Established in 1901, Community Bank of Louisiana has $494 million in assets along with deposits totaling $457 million, ranking it as a medium-size bank. Community Bank of Louisiana, whose headquarters are in Mansfield, Louisiana, lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a score of 3.4 out of 5 stars, Community Bank of Louisiana should be more closely inspected to see if its features satisfy your needs. Community Bank of Louisiana provides customers with the complete slate of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate; other popular banks have higher rates. The bank's standard checking product features a $3.50 monthly fee, which places it at the higher end of monthly fees. Finding a checking account with no monthly fee, in addition to a savings account with a high APY at the same bank is your best option for getting the most income from your deposits while maintaining convenient access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.12%, Community Bank of Louisiana ranks poorly in comparison to the average U.S. bank. Community Bank of Louisiana's one-year CD earns at a rate of 1.00%, while its highest-yielding money market account has a rate of 0.12%. Given its poor savings rate, you should consider other options to earn more on your deposits.
How Community Bank of Louisiana's Savings Rates Compare
Community Bank of Louisiana charges customers high fees compared to the average U.S. bank. At $3.50/month, Community Bank of Louisiana's checking account is not ideal for people who want a hassle-free banking experience. Community Bank of Louisiana unfortunately does not refund out-of-network ATM charges, meaning you will need to search for a Community Bank of Louisiana ATM or pay the cost of withdrawal.
Community Bank of Louisiana is a brick-and-mortar bank, with 10 total bank locations in Louisiana. With mobile and web apps, Community Bank of Louisiana makes mobile banking convenient, even on the go. You can use Community Bank of Louisiana's app to manage your funds by reviewing account balances, transferring funds as well as accessing customer service. Community Bank of Louisiana receives an outstanding consumer satisfaction rating based on relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.
Community Bank of Louisiana is currently a medium-size bank with $494 million in assets as well as $457 million in deposits. Community Bank of Louisiana has a strong Texas Ratio of 5.53%, suggesting that the bank is in good financial shape and improbable to fail. Additionally, Community Bank of Louisiana is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.
Texas Ratio Analysis
The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.Back to Overview
Compare Community Bank of Louisiana to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.12% APY||$500|
|Checking Account||0.12% APY||$5000|
|Certificates of Deposit|| ||$2500 for all terms|
|Money Market Accounts||0.1% APY 0.12% APY||$10000 $15000|
Community Bank of Louisiana offers several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Community Bank of Louisiana does not have the best savings rate, which means you should consider taking a look elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Community Bank of Louisiana's CD rates are fair as compared against the national average.Back to Overview
Find a Community Bank of Louisiana Near Me
Community Bank of Louisiana has 10 locations in the U.S.Back to Overview