BOM Bank

Overview / Commentary
1000 Caddo Street
Montgomery, LA 71454

BOM Bank is headquartered in Natchitoches and is the 24th largest bank in the state of Louisiana. It is also the 1,428th largest bank in the nation. It was established in 1903 and as of March of 2021, it had grown to 128 employees at 15 locations. BOM Bank has an A health rating.

Related Posts

BOM Bank's Premium Checking Available In Louisiana And Texas - 12/1/2020

BOM Bank now offers its Premium Checking account with a very competitive rate to residents of Louisiana and Texas through an online application.

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Reviews (1)

Absolutely The Worst Bank I Have Ever Encountered !!

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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 - YTD1.94%
Return on Equity - YTD20.67%
Annual Interest Income$6.9MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$624.6MM$522.7MM
LoansQ1 2021vs Q1 2020$538.1MM$421.6MM
DepositsQ1 2021vs Q1 2020$562.2MM$464.6MM
Equity CapitalQ1 2021vs Q1 2020$60.2MM$56.5MM
Loan Loss AllowanceQ1 2021vs Q1 2020$3.8MM$2.5MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$4.1MM$2.7MM
Real Estate OwnedQ1 2021vs Q1 2020$287.00K$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

BOM Bank Savings Account Rates

0.20%--Christmas Club Savings

BOM Bank Checking Account Rates

4.09%*-$15kBOM Premium Checking Account
OTHER TIERS: 0.20% $15k+


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