Crescent Bank is headquartered in New Orleans and is the 13th largest bank in the state of Louisiana. It is also the 812th largest bank in the nation. It was established in 1991 and as of June of 2022, it had grown to 391 employees at 15 locations. Crescent Bank's CD rates are 5X the national average, and it has an A health rating.
Related Posts
10/24 - 30 Month CD Now At 4% APY
10/13 - Crescent Bank Long-Term CDs Jump To Near Rate Leading Levels
9/12 - Crescent Bank Ups Nationally Available Long-Term CD Rates
6/6 - Crescent Bank Raises Rates On Its Nationally Available CDs
6/4 - Crescent CD Rates Back Up Again, 18 Month (2.30%APY) Takes Nationwide Lead
5/12 - Crescent Bank Now Offers Very Competitive CDs Nationwide
4/27 - 24 Month CD 2%
11/10/14 - Crescent Bank (LA) Raises Rates On 7 CDs To Competitive Rates - Local
11/7/14 - Crescent Bank CD Rates
9/5/14 - Crescent Bank (LA) Offers 3 Top Performing CDs - Locally Available Only
5/16/12 - Top Mid-Term & Long-Term CD Rates at Crescent Bank & Trust in Louisiana
1/8/10 - 2.40% 18-Month CD & 3.40% 44-Month CD at Crescent Bank & Trust in Louisiana - Local Only
1/20/09 - 4.00% 9-Month CD, 4.10% 15-Month CD and Other CD Specials at Crescent Bank & Trust in Louisiana
11/19/08 - 4.65% 15-Month / 5.00% 44-Month CD at Crescent Bank & Trust in Louisiana
9/18/08 - 5.00% 44-Month CD at Crescent Bank & Trust in Louisiana
Excellent Experience So Far!
11/2022: Opened two 5yr CDs with Crescent Bank. Full disclosures were provided during the online application process, before final submission. Instantly got a knowledgeable person on the phone to correct my data entry mistake discovered post-application. Two days later, my CDs are open, external funding bank linked, initial ACH deposits in-process and CDs already showing interest earned. Very pleased with Crescent!
Great Experience!
Just opened a 5 yr. CD with this bank. Instantly got thru to an actual person when called, and the application process was easy. Very pleased!
Important Documents Not Available Upfront For Review
Here is my hesitation with this bank.
1. You can only see disclosures after applying for an account (per CSR). Disclosures are not available for review prior.
2. Same situation with fee schedule.
3. For IRA CDs, they do not have an IRA savings or money market, thus there is no place to park your money once the IRA CD matures until you decide how to proceed.
Secrecy from a bank makes me nervous.
EWP Problems
"If we consent to a request for a withdrawal that is otherwise not permitted, you may have to pay a penalty.
The penalty will be an amount equal to 90 Days at the current interest rate for a 12 Month CD or 180 Days at
the current interest rate for all other terms."
"If" seems to imply they can reject an early withdrawal.
"The Bank reserves the right to terminate this Agreement or to change the charges, fees or other terms
described in this Agreement at any time. When changes are made, we will notify you by: 1) electronic mail; 2)
physical mail at the address shown in our records; or 3) update of our website."
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 33492 |
| Year Established | 1991 |
| Employees | 391 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.5% |
| Return on Equity - YTD | 9.5% |
| Annual Interest Income | $78.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $1.26B$931.7MM |
| Loans | Q2 2022vs Q2 2021 | $1.05B$768.0MM |
| Deposits | Q2 2022vs Q2 2021 | $1.05B$744.4MM |
| Equity Capital | Q2 2022vs Q2 2021 | $177.7MM$164.3MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $40.0MM$35.1MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $26.1MM$16.9MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |