State-chartered mutual savings bank in Louisiana specializing in residential mortgages and deposit products since 1890. FDIC-insured with online banking.
Data compiled from public sources · Rating from CreditDoc methodology
Abbeville Building & Loan is a mutual state-chartered savings bank headquartered in Vermilion Parish, Louisiana, with over 135 years of community banking history dating back to 1890. As a mutual institution, it is owned by its depositors rather than external shareholders, which traditionally aligns incentives toward customer service rather than profit maximization. The bank operates as both a mortgage lender and full-service financial institution, serving the Louisiana area with particular focus on residential lending and deposit products.
The bank's primary service offering centers on residential mortgage lending, including home purchase loans, refinancing, construction loans, land loans, and second mortgages. They advertise competitive rates and flexible terms, including first-time homebuyer programs with as little as 3% down and seller-paid closing costs up to 3% of sale price. Beyond mortgages, Abbeville Building & Loan offers a full suite of deposit and savings products including checking accounts with unlimited transactions and free online banking, certificates of deposit with $500 minimum deposits and fixed-rate terms, money market deposit accounts, traditional IRAs, statement savings accounts, and small business savings accounts (opening at $100).
They also provide share loan options to existing customers. Distinguishing features include the mutual ownership structure, long institutional history in Abbeville, FDIC insurance on all deposits, and integration of mortgage and banking services under one institution. The bank emphasizes personalized service through named loan officers (such as Michelle for refinancing inquiries) and positions itself as deeply embedded in the community it serves.
Their online banking platform enables customer enrollment and password resets, indicating modern digital capabilities alongside traditional banking services. The primary limitation is geographic scope—this is a Louisiana-focused community bank without indication of multi-state operations or national reach. Customers outside Vermilion Parish or Louisiana may find access limited.
The website does not provide detailed rate information, specific loan terms, or APY figures for deposit products, requiring customers to contact the bank directly. As a smaller institution, they may lack the product breadth or technology sophistication of larger national banks.
Abbeville Building & Loan (a State-Chartered Savings Bank) processed 191 mortgage applications in 2023, approving 90.6% of applicants across 1 states.
191
Applications
90.6%
Approval Rate
$164K
Avg Loan
1
States Served
Based on 191 applications. Income in thousands (reported by applicant).
Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.
Yes. Abbeville Building & Loan (a State-Chartered Savings Bank) is a registered company, headquartered in Abbeville, LA, founded in 1890.
Account opening typically takes 1-3 business days. Loan decisions vary by product.
CreditDoc Diagnosis
Best for Louisiana residents who prioritize community banking relationships, FDIC protection, and integrated mortgage and deposit services in a mutual ownership structure. Primary caveat is geographic limitation to Louisiana operations and lack of published rate information, requiring direct contact with the bank for pricing and terms.
Community-focused bank in Louisiana offering personal and commercial banking services, with recognition as the #1 SBA lender in the state by loan count and volume.
Best for: Small business owners in Louisiana seeking SBA loans and specialized commercial financing, Louisiana residents wanting personal relationships with local bankers and community-focused service
Community bank operating in Louisiana since 1958, offering checking, savings, loans, and credit/debit cards with a focus on personal service.
Best for: Small business owners in south-central Louisiana seeking community bank relationships, Individuals in Louisiana branch areas prioritizing in-person service and local decision-making
Community-focused bank offering personal checking, savings, CDs, business banking, and CDVantage, a national CD investment platform for investors with $100K+.
Best for: Community-minded customers prioritizing values-based banking and local bank relationships over large national banks, High-net-worth and institutional investors with $100K+ seeking to diversify CD holdings across multiple federally insured institutions
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