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BOM Bank Achieves Monumental $1 Billion Milestone in Assets Strengthening Financial Presence

BOM Bank Achieves Monumental $1 Billion Milestone in Assets Strengthening Financial Presence

Natchitoches, Louisiana – BOM Bank, a leading financial institution dedicated to serving the community, proudly announces a significant milestone as it crosses the $1 billion mark in total assets. This achievement underscores the unwavering commitment to its customers, exceptional service, and steady growth in an ever-evolving financial landscape.

Since its establishment in 1903 with $15,000 in capital, BOM Bank has remained deeply rooted in the community. As the bank expanded its offerings and services, it consistently upheld its core values, earning the trust and loyalty of its customers while contributing to the economic development in northern Louisiana and surrounding areas. BOM now employs over 165 team members among 19 branches in Grant, Natchitoches, Sabine, Bienville, Bossier, Caddo, Rapides Parish in Louisiana in addition to Sabine and Angelina County in Texas serving over 30,000 customers.

Reaching $1 billion in assets represents a momentous accomplishment for BOM Bank, symbolizing prudent financial management, strategic planning, and the trust placed in the institution by its valued customers. Despite economic challenges, the bank's resilience, dedication, and commitment to its hardworking customers have propelled its growth and positioned it as a leading financial institution in Louisiana and East Texas.

BOM Bank’s President and CEO, Ken Hale, expressed gratitude for this landmark achievement, stating, “Achieving one billion dollars in assets represents a significant milestone that reflects the dedication and collective efforts of the entire BOM team and our steadfast customers. This accomplishment stands as a testament to years of hard work and commitment. I am incredibly grateful and deeply humbled. I want to thank our staff, local communities and customers for their overwhelming support of BOM. Without each of you, this achievement would not be possible. We remain committed to our community roots by focusing on customer service and giving back to our communities.”

As part of its ongoing commitment to community development, BOM Bank has consistently supported local initiatives, charitable organizations, and educational programs. BOM Bank is an accredited Community Development Financial Institution dedicated to volunteerism and catering to the needs of the unbanked and underbanked communities. The bank provides specialized resources, such as a credit builder program and a certified BankOn checking account, designed specifically for individuals outside the traditional financial system and those striving to cultivate sound financial practices. With this milestone, the bank stands as an indispensable pillar and reaffirms its dedication to fostering growth and prosperity within the communities it serves. BOM Bank, a face you know, a bank you can trust.

 

About BOM Bank: BOM Bank has been providing customers with a variety of products and services since 1903. BOM now employs over 165 staff members among 19 locations in Grant, Natchitoches, Sabine, Bienville, Bossier, Caddo, and Rapides parishes in Louisiana in addition to Sabine and Angelina County in Texas serving over 30,000 customers. For a complete list of locations, as well as products and services, visit bofm.com or follow us on social media @bomest1903. BOM - a face you know, a bank you can trust. 

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