Crescent Bank


Overview / Commentary
504-586-7019
1100 Poydras Street, Suite 100
New Orleans, LA 70163

Crescent Bank is headquartered in NEW ORLEANS and is the 10th largest bank in the state of Louisiana. It is also the 768th largest bank in the nation. It was established in 1991 and as of December of 2023, it had grown to 301 employees at 13 locations. Crescent Bank's savings rates are 8X the national average, and it has a B+ health rating.

Related Posts

Rate Cuts Across The Board @ Crescent - 1/26/2024

Crescent Bank just cut its rates, lowering them across the board. 12 mo 5.15 -> 4.85 18 mo 5.00 -> 4.70 24 mo 4.80 -> 4.50 30 mo 4.55 -> 4.25 36 mo 4.50 -> 4.20 48 mo 4.25 -> 3.95 60 mo 4.20 -> 3.90

Crescent Bank 24-Month Online CD Rate Climbs Up - 12/5/2023

Crescent Bank recently raised the rate on its nationally available 24-month Online CD to a near rate-leading level. Minimum opening deposit is $1k of new money.

Crescent Bank 12-Month Online CD Has New Near-Rate Leading APY - 7/6/2023

Crescent Bank recently upped the rate on its nationally available 12-month Online CD to near rate-leading status. Minimum opening deposit is $1k of new money.

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Reviews (5)

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!

3/24/2023 Update: I just opened another 5yr CD with Crescent Bank, it took them less than 24 hours to process my application, open the CD and verify the trial deposits for ACH. I called a few times with questions, they answered promptly and were knowledgeable. I am still pleased with Crescent bank.

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.

What The ????

Before I completed the application, they rejected me. What kind of business rejects you before you complete the application?

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."



Health
B+

Health Grade Components

Overall
FDIC Certificate #33492
Year Established1991
Employees301
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-0.68%
Return on Equity - YTD-5.93%
Annual Interest Income$222.8MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$1.42B$1.41B
LoansQ4 2023vs Q4 2022$1.14B$1.18B
DepositsQ4 2023vs Q4 2022$1.25B$1.22B
Equity CapitalQ4 2023vs Q4 2022$156.9MM$169.3MM
Loan Loss AllowanceQ4 2023vs Q4 2022$71.8MM$41.8MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$39.1MM$37.1MM
Real Estate OwnedQ4 2023vs Q4 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Crescent Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Crescent Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.15%*$100k*-Jumbo Savings Account
OTHER TIERS: 1.70% Up to $100k
1.70%$100-Commercial Savings
1.70%$100-Personal Statement Savings

Crescent Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.20%*$100k*-Personal Money Market Account
OTHER TIERS: 1.70% $1k - $100k
2.20%*$100k*-Commercial Money Market Account
OTHER TIERS: 1.70% $1k - $100k

Crescent Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$1k-Personal NOW Checking
0.50%$1k-Business NOW Account

Crescent Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$1k-12 Month CD
5.00%$1k-24 Month CD Special
4.90%$1k-18 Month CD
4.65%$1k-30 Month CD
4.60%$1k-36 Month CD
4.15%$1k-48 Month CD
4.10%$1k-60 Month CD

Crescent Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$1k-24 Month IRA - New Money
5.00%$1k-24 Month IRA
4.90%$1k-18 Month IRA - New Money
4.90%$1k-18 Month IRA
4.60%$1k-36 Month IRA - New Money
4.60%$1k-36 Month IRA
4.15%$1k-48 Month IRA - New Money
4.15%$1k-48 Month IRA
4.10%$1k-60 Month IRA - New Money
4.10%$1k-60 Month IRA
Locations


Crescent Bank Locations
Metairie Branch2201 Veterans BoulevardMetairie, LA 70005
Crescent Bank & Trust1100 Poydras StNew Orleans, LA 70163
Northshore Branch1810 North Causeway Blvd.Mandeville, LA 70471

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