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Tuesday, January 31, 2023

New Orleans Largest Locally Owned Bank Sees Record Growth

This chart includes balance sheet and income statement highlights from December 2020 to December 2021.

Photo Courtesy of Gulf Coast Bank & Trust Co. 

Contributed by Gulf Coast Bank & Trust Co

Gulf Coast Bank & Trust Co. President and CEO, Guy T. Williams, announced record growth for year ended Dec. 31, 2021. Williams attributed the record growth to, among other things, very strong results in home mortgage lending and education services. The bank is one of the largest home loan originators in South Louisiana and the largest lender to first time homebuyers in the New Orleans metro area.  

“In a very difficult year, the bank and our community faced the challenges of Covid-19, inflation, and Hurricane Ida recovery,” Williams said. “The bank helped retail customers with rebuilding and receiving hurricane deductible loans. For business customers, the bank was one of the leading payroll protection lenders and one of the leading providers of Small Business Administration loans in Louisiana.”

With over $2.8 billion in assets, Louisiana-based Gulf Coast Bank & Trust Co. serves its business and personal banking clients through its branches, loan production offices, trust and investment offices and business credit offices. It also offers business credit nationally through Gulf Coast Business Credit. Gulf Coast Bank & Trust Company has 19 branch locations across Southeast Louisiana and more than 45 total locations in 13 other states. For more information about Gulf Coast Bank & Trust Company, please visit gulfbank.com or call 800-223-2060. Engage with Gulf Coast Bank on Facebook and Twitter (@gulfcoastbank).

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