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 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

Crescent Bank 30-Month CD Is New Rate Leader - 1/24/2023

Crescent Bank has boosted the rate on its nationally available 30-month Online CD to rate-leading status.. Minimum opening deposit is $1k of new money.

4.90% APY On 12 Month CD – ONLY THROUGH 12/01/2022 - 12/1/2022

4.90% APY on 12 month Certificate of Deposit (CD), ONLY THROUGH TODAY 12/01/2022 Crescent Bank – https://www.cbtno.com/banking/certificates-of-deposit/

30 Month CD Now At 4% APY - 10/24/2022

Small bump up, but now the 30 month is at 4%, same as the 36month. EWP 180 days.

View all posts from:


Reviews (4)

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."



Health

Health Grade Components

Overall
FDIC Certificate #33492
Year Established1991
Employees391
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.5%
Return on Equity - YTD9.5%
Annual Interest Income$78.4MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.26B$931.7MM
LoansQ2 2022vs Q2 2021$1.05B$768.0MM
DepositsQ2 2022vs Q2 2021$1.05B$744.4MM
Equity CapitalQ2 2022vs Q2 2021$177.7MM$164.3MM
Loan Loss AllowanceQ2 2022vs Q2 2021$40.0MM$35.1MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$26.1MM$16.9MM
Real Estate OwnedQ2 2022vs Q2 2021$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
2.20%$100k-Jumbo Savings Account
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
1.40%$1k-Personal NOW Checking
1.40%$1k-Business NOW Account

Crescent Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.65%$1k-18 Month CD - New Money
4.65%$1k-24 Month CD - New Money
4.65%$1k-30 Month CD - New Money
4.60%$1k-12 Month CD - New Money
4.50%$1k-36 Month CD - New Money
4.50%$1k-48 Month CD - New Money
4.50%$1k-60 Month CD - New Money

Crescent Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.65%$1k-18 Month IRA
4.65%$1k-24 Month IRA
4.50%$1k-36 Month IRA
4.50%$1k-48 Month IRA
4.50%$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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