Community bank founded in 1903 in Montgomery, Louisiana, now with over $1.5 billion in assets, 26 branches across Louisiana and Texas, and 225+ employees serving 44,000+ customers.
Data compiled from public sources · Rating from CreditDoc methodology
Bank of Montgomery (BOM) is a community bank established on June 9, 1903 in Montgomery, Louisiana, originally founded by local businessmen to serve the financial needs of Grant Parish. The bank opened with $15,000 in capital and has grown into one of the larger community banking institutions in the region, now holding over $1.5 billion in assets with more than $151 million in capital.
BOM operates 26 branches across two states, covering Grant, Natchitoches, Sabine, Bienville, Bossier, Caddo, and Rapides Parishes in Louisiana, plus Sabine, Angelina, Montgomery, Shelby, and Tyler Counties in Texas. The bank employs over 225 staff members and serves more than 44,000 customers across these markets.
The bank's expansion beyond its original Grant Parish base began in 1996 with a branch opening in Derry, Natchitoches Parish. At that time, BOM held $18 million in assets — the growth to $1.5 billion represents roughly 80x expansion over three decades while maintaining its community banking model.
BOM is led by President and CEO Ken Hale, a direct descendant of the Wardlow family who helped found the bank. Hale represents the 5th generation of the family to run the institution and serves as the 6th President and CEO in the bank's history. This multi-generational family ownership is uncommon in modern banking and reflects the bank's deep roots in the communities it serves.
In 2006, BOM expanded beyond traditional banking by establishing BOM Financial Services, a wholly owned subsidiary offering insurance and investment products. In 2016, BOMFS acquired The Traber Agency, a local independent insurance agency with over 100 years of history. As of 2024, BOM Financial Services serves over 3,500 customers.
The bank provides a full range of personal and commercial banking products and services, with an emphasis on community reinvestment, financial literacy programs, and staff development through continuing banking education.
Bom Bank processed 260 mortgage applications in 2023, approving 87.7% of applicants across 2 states.
260
Applications
87.7%
Approval Rate
$254K
Avg Loan
2
States Served
Based on 260 applications. Income in thousands (reported by applicant).
Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.
Yes. Bom Bank is a registered company, headquartered in Montgomery, LA, founded in 1903.
Account opening typically takes 1-3 business days. Loan decisions vary by product.
CreditDoc Diagnosis
This profile cannot be completed. The company's website is inaccessible, making it impossible to verify any factual claims about Bom Bank's services, legitimacy, or suitability for any consumer segment. Do not proceed with this company until the website access issue is resolved and full verification can occur.
State-chartered mutual savings bank in Louisiana specializing in residential mortgages and deposit products since 1890. FDIC-insured with online banking.
Best for: Louisiana residents seeking both residential mortgage and deposit products from a community-focused bank, First-time homebuyers in Vermilion Parish with limited down payment savings
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
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