Bank of Montgomery was established on June 9, 1903 in Montgomery, Louisiana. Local businessmen saw a need for a financial institution to open to help the needs of Grant Parish.
The Bank opened its doors with $15,000 in capital. The local businessmen who helped found the Bank and served as the first Board of Directors were President-J.M. Wardlow, and Vice President-J.H. Williams, J.A. Fletcher, D.B. Wardlow, W.M. Adler, T.J. Harrison, J. E. Ethridge, W. L. Bowty, and Jno I. McCain.
Bank of Montgomery expanded into Natchitoches Parish by opening a location in Derry, Louisiana in 1996. When we opened our Derry location the bank had 18 million in assets and now the bank has grown to over 300 million with over 30 million in capital. The first branch to be opened in the City of Natchitoches was opened on Hwy 1 in 2000, which then moved to 952 Keyser Avenue in 2009. We quickly grew our locations within Natchitoches and the bank needed a larger space to service our customers. Our next branch to open was on 2nd Street in 2003 and eventually moved to 814 Washington Street in 2007. In July 2012 our third Natchitoches branch opened at 4157 University Parkway. We opened up our first branch in Sabine Parish at 603 Highway 171 Bypass in Many, Louisiana. This branch opened as a Loan Production Office in November of 2013 but quickly became a full service branch in March of 2014.
On January 1, 2016 BOM acquired Bank of Ringgold, which added three new locations in Ringgold, Castor and Benton. We opened our first location in Rapides Parish in July of 2016, our Loan Production Office is located at 3601 N. Boulevard Suite B in Alexandria, Louisiana. Then on Friday, August 19, 2016 BOM acquired Tri State Bank, which added two new locations in Haughton and Shreveport. BOM now has 12 locations serving Grant, Natchitoches, Sabine, Bienville, Bossier, Caddo and Rapids Parish.
In 2006 Bank of Montgomery opened BOM Financial Services to offer insurance and investment opportunities to our customers and the community. The original office was located on St. Denis Street but it was quickly outgrown and was relocated to 814 Washington Street, Suite 108. In 2016 BOMFS acquired The Traber Agency, which was a local 100 year old Independent Insurance agency. Celebrating their 10 year Anniversary in 2016 they have grown to over nine employees and 3,000 customers. BOM Financial Services is a wholly owned subsidiary of Bank of Montgomery.
"We are a community Bank that offers old fashioned banking but with all of the products and services it takes to compete in the 21st century. The Bank of Montgomery, where we know you by name and not by account number."Ken Hale President & CEO
Ken Hale, our President and CEO is a direct descendent of the Wardlow family and is the 4th generation of the Family to run the Bank and the 6th President & CEO of Bank of Montgomery.
Our current Board of Directors include: President & CEO-Ken Hale, Jim Gibson, Ronald Roy, Henry Rachal, Kay Foshee, Tyler Murchison, Dr. Greg Brian, Randell Fletcher, James Snyder, John Brittain, and Roger Cunningham.