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Crescent Bank


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

Crescent Bank is headquartered in NEW ORLEANS and is the 11th largest bank in the state of Louisiana. It is also the 833rd largest bank in the nation. It was established in 1991 and as of June of 2024, it had grown to 293 employees at 13 locations. Crescent Bank's savings rates are 6X 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

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Reviews (4)

Excellent Experience So Far!

Posted by: |

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.

11

Great Experience!

Posted by: |

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!

10

Important Documents Not Available Upfront For Review

Posted by: |

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.

23

EWP Problems

Posted by: |

"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."

11


Health
B

Data as of Q2 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #33492
Year Established1991
Employees293
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.57%
Return on Equity - YTD6.69%
Annual Interest Income$109MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$1.27B$1.42B
LoansQ2 2024vs Q2 2023$1.02B$1.14B
DepositsQ2 2024vs Q2 2023$1.15B$1.26B
Equity CapitalQ2 2024vs Q2 2023$111.5MM$135.9MM
Loan Loss AllowanceQ2 2024vs Q2 2023$120.4MM$110.5MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$31.2MM$29.6MM
Real Estate OwnedQ2 2024vs Q2 2023$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.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Crescent Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.25%*$100k*-Jumbo Savings Account
OTHER TIERS: 1.70% → $0 - $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
3.85%†$1k-12 Month CD
3.80%†$1k-18 Month CD
3.50%†$1k-24 Month CD
3.50%†$1k-30 Month CD
3.40%†$1k-36 Month CD Special
3.35%†$1k-48 Month CD
3.30%†$1k-60 Month CD

Crescent Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.80%†$1k-18 Month IRA - New Money
3.80%†$1k-18 Month IRA
3.50%†$1k-24 Month IRA - New Money
3.50%†$1k-24 Month IRA
3.40%†$1k-36 Month IRA - New Money
3.40%†$1k-36 Month IRA
3.35%†$1k-48 Month IRA - New Money
3.35%†$1k-48 Month IRA
3.30%†$1k-60 Month IRA - New Money
3.30%†$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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