Crescent Bank is headquartered in NEW ORLEANS and is the 18th largest bank in the state of Louisiana. It is also the 980th largest bank in the nation. It was established in 1991 and as of March of 2025, it had grown to 288 employees at 13 locations. Crescent Bank's savings rates are 6X the national average, and it has a B health rating.
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.
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 Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 33492 |
| Year Established | 1991 |
| Employees | 288 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.04% |
| Return on Equity - YTD | 21.07% |
| Annual Interest Income | $44.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $1.06B$1.32B |
| Loans | Q1 2025vs Q1 2024 | $844.7MM$1.06B |
| Deposits | Q1 2025vs Q1 2024 | $934.2MM$1.19B |
| Equity Capital | Q1 2025vs Q1 2024 | $109.2MM$116.1MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $93.9MM$120MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $24.4MM$29.9MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |