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Bricks and mortar: Branch news through Jan. 31

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Bricks and mortar: Branch news through Jan. 31

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

Mid-Atlantic

Bethlehem, Pa.-based Lafayette Ambassador Bank, a unit of Fulton Financial Corp., received the Federal Reserve Bank of Philadelphia's approval to open a branch at 1928 Hamilton St. in Allentown, Pa., according to a Federal Reserve release.

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Souderton, Pa.-based Univest Bank and Trust Co., a unit of Univest Corp. of Pennsylvania, filed an application with the Philadelphia Fed and the Pennsylvania Department of Banking and Securities to open a branch at 216 Hartman Bridge Road, in Strasburg, Pa.

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Washington, Pa.-based Washington Financial Bank received the state regulator's approval to open a branch at 1803 Main Street, in Burgettstown, Pa., according to the state regulator's summary of activities. The bank is a unit of WFSB Inc. WFSB Mutual Holding Co. is the bank's parent company.

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Shippensburg, Pa.-based Orrstown Financial Services Inc. will close its branch at 2250 Spring Road in Carlisle, Pa., on April 28. The parent company of Orrstown Bank will also close the seasonal facility at 1000 Bryn Mawr Road, the Carlisle Events 'Car Show' branch, on May 18.

Orrstown Bank previously announced the construction of a branch on the Manheim Pike in Lancaster, Pa., slated to open at the beginning of the second quarter, and another branch in New Holland, opening in August. The bank also opened two loan production office facilities in Lancaster and Berks Counties in 2016, according to a press release.

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Columbia, Md.-based Bay Bank FSB, a unit of Bay Bancorp Inc., closed its Northern Parkway branch in December 2016, according to the company's earnings release.

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The OCC approved Bridgehampton, N.Y.-based Bridgehampton National Bank's application to open a branch at 481 Montauk Highway, in East Moriches, N.Y., according to the OCC's website. Bridge Bancorp Inc. is the bank's parent company.

Midwest

Michigan City, Ind.-based Horizon Bancorp, the parent company of Horizon Bank NA, opened its first loan and deposit production office in Grand Rapids, Mich., during the fourth quarter of 2016, according to the company's earnings release.

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Munster, Ind.-based Peoples Bank SB, a unit of NorthWest Indiana Bancorp, intends to open a banking center in Highland, Ind., in 2017, according to the company's earnings release.

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West Des Moines, Iowa-based West Bancorp. Inc., the parent company of West Bank, opened a building in the Rochester market in Iowa in December 2016, according to the company's earnings release.

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Gahanna, Ohio-based Heartland Bank is set to expand into Upper Arlington, Ohio, with a full-service branch expected to open in late 2017 or early 2018. The Heartland BancCorp subsidiary entered into a purchase agreement for the property at 1800 W. Lane Avenue, at the northwest corner of Northwest Blvd. and Lane Avenue.

The branch will be the bank's 16th location in central Ohio, after the scheduled opening of the Clintonville and Whitehall offices later this year, according to a press release.

* * *

Frontenac, Mo.-based Reliance Bank, a unit of Reliance Bancshares Inc., received regulatory approval to open a branch in Rock Hill, Mo. The branch, which is expected to open early in the second quarter, will be the bank's 21st in the St. Louis area, according to the bank's earnings release.

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Worthington, Ohio-based CFBank NA, a unit of Central Federal Corp., closed its branch at 601 Main Street, in Wellsville, Ohio.

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Defiance, Ohio-based First Federal Bank of the Midwest, a unit of First Defiance Financial Corp., opened a branch at 1707 Cherry Street, in Toledo, Ohio.

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Lebanon, Ohio-based LCNB National Bank, a unit of LCNB Corp., opened a branch at 10820 Main Street, in Clarksburg, Ohio.

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The OCC approved Danville, Ky.-based Farmers National Bank of Danville's application to open a branch at 1641 S Danville Bypass. The bank is a unit of Boyle Bancorp Inc.

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Springfield, Ill.-based Illinois National Bank, a subsidiary of Illinois National Bancorp Inc., notified the OCC of its plan to close its branch at 1603 Tullamore Ave, Ste A, in Bloomington, Ill.

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Lexington, Ky.-based Forcht Bank NA, a subsidiary of Forcht Bancorp Inc., notified the OCC of its plan to close three branches in the state — at Noeville Hollow Lane & US 25 E. (N), in Boone Height; at 105 Highway 635, in Science Hill; and at 5289 Hodgenville Road in Greensburg.

* * *

Columbia, Mo.-based Landmark Bank N.A., a subsidiary of Landrum Co., notified the OCC of its plan to close three branches — at 1902 West 19th Street, Suite E, in Mountain Grove, Mo.; at 1001 Pecan Street, in Lindsay, Texas; and at 105 N. Choctaw, in Wapanucka, Okla.

Southeast

Paris, Ark.-based First National Bank at Paris, a unit of Union Bankshares Inc., filed an application with the OCC for a branch at 1607 West Commercial Street, in Ozark, Ark. The branch will be called First National Bank at Ozark, a division of First National Bank at Paris.

* * *

Lynchburg, Va.-based Bank of the James, a unit of Bank of the James Financial Group Inc., received the Federal Reserve Bank of Richmond's approval to open a branch at 3562 Electric Road in Roanoke, Va.

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Portsmouth, Va.-based TowneBank on Dec. 9, 2016, consolidated its banking office in the Port Warwick area of Newport News, Va., into its banking office in the Oyster Point area of Newport News.

Earlier on Sept. 15, 2016, TowneBank opened a new regional headquarters in the Gateway Plaza in downtown Richmond, according to the company's earnings release.

* * *

Coral Gables, Fla.-based Professional Bank, a unit of Professional Holding Corp., is seeking the Federal Reserve Bank of Atlanta's approval to open a branch at 5100 PGA Boulevard, Suite 101, in Palm Beach Gardens, Fla.

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Plant City, Fla.-based Sunshine Bancorp Inc., the parent company of Sunshine Bank, converted its loan production offices in Tampa and Orlando in Florida to full-service branches, according to the company's earnings release.

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Brentwood, Tenn.-based Commerce Union Bancshares Inc., the parent company of Reliant Bank, intends to open a branch in Green Hills, an affluent submarket of Nashville, Tenn., in the first quarter of 2017, according to the company's earnings release.

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Lincolnton, N.C.-based Carolina Trust BancShares Inc., the parent company of Carolina Trust Bank, received approval and is in the process of converting its loan production office in Mooresville, N.C., to a full-service branch, according to the company's earnings release.

* * *

SouthCrest Financial Group Inc., the parent company of SouthCrest Bank NA, is set to move its corporate and banking headquarters to midtown Atlanta, specifically at 1475 Peachtree St. NE 30309.

The bank's subsidiary is currently in Tyrone, Ga., and its corporate headquarters is in Woodstock, Ga. The move requires regulatory approval, and construction of the new headquarters in Atlanta is yet to be completed, according to a press release.

* * *

El Dorado, Ark.-based First Financial Bank, a unit of First Financial Banc Corp., plans to open a full-service branch in Little Rock, Ark., Arkansas Business reported.

Southwest

Ruston, La.-based Century Next Financial Corp., the parent company of Bank of Ruston, added a branch in Monroe, La., according to the company's earnings release.

* * *

Albany, Texas-based First National Bank of Albany opened a branch at 1500 Industrial Street, Suite 102, in Abilene, Texas. The bank is a unit of Albany Bancshares Nevada Financial Corp. Albany Bancshares Inc. is the bank's parent company.

* * *

The OCC approved Liberty, Texas-based First Liberty National Bank's application to open a branch at 11030 Hwy 146 North, in Hardin, Texas. First Liberty National Bancshares Inc. is the bank's parent company.

* * *

The OCC approved Broken Bow, Okla.-based McCurtain County National Bank, a unit of McCurtain County Bancshares Inc., to establish a branch near the intersection of U.S. Highway 259 and OK Highway 259A, in Broken Bow.

West

The Federal Reserve Bank of San Francisco approved Los Angeles-based Commonwealth Business Bank's applications to open a branch at 2625 Old Denton Road #574 in Carrollton, Texas, and another at 2164 Royal Lane in Dallas.

* * *

La Jolla, Calif.-based Private Bancorp of America Inc. is planning to open a branch in Beverly Hills, Calif., by midyear. The branch will be called Los Angeles Private Bank, a division of San Diego Private Bank, according to a press release.

* * *

Goleta, Calif.-based Community West Bank NA, a unit of Community West Bancshares, opened a full-service branch at 300 East Esplanade Drive, Suite 100A, in Oxnard, Calif., according to a press release.

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Port Angeles, Wash.-based First Northwest Bancorp, the parent company of First Federal Savings and Loan Association of Port Angeles, opened a home lending center in Seattle in November 2016, according to the company's earnings release.

* * *

San Francisco-based Bank of the West, a unit of BancWest Holding Inc., opened a dedicated business banking branch at 5600 W. 83rd Street, Suite 200, in Bloomington, Minn., according to a press release.

Canada

Prince Edward Island, Canada-based Consolidated Credit Union will close its branch in Borden-Carleton, The (Montreal, Canada) Guardian reported. According to the credit union's website, it has two other branches, both located in Summerside, Prince Edward Island.