Banking

Moving Up: Promotions

In January, I had the privilege of announcing that the Bank of Zachary elected two new officers. Ruth Ann Kuhns is our new Loan Operations Officer and Renee Deshotels is now Assistant Cashier.

Comments (0)


Too Small to Succeed?

This is “loser talk” and I’m sick of it. Too small to succeed? We may be too small to do what the largest banks can do (thank God), but the Wall Street Journal doesn’t know much about the community bankers I know if they dare to say we are “too small to succeed”.

Comments (0)


ICBA: Evidence Mounting against Too-Big-To-Fail

Washington, D.C. (March 18, 2013)—The Independent Community Bankers of America® (ICBA) today said that there is mounting evidence that too-big-to-fail financial institutions pose risks to the financial system, enjoy a taxpayer-funded funding advantage over smaller institutions and receive favorable treatment from regulators. To address these and other problems posed by the largest and riskiest financial firms, ICBA believes they should be downsized and split up.

Comments (0)



"Plan for Prosperity" Outlines Positive Steps Forward for Community Banking

We frequently feature articles in this space, and on our Facebook and Twitter pages, detailing the wretched excess of the Too Big To Fail and Too Big To Jail financial institutions. But the Bank of Zachary does more than just complain. Through our community bank trade association, we actively advocate for common sense regulation that will allow us to compete with any size institution.

Comments (0)


Looking for a new house? Want to spruce up the one you have?

For many homeowners, or prospective homeowners, spring is the ideal season to explore the major decision of buying, building or renovating a home. If one of these things is on your mind, we would like to invite you to meet with the lending professionals at the Bank of Zachary.

Comments (0)


Happy 2013!

The Bank of Zachary enters the New Year with a renewed sense of commitment to our four constituent groups: Our Community, Customers, Employees and Shareholders.

As always, the Bank of Zachary will be involved with the community we serve. Our staff will be recognizable at nearly every public event, but more importantly they will be quietly working behind the scenes in hundreds of ways to make our community a better place to live and work.

Comments (0)


It's a Merry Christmas - For Too Big To Fail Banks

Washington DC has two lumps of coal for community banks this Christmas season. First, a group of Senators used a dubious conclusion from the Congressional Budget Office (CBO) to raise a procedural point of order to kill a two-year extension of the Transaction Account Guarantee (TAG) program. TAG was an emergency measure enacted at the height of the financial crisis to temporarily extend unlimited FDIC deposit insurance to all non-interest bearing accounts. This program leveled a very small piece of the playing field, allowing community banks to keep deposits that would otherwise flee to the safety of megabanks declared to be Systemically Important Financial Institutions. While community banks fought to extend this temporary guarantee, the megabanks cynically sought to have it eliminated, knowing that these deposits would eventually migrate to the safe harbor provided by Too Big To Fail status. In the end, some Senators hypocritically hid behind the same CBO that they excoriated during the healthcare debate in order to do the bidding of their masters on Wall Street, to the detriment of Main Street. Sure, the Senators who killed TAG will claim that they were looking out for the taxpayer by ending a crisis-era “bailout”, but in fact they were eliminating competition for a favored constituent group, the Too Big To Fail banks.

Comments (0)


A Better Online Banking Experience Is Near!!!

The conversion to our new Online Banking system will begin this Friday, November 30, and will be completed by the morning of Wednesday, December 5. We ask for your patience and cooperation as we bring these enhancements to you.

Comments (0)