The Bank of Zachary was founded in 1904, in Louisiana.  The locally owned bank is the oldest State chartered bank in East Baton Rouge Parish.  The bank has been FDIC insured since 1934.  The Bank of Zachary is a Federal Reserve Non Member and the primary regulator is the FDIC.  The bank ended 2008 with $151,976,000 in assets and had $1,474,000 in net income.  For performance ratios, Bank of Zachary had core capital or leverage ratio of 8.55%, tier 1 risk based capital ratio 16.54% and total risk based capital ratio of 17.33%.

Bank of Zachary is engaged in primarily the same business operations as many independent commercial banks, with special emphasis in retail banking, including the acceptance of checking and savings deposits, and the making of commercial, real estate, personal, home improvement, automobile and other installment and term loans.  It also offers among its services, travelers’ cheques, safe deposit boxes, note collection, and other customary bank services to its customers, with the exception of trust services.  In addition, the bank offers drive-up teller services and night depository facilities. 

The Bank’s loan portfolio consists of three main areas.  Real estate construction and mortgage loans; loans to individuals for household, family and other consumer expenditures; and commercial and industrial loans.

With a minimum opening balance of $2,500.00 the Bank of Zachary offers the following CD rates:

A thirty day CD rate is 1.51% APY.
A ninety day CD rate is 2.02% APY.
A six month CD rate is 2.26% APY.
A one year CD rate is 2.52% APY.
An eighteen month CD rate is 2.63% APY.
A two year CD rate is 2.78% APY.
A three year CD rate is 2.83% APY.
And a four year CD rate is 2.93% APY.
 
CD interest rates are subject to change.  Additional conditions may apply.  For current CD rates and account information contact the bank directly at (225) 654-2701.  CD rates, account information and other disclosures can be found at the bank website, www.bankofzachary.com.

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