Question 1

What is Bank of Oak Ridge (LA)?

Accepted Answer

Bank of Oak Ridge (LA) is a Louisiana-chartered community bank specializing in commercial lending. Headquartered in Oak Ridge, Louisiana, the bank operates three full-service branches across Morehouse and Richland parishes, including locations in Oak Ridge and Monroe. With approximately $125.6 million in total assets, the bank serves both retail and commercial customers with a focus on personalized, relationship-based banking services.

As a wholly-owned subsidiary of Oak Ridge Bancshares, Inc., Bank of Oak Ridge maintains its independence as a locally-focused financial institution while benefiting from holding company oversight.

Question 2

When was Bank of Oak Ridge (LA) founded?

Accepted Answer

Bank of Oak Ridge was founded in 1910, established to serve the banking needs of the rural Oak Ridge community and surrounding Morehouse Parish area. For over a century, the bank has remained committed to its original mission of providing accessible financial services to the local community.

The bank's board has included notable figures in Louisiana business history, including the late Clarke Williams, founder of CenturyLink, who served as a past board chairman.

Question 3

Where is Bank of Oak Ridge (LA) headquartered?

Accepted Answer

Bank of Oak Ridge is headquartered in Oak Ridge, Louisiana, with its main office located at 105 N Oak Street. Oak Ridge is a small community in Morehouse Parish in northeastern Louisiana.

Question 4

Where does Bank of Oak Ridge (LA) operate?

Accepted Answer

Bank of Oak Ridge operates three full-service branches throughout northeastern Louisiana. The bank serves the communities of Oak Ridge and the surrounding Morehouse and Richland Parish areas.

In 2016, the bank expanded its footprint by opening a Loan Production Office in Monroe, Louisiana, which was later converted to a full-service branch in September 2019. This expansion brought community banking services to the Monroe metropolitan area while maintaining the bank's commitment to personalized service.

Question 5

What services does Bank of Oak Ridge (LA) offer?

Accepted Answer

Bank of Oak Ridge offers a comprehensive suite of personal and commercial banking services. Personal banking services include checking accounts, savings accounts, and consumer lending products.

On the commercial side, the bank specializes in commercial lending, with particular strength in commercial and industrial loans, which account for a significant portion of its loan portfolio. The bank also provides real estate lending and agricultural financing to support the regional economy.

Digital banking services include online banking and mobile banking capabilities, allowing customers to manage their accounts remotely while maintaining the bank's signature personal touch.

Question 6

What makes Bank of Oak Ridge (LA) unique?

Accepted Answer

Bank of Oak Ridge's most distinctive characteristic is its exceptional financial stability and performance record. The bank has proudly received the BauerFinancial Inc. 5-Star Superior rating every quarter since 1988, a remarkable achievement spanning over three decades.

This sustained excellence has earned the bank the prestigious "Best of Bauer Bank" designation, an honor reserved exclusively for banks that have maintained the 5-star rating for 25 years or longer. This designation places Bank of Oak Ridge among an elite group of America's most consistently stable financial institutions.

With over 110 years of continuous service to the same community, the bank combines historical stability with modern banking convenience, maintaining strong local ownership and leadership connections.

Question 7

What type of financial institution is Bank of Oak Ridge (LA)?

Accepted Answer

Bank of Oak Ridge is a State Commercial Bank with a commercial lending specialization. As a Louisiana state-chartered bank, it operates under state banking regulations and is supervised by the Federal Deposit Insurance Corporation (FDIC).

The bank is structured as an S-Corporation and is not a member of the Federal Reserve System. It operates as a traditional community bank model, emphasizing relationship banking and local decision-making while focusing on commercial lending activities that support business growth in its market area.

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About Bank of Oak Ridge (LA) in the United States