Resource Bank - Banks
Bank headquartered in Covington, Louisiana · Borrow & Fund
About Resource Bank
Resource Bank is a bank headquartered in Covington, Louisiana, established in July 1998. It is regulated by the FDIC and is part of the holding company Resource Bankshares Inc. The bank operates 11 branch offices and reports total assets of $980.75 million and total deposits of $803.01 million. It is one of the banks in Louisiana serving the southeastern part of the state. The bank was founded during a period of consolidation in the banking industry, with the aim of offering a smaller, community-oriented setting for customers and staff. It emphasizes personal service, knowledgeable employees, and active participation in local causes, and its staff often hold leadership roles in nonprofit groups. Its locations span St. Tammany, Washington, Jefferson, Orleans and East Baton Rouge parishes. The bank states that its growth in assets, loans and deposits has come without any merger or acquisition. The bank is owned by more than 450 shareholders, and no single shareholder holds more than 10 percent. It reports nearly 22,000 clients and more than 160 positions. Its stated vision centers on helping clients reach their financial goals, being an employer of choice, and creating value for shareholders. Resource Bank is also listed in the Directory of US Banks.
Key Facts
- Total Assets
- $980.75M
- Total Deposits
- $803.01M
- Branch Offices
- 11
- Established
- 1998
- Holding Company
- Resource Bankshares Inc
- Primary Regulator
- FDIC
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Information is compiled from public regulator filings and may be out of date. Stock Charted does not endorse or recommend any firm.