Crescent Bank

Overview / Commentary
1100 Poydras Street, Suite 100
New Orleans, LA 70163

Crescent Bank is headquartered in NEW ORLEANS and is the 9th largest bank in the state of Louisiana. It is also the 730th largest bank in the nation. It was established in 1991 and as of June of 2023, it had grown to 407 employees at 13 locations. Crescent Bank's savings rates are 9X the national average, and it has an A health rating.

Related Posts

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.

12 Mos @ 5.45% APY - 7/5/2023

For someone looking for a short-term 12 mo CD, Crescent Bank has a 12 mo @ 5.45%. For some reason the rates aren't listed on DA so it's not showing up. Note that upon CD maturity, Crescent can either send a check in the mail or transfer the funds back to the same institution & account where the funds were first drawn from to open the CD. Other rates: 12 mo: 5.45% 18 mo: 5.20% 24 mo: 5.00% 30 mo: 4.80% 36 mo: 4.75% 48 mo: 4.55% 60 mo: 4.40%

Crescent Bank CD Rates Shown On Depositaccounts Needs Update - 5/19/2023 shows 4 yr CD yield at 4.55% I was just on Crescent's website where it shows online CD at 4.00% Just for completeness, here is what the website shows for CDs: 12 mo -4.90 % 18 -4.75 24 -4.35 30 -4.00 36 -4.00 48 -4.00 60 -3.95

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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 Grade Components

FDIC Certificate #33492
Year Established1991
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.01%
Return on Equity - YTD0.08%
Annual Interest Income$110.1MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$1.45B$1.26B
LoansQ2 2023vs Q2 2022$1.18B$1.05B
DepositsQ2 2023vs Q2 2022$1.26B$1.05B
Equity CapitalQ2 2023vs Q2 2022$168.3MM$177.7MM
Loan Loss AllowanceQ2 2023vs Q2 2022$67.9MM$40.0MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$29.6MM$26.1MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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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

4.50%*$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

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

0.50%$1k-Personal NOW Checking
0.50%$1k-Business NOW Account

Crescent Bank CD Rates

5.50%$1k-12 Month CD - New Money
5.40%$1k-24 Month CD - New Money
5.30%$1k-18 Month CD - New Money
5.05%$1k-30 Month CD - New Money
5.00%$1k-36 Month CD - New Money
4.75%$1k-48 Month CD - New Money
4.70%$1k-60 Month CD - New Money

Crescent Bank IRA Rates

5.40%$1k-24 Month IRA - New Money
5.40%$1k-24 Month IRA
5.30%$1k-18 Month IRA - New Money
5.30%$1k-18 Month IRA
5.00%$1k-36 Month IRA - New Money
5.00%$1k-36 Month IRA
4.75%$1k-48 Month IRA - New Money
4.75%$1k-48 Month IRA
4.70%$1k-60 Month IRA - New Money
4.70%$1k-60 Month IRA

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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