Overview / Commentary
400 East Thomas Street
Hammond, LA 70401

First Guaranty Bank is headquartered in Hammond and is the 6th largest bank in the state of Louisiana. It is also the 475th largest bank in the nation. It was established in 1934 and as of June of 2018, it had grown to 343 employees at 27 locations. First Guaranty Bank's CD rates are 72% higher than the national average, and it has a B+ health rating.

Related Posts

First Guaranty Bank (LA/TX) Adds 5-year CD Special - 7/27/2018

First Guaranty Bank (LA/TX) has added two CD Specials: 5-year (3.50% APY) and 40-month (3.00% APY). Minimum deposit $500 of new money, with no stated balance cap.

First Guaranty Bank 5 Yr CD 3.5%APY - 7/16/2018

The bank has locations in Louisiana and Texas. $500 minimum to open. According to a CSR, there is no hard pull if only opening the CD, but opening a checking or savings account will trigger one. The EWP is a harsh 24 months of interest on the withdrawal amount. Details: https://www.fgb.net/our-cds-are-hard-to-top

Reviews (2)

this bank was good for general banking needs.

This bank is a local bank that my family use. There are no fees and the people actually know you by name. I banked with them as long as I could but this bank didn't even offer a debit card. They still don't today almost a year later. It's just a basic bank account where you can cash checks or have them go direct deposit, or you write checks. there are no ATMs or debit cards. I would still be banking with them if I could have stood trying to survive without a debit card. That's about as small town as it gets.


Posted by: IronTex | Aug 27, 2018

I got excited about their 3.00% 5-year CD rate that I went in and deposited a significant sum.

Weeks later, several other banks started offering higher rates and I went in to see if I could withdraw.

NORMALLY, with many CD's you only lose the interest you've earned on your deposit, or at worst you suffer a month or two worth of penalties.

But with First Guaranty Bank, they have an insane TWO YEAR penalty on early withdrawal.

It's so huge I would lose basically 6% of my deposit just to withdraw. That's right, not just lose interest but actually lose 6% of my deposit. That high interest rate because high profits for them if you have an emergency and want to withdraw, they penalize you at 2 years worth of those high interest rates!

I almost think they set it up as a scam whereby they hope old people put in their money and then have to withdraw early and lose all their interest and pay parts of their deposit.

By comparison, my Capital One CD has only a 3 month penalty, and most of the banks we have CDs at only take the interest never more than that, if you withdraw early.

So I am literally stuck there for 5 years, and in one or two years it's likely interest rates will be as high as 4% or 4.5.

Basically I made a big mistake and have to treat that money as if it was gone for the next 5 years. I made sure to tell them NOT to auto-renew, be sure to do that if you ever open here because then you'll NEVER see your money (unless they

I actually think their fees may be a violation of banking law and consumer protection, but do not have the time right now to take them to small claims over it and don't want to risk losing 6% of my deposit with no guarantee I'd get the fees back in small claims.


Health Grade Components

FDIC Certificate #14028
Year Established1934
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.07%
Return on Equity - YTD11.03%
Annual Interest Income$37.5MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$1.72B$1.72B
LoansQ2 2018vs Q2 2017$1.16B$1.10B
DepositsQ2 2018vs Q2 2017$1.54B$1.55B
Equity CapitalQ2 2018vs Q2 2017$165.2MM$168.9MM
Loan Loss AllowanceQ2 2018vs Q2 2017$10.8MM$11.6MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$8.3MM$18.2MM
Real Estate OwnedQ2 2018vs Q2 2017$1.2MM$734.00K
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not First Guaranty 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.

First Guaranty Bank Savings Account Rates

0.30%*$1m*-Health Savings Account
OTHER TIERS: 0.05% Up to $1.5k | 0.07% $1.5k - $100k | 0.12% $100k - $1m
0.05%$100-Regular Savings
0.05%$100-Business Savings
0.05%$5-Christmas Club Savings

First Guaranty Bank Money Market Rates

0.35%*$1m*-Guaranty Money Market
OTHER TIERS: 0.05% $1.5k - $100k | 0.15% $100k - $1m
0.35%*$1m*-Business Guaranty Money Market
OTHER TIERS: 0.05% $1.5k - $100k | 0.15% $100k - $1m

First Guaranty Bank Checking Account Rates

1.00%$5k-Advantage Checking Account
0.30%*$1m*-Sole Proprietor Now
OTHER TIERS: 0.05% Up to $1.5k | 0.07% $1.5k - $100k | 0.12% $100k - $1m
0.30%*$1m*-Non-Profit Now
OTHER TIERS: 0.05% Up to $1.5k | 0.07% $1.5k - $100k | 0.12% $100k - $1m

First Guaranty Bank CD Rates

3.50%$500-5 Year CD Special - New Money
3.25%$500-5 Year Variable Rate CD
3.10%$500-40 Month Variable Rate CD
3.00%$500-5 Year CD
3.00%$500-6 Year CD
3.00%$500-7 Year CD
3.00%$500-8 Year CD
3.00%$500-40 Month CD Special - New Money
2.35%$500-4 Year CD
2.10%$500-2 Year Variable Rate CD
2.05%$500-3 Year CD
2.00%$500-2 Year CD
1.85%$500-18 Month CD
1.55%$500-1 Year CD
0.30%$500-6 Month CD
0.15%$500-90 Day CD
0.10%$500-30 Day CD

First Guaranty Bank IRA Rates

3.25%$500-5 Year Variable Rate IRA
3.10%$500-40 Month Variable Rate IRA
3.00%$500-5 Year IRA
3.00%$500-6 Year IRA
3.00%$500-7 Year IRA
3.00%$500-8 Year IRA
2.35%$500-4 Year IRA
2.19%$500-1 Year Target IRA
2.10%$500-2 Year Variable Rate IRA
2.05%$500-3 Year IRA
2.00%$500-2 Year IRA
1.85%$500-18 Month IRA
1.55%$500-1 Year IRA
0.30%$500-6 Month IRA


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.