Progressive Bank

What Progressive Bank does

Progressive Bank is a Louisiana-chartered community bank founded in October 1975 as Progressive State Bank in Winnsboro, Louisiana by George W. Cummings, Jr. to serve the agricultural community of Franklin Parish. In 1997, under George W. Cummings, III, the bank expanded into Monroe (Ouachita Parish) and rebranded as Progressive Bank. Over the subsequent decades the franchise grew to nine financial centers across five North Louisiana cities (Monroe, West Monroe, Winnsboro, Bossier City, Shreveport), and as of June 2024 reported assets of more than $812 million, deposits of $681 million, and loans of nearly $520 million, supported by 130+ employees. The institution was family-controlled through its holding company, Progressive Bancorp, Inc., until its January 1, 2026 acquisition by Business First Bancshares, Inc. (NASDAQ: BFST).

The bank operates a full-service community banking model spanning personal and business deposit products (checking, savings, money market, CDs, IRAs, HSAs), residential and commercial lending, treasury management services (PowerLink Remote Deposit Capture, Positive Pay, ACH, merchant services, sweep accounts), private banking, and wealth management delivered through a Raymond James Financial Services affiliation. Its digital layer is built on Fiserv's mobile and online banking platform and includes the PB Mobile app with mobile check deposit, PB Card Control, ProView 360 personal financial management, PB Smart Wallet for Apple Pay/Google Pay integration, and Zelle for person-to-person payments; physical distribution is complemented by the MoneyPass surcharge-free ATM network. Revenue is generated primarily through net interest income on the loan portfolio, deposit-related fees, and wealth management commissions.

On January 1, 2026, Business First Bancshares completed its acquisition of Progressive Bancorp, Inc., adding approximately $773.8 million in assets, $684.9 million in deposits, and nine North Louisiana branches to its b1BANK franchise and bringing combined total assets to approximately $8.7 billion. Progressive's chairman and CEO George Cummings III joined the boards of b1BANK and Business First Bancshares as part of the transaction.

Name

Progressive Bank

Legal name

Progressive Bank

Website

https://progressivebank.com

Company type

Private

Founded year

1975

Operating status

Acquired

Headcount range

101–250 employees

Short description

Progressive Bank was a North Louisiana community bank founded in 1975, operating nine financial centers serving consumers, businesses, agricultural borrowers, and private clients through deposits, lending, treasury management, and wealth services prior to its 2026 acquisition by Business First Bancshares.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Financial Inclusion & Consumer Empowerment (Banking Access, Credit Building) (BPAGALAJ)

Keywords

• Community banking services
• Personal deposit accounts
• Commercial lending solutions
• Treasury management services
• Wealth management products

Headquarters

HQ city

Monroe

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Interest income from loan portfolio (residential mortgages, commercial loans, personal loans, credit cards) minus interest paid on deposits. Core revenue driver for the bank.
2. Non-Interest Income (Fee Income): Fees from deposit services, wire transfers, overdraft fees, ATM fees, credit card transaction fees, wealth management services, and insurance products.
3. Wealth Management and Investment Services: Investment products, retirement planning, 401(k) plan administration, and private banking services through Progressive Financial Advisors and Raymond James Financial Services affiliation.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Progressive Bank is a Louisiana-based community bank that provides personal and business deposit accounts, consumer and commercial loan products, treasury and cash management services, and wealth management offerings to individuals, families, and small-to-mid-sized businesses across its regional footprint. The bank operates full-service branches and digital channels and was acquired by Business First Bancshares in January 2026.

Product overview

Progressive Bank is a regional community bank offering a comprehensive suite of banking products and services through its b1BANK brand, following its January 1, 2026 acquisition by Business First Bancshares. The bank's core offerings include personal and business deposit accounts (checking, savings, money market, CDs, IRAs), residential and commercial lending, credit cards, and wealth management services. Digital banking capabilities are provided via PB Mobile app, Online Banking, and Treasury Management platforms. The bank operates 9 branches across North Louisiana (Monroe, West Monroe, Winnsboro, Bossier City, Shreveport). Key digital products include mobile check deposit, Zelle P2P payments, digital wallets (Apple Pay/Google Pay), and business treasury management services.

Differentiator

Problem solved

Functional benefit

Brands

• b1BANK: Following the acquisition by Business First Bancshares, Progressive Bank branches operate under the b1BANK brand name.
• PB Mobile

Products and services

• Personal Checking Accounts Transaction accounts for individual consumers for everyday deposits, withdrawals, and payments, available through branches, online, and mobile channels.
• Personal Savings and Money Market Accounts Interest-bearing deposit accounts for individual consumers seeking to grow savings balances with FDIC-insured protection.
• Certificates of Deposit Fixed-term time deposit accounts for individual consumers seeking predictable returns over set maturity periods.
• Consumer Loans Personal installment, auto, and unsecured consumer credit products for individual borrowers.
• Residential Mortgage Loans First-lien residential mortgage products for homebuyers and homeowners in the bank's footprint.
• Business Checking Accounts Operating transaction accounts for businesses, including sole proprietors, small businesses, and commercial entities.
• Business Savings and Money Market Accounts Interest-bearing deposit accounts designed for businesses to hold operating reserves and short-term funds.
• Commercial Loans Commercial and industrial lending facilities, including lines of credit, term loans, and owner-occupied real estate financing for businesses.
• Treasury Management Services Cash management, ACH origination, wire transfer, remote deposit, merchant card, and fraud control services for business customers.
• Wealth Management Services Trust, investment advisory, and estate planning services for high-net-worth individuals, families, and institutions.
• Online and Mobile Banking Web and mobile banking platform enabling account access, bill pay, transfers, mobile deposit, and alerts for consumer and business customers.

Quantifiable outcome

• Assets grew from $46 million (1997) to over $812 million (2024) representing 17x growth
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability3 records

Feature7 records

Partnerships

Four partnerships are on record, tiered core.

• MoneyPasscoreTechnology or IntegrationProgressive Bank is a member of the MoneyPass Surcharge-Free ATM Network, providing customers access to tens of thousands of surcharge-free ATMs nationwide.
• Early Warning Services (Zelle)coreTechnology or IntegrationProgressive Bank offers Zelle person-to-person payment service through its digital banking platform, enabling fast money transfers using email or mobile phone numbers.
• Raymond James Financial ServicescoreChannel Partner/ Reseller/ DistributorProgressive Financial Advisors, LLC operates as a Raymond James Financial Services Advisor affiliation, offering investment products and services through Progressive Bank locations.
• Fiserv SolutionscoreTechnology or IntegrationFiserv provides the digital banking technology platform powering Progressive Bank's online and mobile banking services.

Scale indicators9 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Business First Bancshares (b1BANK): Acquirer of Progressive Bancorp (effective January 1, 2026), operating a full-service community/commercial bank headquartered in Baton Rouge, Louisiana. Directly comparable given overlapping Louisiana footprint, similar relationship-based commercial and retail banking model, and now-shared balance sheet after the transaction.
• Origin Bancorp: Louisiana-headquartered community/commercial bank (NASDAQ: OBNK) with a multi-state southern footprint spanning community banking, mortgage, and treasury management. Directly comparable in deposit-funded community banking model, Louisiana market overlap, and commercial lending focus.
• Red River Bancshares: Louisiana-based community bank holding company (NASDAQ: RRBI) headquartered in Alexandria, LA, operating full-service branches across central and north Louisiana. Closest peer in size and pure Louisiana community banking profile, competing for similar North Louisiana deposits and commercial loans.
• First Guaranty Bancshares: Louisiana-chartered bank holding company operating community bank branches across Louisiana, Texas, and Mississippi with comparable commercial banking, treasury, and consumer product breadth. Similar deposit-funded community banking economics.
• Home Bancorp: Lafayette, Louisiana-based community bank holding company (NASDAQ: HBCP) operating full-service branches across the state. Directly comparable in Louisiana community banking model, deposit gathering, and commercial lending focus.
• Investar Holding Corporation: Baton Rouge, Louisiana-based community bank holding company operating full-service branches throughout Louisiana. Comparable in community banking model, consumer and commercial product mix, and Louisiana geographic concentration.

Broad incumbents

• Hancock Whitney Corporation: Gulf Coast regional bank holding company (NASDAQ: HWC) with substantial Louisiana retail and commercial banking presence and a $25B+ asset footprint. Comparable consumer/commercial product stack but at materially greater scale than Progressive.
• Cadence Bank: Regional bank holding company with substantial Louisiana branch presence, offering commercial, treasury, and consumer banking products. Overlaps with Progressive's business banking and treasury management offerings but operates at significantly larger scale.
• Trustmark Corporation: Mississippi-based regional bank holding company with branch presence across the Southeast including Louisiana. Comparable in community/relationship banking model, but operates across a broader geographic footprint and larger balance sheet.
• First Horizon Corporation: Memphis-based regional bank holding company (NYSE: FHN) that absorbed the former IBERIABANK, maintaining deep Louisiana commercial and consumer banking operations. Overlaps with Progressive's commercial banking footprint through IBERIABANK legacy branches.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/ProgressiveBank
• YouTubeyoutube.com/channel/UCrxP5aYA0zpxmEweyJzL5JA
• Facebookfacebook.com/progressivebankla
• LinkedInlinkedin.com/company/progressive-bank
• Instagraminstagram.com/progressive_bank
• Pinterestpin.it/wqxdqeo5d5rels

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Progressive Bank