2010
IBERIABANK, Lafayette, Lafayette Parish, LA, proposes to consolidate its SARASOTA MAIN BRANCH located at 1680 Fruitville Road, with the DOWNTOWN SARASOTA BRANCH located at 1734 Main Street (a distance of 0.02 miles), both locations within Sarasota, Sarasota County, Florida, 34236.


LOAN or TRUST PRODUCTION OFFICES

Effective April 7, 2010
IBERIABANK, Lafayette, Lafayette Parish, LA, opened its FAIRHOPE LOAN PRODUCTION OFFICE located at 70 South Section Street, Unit #4, Fairhope, Baldwin County, AL, 36532.


MONTHLY BULLETIN – JUNE 2010

PAGE 3


LOAN or TRUST PRODUCTION OFFICES – (continued)

Effective May 17, 2010
IBERIABANK, Lafayette, Lafayette Parish, LA, opened its PALM BEACH GARDENS LOAN PRODUCTION OFFICE located at 7111 Fairway Drive, Suite 201, Palm Beach Gardens, Palm Beach County, FL, 33410.

Effective June 1, 2010
Gulf Coast Bank and Trust Company, New Orleans, Orleans Parish, LA, closed its GULF COAST BANK MORTGAGE VETERANS LOAN PRODUCTION OFFICE located at 2201 Veterans Boulevard, Suite 504, Metairie, Jefferson Parish, LA, 70001.

Filed June 10, 2010
BOSSIER LOAN PRODUCTION OFFICE, proposed by Citizens Bank & Trust Company of Vivian, Louisiana, to be located at 1628 Benton Road, Bossier City, Bossier, LA, 71111.

Filed June 10, 2010
CRESCENT BANK & TRUST BOURBONNAIS LOAN PRODUCTION OFFICE, proposed by Crescent Bank & Trust, New Orleans, Orleans Parish, LA, to be located at 750 Almar Parkway, Bourbonnais, Kankakee County, IL, 60914.

Effective June 14, 2010
IBERIABANK, Lafayette, Lafayette Parish, LA, opened its DOWNTOWN SARASOTA LOAN PRODUCTION OFFICE located at 1743 Main Street, Sarasota, Sarasota County, FL, 34236.


SUBSIDIARIES

Effective December 18, 2006
Bank of Coushatta, Coushatta, Red River Parish, LA, established a subsidiary, B C FINANCIAL, L.L.C., located at 1525 Ringgold Avenue, Coushatta, Red River Parish, LA, 71019.


TRUST POWERS

Filed June 2, 2010
IBERIABANK, Lafayette, Lafayette Parish, LA, has filed an application requesting permission to exercise Full Trust Powers.


OTHER

No Activity


Any questions should be directed to Pam Skelton at (225) 925-4661.


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

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