BOM Bank

Overview / Commentary
1000 Caddo Street
Montgomery, LA 71454

BOM Bank is headquartered in Natchitoches and is the 23rd largest bank in the state of Louisiana. It is also the 1,349th largest bank in the nation. It was established in 1903 and as of June of 2020, it had grown to 129 employees at 15 locations. BOM Bank has an A health rating.

Reviews (1)

Absolutely The Worst Bank I Have Ever Encountered !!

Posted by: |

I applied to open a checking account well over a month ago, I immediately got a confirmation number for my application,,,,and then nothing !
After over a month of waiting, I called and they said they would send me a packet (via USPS) that required numerous had to be notorized !!??? Who does that anymore?? Had I not called, I don't think I would have ever heard anything from them?
I signed the documents and had them notarized as request and sent them back USPS priority mail. 5 days after my signed documents were received and 7 days after they were mailed I heard nothing from BOM Bank.
I called BOM Bank to find out the status of my account and was informed that I forgot to sign one of the documents...grrrrrrrrrrrr . I was never notified of this and was told that the document was mailed back to me to be signed and returned again by via USPS Mail ......grrrrrrr
This was the last straw. I told them to cancel my application for an account, and to not submit my $100 opening deposit for payment.
They where sympathetic and they claim this kind of account is all new to them, But who wants to deal with a bank with poor customer service and who does not have a clue as to how easy and fast it is for other banks to open an account online.
While waiting for BOM Bank to sent me documents to open my account, I had already opened another high interest checking account, all online in less than a week.


Health Grade Components

FDIC Certificate #1373
Year Established1903
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.77%
Return on Equity - YTD16.99%
Annual Interest Income$12.3MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$612.1MM$450.6MM
LoansQ2 2020vs Q2 2019$521.1MM$376.9MM
DepositsQ2 2020vs Q2 2019$515.0MM$405.5MM
Equity CapitalQ2 2020vs Q2 2019$58.6MM$43.2MM
Loan Loss AllowanceQ2 2020vs Q2 2019$3.5MM$2.2MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$2.0MM$2.4MM
Real Estate OwnedQ2 2020vs Q2 2019$0$60.00K
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BOM Bank Savings Account Rates

0.20%--Christmas Club Savings

BOM Bank Checking Account Rates

4.09%-$15kBOM Premium Checking Account


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