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Bricks and mortar: Branch news through May 10

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Bricks and mortar: Branch news through May 10

S&P Global Market Intelligencerounds up notable branch openings and closings over the past week. This wrap excludescertain moves by banks with more than $5 billion in assets and certain credit unions.

Mid-Atlantic

Oak Ridge,N.J.-based Lakeland Bankon April 20 held a ribbon-cutting ceremony for its Hudson Valley commercial lendingoffice, located at 556 State Route 32 in Highland Mills, N.Y. The office is thefirst New York location of the LakelandBancorp Inc. subsidiary, according to a May 2 press release.

Midwest

Leawood, Kan.-based CrossFirst Bank is planning to expand into the Dallas market,The Wichita (Kan.) Eagle reportedMay 4. The CrossFirst Holdings LLCsubsidiary has yet to receive regulatory approval for the branch.


Festus, Mo.-based MidwestRegional Bank expects to open a banking center in Kirkwood, Mo., inthe fall, according to a May 4 pressrelease.

The MidwestRegional Bancorp Inc. subsidiary also opened loan production officesin Fairview Heights, Ill.; in Tampa, Fla.; and in Denver, according to the bank'snewsletter for the secondquarter of 2016.


Logan, Ohio-based CitizensBank of Logan closed its branch inside Wal-Mart in Athens, Ohio, inSeptember 2015, and is set to close its branch in Nelsonville, Ohio, in July, accordingto a Form 8-K filed May5. The bank is a subsidiary of CitizensIndependent Bancorp Inc.


Madison, Wis.-based Summit Credit Union on May 10 opened a branch in Muskego,Wis., according to a pressrelease posted on CUInsight.com.


Grand Rapids, Mich.-based Lake Michigan Credit Union opened a branch in Bonita Springs,Fla., in 2015, according to the credit union's 2015 annual report. The credit union plans to expand its retailpresence with additional branches in 2016.

Southeast

Strasburg, Va.-based First National Corp., the parent company of , closed its branch in centralWoodstock, Va., on Dec. 31, 2015, and is set to close its branch in Kernstown, Va.,on July 30, according to an investorpresentation for the annual shareholders meeting.

Southwest

The Federal Reserve approved Origin Bank's application to establish a branch at 2049 WestGray St. in Houston and a mobile branch in Harris County, Texas, according to aMay 5 pressrelease. Louisiana-based Origin Bank is a subsidiary of Origin Bancorp Inc.


Albuquerque, N.M.-based U.S. Eagle Federal Credit Union opened a branch in SantaFe, N.M., in August 2015, according to the credit union's 2015 .


Stillwater, Okla.-based Bank SNB filed an application with the Federal Reserve Bankof Kansas City for de novo branches at 9921 S. Pennsylvania Ave. in Oklahoma Cityand 3001 Palm Way in Austin, Texas, BankersDigest reported May 9. The bank is a subsidiary of Southwest Bancorp Inc.


McGregor, Texas-based First National Bank of McGregor is seeking the OCC's approvalfor a branch at the intersection of Cleveland Avenue and South 8th Street in Waco,Texas, Bankers Digest reported. The bankis a unit of McGregor Bancshares Inc.


Tom Bean, Texas-based First National Bank of Tom Bean is seeking the OCC's approvalfor a branch at 303 N. Hevey St. in Hope, Ark., Bankers Digest reported.

West

San Luis Obispo, Calif.-based Founders Bancorp plans to open a branch in the second quarter,to be located at the corner of 13th Street and Spring Street in Paso Robles, Calif.,according to the company's 2015 annualreport. The parent of FoundersCommunity Bank purchased the property in 2015.


Whitefish, Mont.-based Whitefish Credit Union Association will hold a grand openingcelebration for its new branch at 1825 U.S. Highway 93 South in Kalispell, Mont.,according to a May 9 pressrelease posted on CUInsight.com.

Canada

Vancouver, British Columbia-based Vancouver City Savings Credit Union opened its CormorantIsland community branch in the Village of Alert Bay in May 2015, according to thecredit union's 2015 annual report.The branch, which is open three days per week, is the only financial institutionin the area.