FDIC-insured community bank headquartered in Louisiana offering personal and business banking, loans, and cash management services across eight branch locations.
Editorially reviewed by Harvey Brooks
Resource Bank is a traditional community bank operating in Louisiana with eight branch locations spanning Baton Rouge, Bogalusa, Covington, Franklinton, Mandeville, Metairie, New Orleans, and Slidell. The bank positions itself under the tagline "Local Banking. Better Banking," emphasizing personalized service and regional focus.
Resource Bank offers a comprehensive suite of consumer and commercial banking products. On the personal side, they provide checking and savings accounts, personal loans, and MasterCard credit cards, with the ability to open accounts entirely online. For business clients, they offer cash management solutions, remote deposit capture (RPM), lockbox services, wire transfer services, business credit cards, merchant services through Clover payment processing, positive pay fraud prevention, commercial currency services, and payroll/HR solutions through Netchex. They also provide Health Savings Account (HSA) employee benefits for companies offering high-deductible health plans.
Resource Bank distinguishes itself through integrated business solutions and a focus on personalized lending. Their "Customized Loan Options" for both personal and commercial purposes suggest individualized underwriting rather than algorithmic decisions. The bank emphasizes fee-free ATM access through thousands of nationwide locations and offers all-in-one closings for transactions. They are FDIC-insured and backed by the full faith and credit of the U.S. Government, providing standard federal deposit protection.
As a regional community bank, Resource Bank operates within a limited geographic footprint and may not be suitable for customers seeking national branch convenience. The website provides limited information about specific interest rates, fee schedules, or loan terms. Online account opening availability is mentioned but appears to be selective (separate links for new vs. existing clients). For businesses requiring sophisticated treasury management or those outside Louisiana, larger regional or national banks may offer more extensive resources. Many banks offer installment loans with fixed monthly payments, giving borrowers a clear payoff timeline.
Yes. Resource Bank is a registered company headquartered in Covington, LA, founded in 1998. They hold a rating with the Better Business Bureau.
Account opening typically takes 1-3 business days. Loan decisions vary by product.
CreditDoc Diagnosis
Resource Bank is best for small-to-medium businesses and individuals in Louisiana seeking personalized community banking with integrated business solutions. Primary caveat: geographic limitation to eight Louisiana locations may restrict access for non-regional customers, and website lacks transparent pricing and term information needed for rate/fee comparison.
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
FDIC-insured community bank in St. Tammany Parish, Louisiana, offering personal and business banking with 5 branches and a 78-year history of local service.
Best for: St. Tammany Parish residents seeking personalized, community-focused banking with FDIC protection, Small businesses in western St. Tammany Parish needing commercial checking and business loans from a local lender
Heritage Bank of St. Tammany is a Louisiana-based community bank operating since 1924, now merged with OnPath Credit Union to offer expanded branch access and digital banking services.
Best for: Southeast Louisiana residents seeking local community banking with personal relationships and service, Small business owners needing flexible business checking, loans, and merchant services within their region
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