Crescent Bank
Crescent Bank is a privately held, FDIC-insured Louisiana-chartered community bank headquartered in New Orleans, offering retail deposit products (CDs, savings, money market, checking) and commercial loans to individual consumers and SMBs nationwide via digital channels and two local branches, following its 2025 divestiture of the auto finance division.
- Company typePrivate
- Founded1991
- HeadquartersNew Orleans, United States
- Headcount251–500
- GTM typeB2C
- OfferingServices
What Crescent Bank does
Crescent Bank is a privately held, Louisiana-chartered, FDIC-insured community bank headquartered in New Orleans, founded in 1991 by Gary N. Solomon Sr. and Fred B. Morgan III after acquiring the assets of Columbia Homestead. As of June 2025, the bank held approximately $1 billion in total assets and operated with a consolidated retail banking and auto finance model. The retail banking platform offers certificates of deposit (12-60 month terms, currently 4.15% APY on 18-month), Jumbo Savings (3.00% APY), Personal Statement Savings (1.70% APY), tiered Money Market accounts (3.25-3.50% APY), Personal and Commercial Checking, IRAs, debit cards, and safe deposit boxes, distributed through two physical branches in the greater New Orleans metropolitan area (Metairie and the recently closed Poydras Street location) alongside a nationwide online banking portal and mobile application.
The bank historically operated a separate auto finance subsidiary, Crescent Auto Finance, providing indirect subprime auto lending through a network of over 1,200 franchise and independent dealers across more than 34 states, with credit decisions reportedly rendered within 15 seconds of application receipt. Over a 30-year history, Crescent originated over $5.3 billion in auto loans. In June 2025, the bank announced a definitive agreement to divest the auto financing division to Arra Finance, transferring an $815 million originated loan portfolio and approximately 180 employees, while retaining the retail banking, commercial lending, and recreational/specialty loan (RVs, boats) businesses.
The revenue model is a traditional interest-spread community banking model: net interest income from loans and securities funded by retail deposits, supplemented by transaction and service fees (ATM, debit card replacement, safe deposit box rental, commercial checking transaction fees, and personal checking maintenance fees). The customer base spans individual retail consumers (locally for branch banking, nationally for CDs and high-yield savings) and small-to-medium businesses (commercial checking and lending), with no disclosed anchor customer concentration. Following the June 2025 divestiture, the bank is repositioning as a smaller, retail-focused community bank with nationwide digital deposit-gathering capability.
Crescent Bank firmographics
Firmographics- Name
- Crescent Bank
- Legal name
- Crescent Bank
- Website
- https://cbtno.com
- Company type
- Private
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Crescent Bank is a privately held, FDIC-insured Louisiana-chartered community bank headquartered in New Orleans, offering retail deposit products (CDs, savings, money market, checking) and commercial loans to individual consumers and SMBs nationwide via digital channels and two local branches, following its 2025 divestiture of the auto finance division.
- Ownership category
- akta.pro rank
Crescent Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)
Keywords
Where Crescent Bank is headquartered
LocationHeadquarters
- HQ city
- New Orleans
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Crescent Bank business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Interest Income - Auto Loans: Interest earned from subprime auto loan portfolio. The bank has originated over $5.3 billion in auto loans over 30 years and originated $652 million in the last two years prior to the Arra acquisition.
- Interest Income - Certificates of Deposit: Interest-bearing deposit accounts offering competitive rates (4.15% APY for 18-month CDs) to consumers and investors nationwide.
- Interest Income - Savings Accounts: Jumbo Savings (3.00% APY) and Personal Statement Savings (1.70% APY) accounts generating interest income.
- Interest Income - Money Market Accounts: Tiered money market accounts with rates ranging from 3.25% to 3.50% APY based on balance tiers.
- Fee Income - Auto Loan Servicing: Processing fees from auto loan payments including MoneyGram and Western Union third-party payment processing.
- Fee Income - Debit Cards: ATM withdrawal fees ($1.25 for other bank ATMs) and card replacement fees ($5).
- Fee Income - Safe Deposit Boxes: Annual rental fees for safe deposit boxes ranging from $20 to $100 depending on size.
- Fee Income - Commercial Checking: Monthly service charges ($8), transaction fees per check ($0.15), per deposit ($0.15), and per item ($0.08).
- Fee Income - Personal Checking: Monthly maintenance fees based on average balance ($0 to $10 depending on balance tier).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | 18-month Certificate of Deposit - 4.15% APY |
| Subscription | Annual | Multiple CD Terms Available |
| Subscription | Monthly | Jumbo Savings - 3.00% APY |
| Subscription | Quarterly | Personal Statement Savings - 1.70% APY |
| Subscription | Monthly | Money Market Account - Tiered Rates 3.25%-3.50% APY |
| Subscription | Monthly | Personal Checking - Tiered Monthly Fees |
| Subscription | Monthly | Commercial Checking - $8 Monthly + Transaction Fees |
| Subscription | Monthly | Business NOW Account - 0.50% APY |
| Subscription | Annual | Safe Deposit Boxes - $20-$100 Annual |
| Unit Pricing | Pay-as-you-go | Debit Card Fees |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels5 records
Crescent Bank product offering
Product offeringCore offering
A Louisiana-chartered, FDIC-insured community bank headquartered in New Orleans offering retail banking products (certificates of deposit, savings, checking, money market accounts, IRAs, debit cards, and safe deposit boxes) and commercial banking services. The bank also operates a Crescent Auto Finance division that provides indirect subprime auto financing through dealer networks, and a Recreational & Specialty Loan unit financing RVs and boats, with products accessible both through physical branches in greater New Orleans and online nationwide.
Product overview
Crescent Bank is a Louisiana-chartered, FDIC-insured community bank headquartered in New Orleans offering a diversified portfolio of financial products and services. The bank operates two business segments: (1) Retail Banking comprising certificates of deposit, personal and commercial checking, savings (Jumbo Savings and Personal Statement Savings), money market accounts, IRAs, debit cards, and safe deposit boxes; and (2) Auto Finance under the Crescent Auto Finance sub-brand providing subprime indirect auto lending through dealers nationwide. The bank also offers recreational and specialty loans for RVs and boats. All products are accessible through online and mobile banking platforms with 24/7 account management capabilities.
Differentiator
Problem solved
Functional benefit
Products and services
- Certificate of Deposit (CD)
Quantifiable outcome
- Credit decisions made within 15 seconds of application receipt
- +2 more outcomes
Companies that use Crescent Bank
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
Crescent Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature3 records
Crescent Bank partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Arra FinanceflagshipArra Finance entered into a definitive agreement to acquire Crescent Bank's auto financing division. The deal will transfer Crescent's $815 million auto loan portfolio to Arra as servicer, along with e-contracting, internal loan servicing, and auto-decisioning capabilities. Approximately 180 Crescent employees will join Arra, expanding their team sixfold. The transaction was expected to close in Q3 2025.
Scale indicators5 records
Recent moves8 records
Expansion highlights5 records
Crescent Bank competitors and assessment
Company assessmentBroad incumbents
- Hancock Whitney Corporation: Regional financial holding company with Gulf Coast presence including Louisiana, offering retail and commercial banking services at much larger scale than Crescent Bank, providing a relevant ceiling reference for community bank peers.
- MidSouth Bancorp (BancorpSouth): Multi-state community-focused bank with Louisiana presence, offering similar retail deposit and small business banking products at larger scale—useful comparable for understanding regional community bank dynamics.
Direct peers
- Investar Holding Corporation: Louisiana-based community bank holding company operating a similar retail/commercial banking franchise with deposit-gathering focus and digital banking capabilities, directly comparable to Crescent Bank's profile and Louisiana geography.
- QCR Holdings: Multi-state community bank holding company with retail/commercial banking franchise of similar size to Crescent Bank, providing a relevant peer for community bank valuation and operating metrics.
- Origin Bancorp: Louisiana-chartered community bank holding company headquartered in Ruston, LA, with comparable retail and commercial banking products and a similar mid-sized community bank footprint overlapping Crescent Bank's home market.
- Home Bank (Home Bancorp): Lafayette, Louisiana-based community bank offering comparable deposit products (CDs, savings, checking) and small business banking services in the same regional market as Crescent Bank.
- Heritage Commerce Corp: California-based community bank holding company operating a similar business model of retail deposits, commercial banking, and small business lending with comparable asset size to Crescent Bank.
- Equity Bancshares: Kansas-based community bank holding company with similar mid-sized asset profile, retail and commercial banking products, and a multi-state community bank growth strategy analogous to Crescent Bank's positioning.
- First Mid Bancshares: Illinois-based community bank holding company with retail banking, mortgage, and commercial banking services at comparable scale to Crescent Bank, useful for community bank multi-product peer benchmarking.
- Northrim BanCorp: Alaska-based community bank with a similar relationship-based retail and commercial banking model, comparable asset size, and similar emphasis on local market deposit gathering.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights5 records
Customer concentration
Crescent Bank social profiles
Digital presenceCrescent Bank compliance and trust
Trust signalCompliance5 records
Crescent Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Crescent Bank leadership team
Management profileNumber of profiles
Profiles1 record
Crescent Bank subsidiaries and ownership
Company hierarchySubsidiaries1 record
Crescent Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Crescent Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Crescent Bank
What does Crescent Bank do?
A Louisiana-chartered, FDIC-insured community bank headquartered in New Orleans offering retail banking products (certificates of deposit, savings, checking, money market accounts, IRAs, debit cards, and safe deposit boxes) and commercial banking services. The bank also operates a Crescent Auto Finance division that provides indirect subprime auto financing through dealer networks, and a Recreational & Specialty Loan unit financing RVs and boats, with products accessible both through physical branches in greater New Orleans and online nationwide.
Is Crescent Bank a public or private company?
Crescent Bank is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Crescent Bank founded?
Crescent Bank was founded in 1991. It employs 251 to 500 people.
Where is Crescent Bank based?
Crescent Bank is headquartered in New Orleans, United States, in the North America region.
How does Crescent Bank make money?
Nine revenue lines are on record. Interest Income - Auto Loans are the primary driver. The others are interest Income - Certificates of Deposit, interest Income - Savings Accounts, interest Income - Money Market Accounts, fee Income - Auto Loan Servicing, fee Income - Debit Cards, fee Income - Safe Deposit Boxes, fee Income - Commercial Checking and fee Income - Personal Checking.
Who are Crescent Bank's main competitors?
Broad incumbents on record are Hancock Whitney Corporation and MidSouth Bancorp (BancorpSouth). Direct peers are Investar Holding Corporation, QCR Holdings, Origin Bancorp, Home Bank (Home Bancorp), Heritage Commerce Corp, Equity Bancshares, First Mid Bancshares and Northrim BanCorp.
Does Crescent Bank have an API?
No public API is recorded for Crescent Bank.
What industry is Crescent Bank in?
Crescent Bank's product category is Community Banking. Its primary akta.pro industry code is FSABABAC, SME Deposits & Business Accounts (Operating, Savings, CDs). Its NAICS code is 52211 and its SIC code is 6022.