Colfax Banking Company

What Colfax Banking Company does

Colfax Banking Company is a privately held community bank founded in 1933 and headquartered at 625 Eighth Street in Colfax, Louisiana. The bank operates five physical branches across Grant Parish and adjacent Central Louisiana — the Colfax Main Office, Prospect, Dry Prong, Pollock, and Kingsville (Pineville) branches — and serves individual retail consumers seeking personal checking, savings, debit card, residential mortgage, and digital banking services within a tightly defined rural market. The institution explicitly positions itself as community-oriented, with marketing copy emphasizing local service ("Small enough to know you. BIG enough to serve you.") alongside modern digital tooling.

The bank's core product portfolio combines traditional branch banking with a digital suite that includes Free Internet Banking, Free Bill Pay with eStatements, Imaged Checks, Mobile Check Deposit (with next-business-day availability for deposits submitted by 2 PM), a Visa Debit Card with 24/7 lost/stolen reporting, and a My Spending personal budgeting tool. Digital channels — iOS and Android mobile applications plus the web banking portal — are delivered on infrastructure provided by technology partner Apiture, and the residential mortgage origination flow is routed through a third-party ZipForHome online application platform integrated into the bank's website. Direct integration with Quicken and Microsoft Money financial software is supported for personal finance management. The bank's stated differentiators are its longevity (over 90 years of continuous operation), community relationships, and branch accessibility rather than proprietary technology.

Colfax Banking Company generates revenue through traditional community banking streams: interest income from mortgage originations, refinancings, and general lending, plus fee-based income from banking services such as debit card maintenance, potential overdraft and wire transfer fees, and Bill Pay / online banking transaction fees. Pricing is not publicly disclosed and is provided upon customer inquiry. Distribution is exclusively regional (Grant Parish and Central Louisiana), customer acquisition relies on community presence and word-of-mouth referrals, and there is no evidence of enterprise or institutional customers, external funding, M&A activity, or expansion beyond the existing five-branch footprint.

Name

Colfax Banking Company

Legal name

Colfax Banking Company

Website

https://colfaxbanking.com

Company type

Private

Founded year

1933

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Colfax

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Lending: Traditional banking revenue generated from mortgage originations, refinancings, and general lending products offered to customers for purchasing or refinancing homes.
2. Banking Service Fees: Fee-based income from banking services including debit card maintenance, potential overdraft fees, wire transfers, and other traditional banking service charges.
3. Digital Banking Services: Revenue generated through Bill Pay services and other online banking transaction fees.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Colfax Banking Company is a community bank that provides consumer deposit accounts, mortgage lending for home purchases and refinancing, and a Visa debit card, distributed through five physical branches in Grant Parish and Central Louisiana. The bank supplements these traditional offerings with a digital banking suite — Internet Banking, iOS/Android mobile apps, Mobile Check Deposit, Bill Pay with eStatements, Imaged Checks, and a personal budgeting tool — built on the Apiture digital banking platform.

Product overview

Colfax Banking Company offers a unified community banking platform centered on traditional branch locations combined with digital banking services. The core product portfolio includes consumer deposit accounts accessible through free Internet Banking (web-based) and Mobile Banking (iOS/Android apps), supporting account management, fund transfers, and secure messaging. The digital suite encompasses Bill Pay with eStatements for paper-free bill management, Mobile Check Deposit for remote deposit capture, Imaged Checks for check record-keeping, and My Spending for personal budgeting. Mortgage products are offered through a third-party partnership (ZipForHome). Physical banking services include five branches across Grant Parish and Central Louisiana with lobby/drive-through hours. The Visa Debit Card provides card-based payment capabilities. All products are positioned for individual consumer use within the Grant Parish and Central Louisiana market area.

Differentiator

Problem solved

Functional benefit

Products and services

• Internet Banking Free online banking platform providing 24/7 account access, fund transfers, bill payment, secure messaging, and direct data export to Quicken and Microsoft Money. Built for consumer account holders of the bank.
• Mobile Banking App Native mobile application for iOS and Android enabling balance checking, account history viewing, bill payment, check deposits, fund transfers, and peer-to-peer text/email payments for consumer account holders.
• Bill Pay with eStatements Free online bill payment service combined with electronic statement delivery, offering paper-free convenience, email notifications, and up to 3 months of statement history with check images stored online.
• Mobile Check Deposit Remote check deposit feature within the mobile app allowing customers to deposit checks anytime using their smartphone camera, with next-day availability for deposits made by 2 PM on business days.
• Imaged Checks Check imaging service providing monthly check images with statements, enabling customers to view and reference cleared checks without retaining paper copies.
• My Spending (Budgeting Tool) Personal budgeting feature within mobile banking that tracks spending by category, allows household budget limits to be set, and sends alerts when limits are reached or exceeded.
• Mortgage Application Long-term home financing service for home purchases and refinancing, accessible through an online application portal provided by third-party partner ZipForHome.
• Visa Debit Card Colfax Banking Company branded Visa debit card for PIN-based and signature-based purchases, with 24/7 lost/stolen card reporting available via phone.
• Traditional Branch Banking Full-service brick-and-mortar banking locations offering lobby and drive-through services, with five branches in Grant Parish and Central Louisiana (Main Office in Colfax, Prospect, Dry Prong, Pollock, and Kingsville branches).

Quantifiable outcome

• Mobile check deposits available next business day for submissions by 2 PM
• +1 more outcomes

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

One partnership is on record.

• ApiturecoreTechnology or IntegrationApiture provides the secure digital banking platform infrastructure for Colfax Banking Company's online and mobile banking services. The partnership includes security statement provisions, mobile privacy disclosures, and the gateway technology powering the bank's digital channels.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Others

• Apiture: Digital banking platform provider powering Colfax Banking Company's internet and mobile banking infrastructure. Relevant as the bank's core technology partner rather than a direct competitor, shaping its digital capabilities.

Direct peers

• Home Bancorp, Inc. Louisiana-based community bank holding company with a multi-branch model serving consumer and small-business customers across the state, offering deposit products, mortgage lending, and digital banking services similar to Colfax.
• Investar Holding Corporation: Louisiana-based community bank holding company headquartered in Baton Rouge with a multi-branch footprint across southern Louisiana. Operates consumer and small-business banking with digital channels comparable to Colfax's offering.
• Origin Bancorp, Inc. Louisiana community bank holding company headquartered in Ruston with a multi-branch presence across Louisiana, Mississippi, Alabama, and Texas. Comparable community banking model with consumer, mortgage, and small-business products.
• First Guaranty Bancshares, Inc. Louisiana-based community bank holding company operating branches across the state. Comparable in branch-based community banking model, consumer deposit focus, and mortgage and small-business lending offerings.
• Red River Bancshares, Inc. Louisiana-based community bank holding company headquartered in Alexandria, just outside Colfax's service area. Operates a multi-branch community banking model with comparable consumer deposit and lending products in Central Louisiana.
• Business First Bancshares, Inc. Louisiana-based community bank holding company offering consumer and commercial banking services with a multi-branch model across the state, closely comparable to Colfax in size and product mix.

Broad incumbents

• Hancock Whitney Corporation: Gulf Coast regional bank with a significant Louisiana branch footprint offering consumer, mortgage, and commercial banking. A larger incumbent operating in Colfax's same geographies with overlapping customer base but a much broader portfolio.
• Community Trust Bancorp, Inc. Multi-state community bank holding company operating across Kentucky, Tennessee, Virginia, and West Virginia with consumer and commercial banking products. Comparable community banking business model but at greater scale and geographic breadth.
• S&T Bancorp, Inc. Community bank holding company headquartered in Indiana, Pennsylvania, with consumer and commercial banking across multiple states. Operates a similar branch-based community banking model and product set, but at materially larger scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Colfax Banking Company