Question 1

What is Bank of Louisiana?

Accepted Answer

Bank of Louisiana is a community bank headquartered in New Orleans, Louisiana, serving the Greater New Orleans metropolitan area. With approximately $99.6 million in total assets and $87 million in deposits, the bank focuses on providing personalized banking services to individuals and businesses throughout the region.

The institution operates as a traditional community bank, emphasizing local relationships and customer service. Bank of Louisiana positions itself with the tagline "Community Banking. The way it should be!" reflecting its commitment to relationship-based banking in the communities it serves.

Question 2

When was Bank of Louisiana founded?

Accepted Answer

Bank of Louisiana was founded around 1958. According to the bank's website, the institution has been celebrating over 60 years of banking service to the New Orleans community.

A historical marker dedicated on July 1, 1983, commemorated the 25th anniversary of the bank, which aligns with a founding date in the late 1950s. The bank has maintained its focus on community banking throughout its history, serving generations of customers in the Greater New Orleans area.

Question 3

Where is Bank of Louisiana headquartered?

Accepted Answer

Bank of Louisiana is headquartered at 300 St. Charles Avenue in New Orleans, Louisiana. The main office is located in the Central Business District of New Orleans, positioned in the heart of the city's financial center.

The bank relocated to this St. Charles Avenue location in February 1992, establishing its presence on one of New Orleans' most prominent commercial corridors.

Question 4

Where does Bank of Louisiana operate?

Accepted Answer

Bank of Louisiana operates four branch locations throughout the New Orleans metropolitan area, serving Orleans, Jefferson, and St. Tammany parishes. The bank's footprint includes:

New Orleans - Main office at 300 St. Charles Avenue in the Central Business District

Metairie - Branch at 3340 Severn Avenue, serving Jefferson Parish

Gretna - Branch at 605 Lapalco Boulevard on the West Bank

Slidell - Branch at 636 Gause Boulevard, extending service to the North Shore

All four offices are located within the New Orleans-Metairie metropolitan statistical area, allowing the bank to maintain a concentrated regional presence while serving diverse communities across the greater metro region.

Question 5

What services does Bank of Louisiana offer?

Accepted Answer

Bank of Louisiana provides a comprehensive range of retail and commercial banking services designed for individual and business customers:

Personal Banking - Checking and savings accounts, certificates of deposit, money market accounts, and consumer loans

Business Banking - Commercial checking accounts, business savings, commercial lending, and treasury management services

Credit Services - A variety of credit card options for both personal and business use

Digital Banking - Mobile banking with mobile check deposit, online banking platforms, and access to the Community Cash ATM network for fee-free cash withdrawals

Lending Services - Consumer loans, mortgage products, and commercial lending solutions tailored to local business needs

The bank emphasizes accessibility through extended hours at several locations, including Saturday banking at most branches.

Question 6

What makes Bank of Louisiana unique?

Accepted Answer

Bank of Louisiana distinguishes itself through its deeply rooted commitment to community banking in the Greater New Orleans area. Several factors set the bank apart:

Local Focus - As an independent community bank with over 60 years in New Orleans, the institution maintains strong ties to the local community and understanding of regional banking needs.

Fee-Free ATM Access - The bank participates in the Community Cash ATM network, providing customers with fee-free access to cash at numerous locations throughout Louisiana.

Personalized Service - With a modest size of approximately $99.6 million in assets and only four locations, the bank emphasizes relationship banking and personalized customer service that larger institutions often cannot provide.

Financial Performance - The bank maintains healthy profitability metrics with a Return on Assets (ROA) of 0.60% and Return on Equity (ROE) of 5.28%, demonstrating sound financial management while serving the community.

Question 7

What type of financial institution is Bank of Louisiana?

Accepted Answer

Bank of Louisiana is a State-Chartered Community Bank. The institution is chartered under Louisiana state banking laws and regulated by both the Louisiana Office of Financial Institutions (LAOFI) and the Federal Deposit Insurance Corporation (FDIC).

As a community bank, Bank of Louisiana exemplifies the traditional model of locally-focused financial institutions that prioritize relationships with customers and deep involvement in the communities they serve. This structure allows for more flexible decision-making and personalized service compared to larger regional or national banks.

The bank is FDIC-insured (Certificate #17878), providing deposit protection up to applicable limits. It operates as the primary entity within its holding company structure (RSSD HC: 1247594), maintaining its independence while serving the Greater New Orleans market.

Bank of Louisiana

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About Bank of Louisiana in the United States