The Evangeline Bank and Trust Company

Background

Established on January 1, 1933, The Evangeline Bank and Trust Company is a state-chartered, FDIC-insured commercial bank headquartered in Ville Platte, Louisiana. Operating as a subsidiary of Evangeline Bancshares, Inc., the bank has a longstanding commitment to serving the financial needs of its communities with integrity and personalized service. Over the years, it has expanded its presence across Louisiana, maintaining a strong focus on community banking.

Key Strategic Focus

The bank specializes in commercial lending, aiming to support local businesses and economic development within its service areas. By offering tailored financial solutions, The Evangeline Bank and Trust Company seeks to foster long-term relationships with its clients, emphasizing personalized service and community involvement.

Financials and Funding

As of the latest available data, The Evangeline Bank and Trust Company reported total assets of approximately $1.025 billion and total deposits of around $811 million. The bank's net income stood at $6.98 million, reflecting a return on assets of 1% and a return on equity of 11%. These figures indicate a stable financial position and consistent profitability.

Technological Platform and Innovation

The Evangeline Bank and Trust Company integrates various technological tools to enhance its banking services. Utilizing platforms such as Facebook Pixel, Google Analytics, and Google Tag Manager, the bank demonstrates a commitment to leveraging technology for improved customer engagement and operational efficiency.

Leadership Team

Laura Whittington: Chief Operating Officer

Lance Chapman: Chief Financial Officer

Boyd Boudreaux: South Louisiana Regional President

Matthew Martin: Vice President and BSA-AML Risk Officer

Elby Derouen: Vice President Loan Officer

These leaders bring extensive experience in banking and financial services, guiding the bank's strategic initiatives and ensuring adherence to regulatory standards.

Competitor Profile

Market Insights and Dynamics

The banking industry in Louisiana is characterized by a mix of regional and community banks, each striving to capture market share through personalized services and community engagement. The Evangeline Bank and Trust Company operates within this competitive landscape, focusing on commercial lending and local economic support.

Competitor Analysis

Community Trust Bancorp: Headquartered in Pikeville, Kentucky, Community Trust Bancorp operates over 80 branches, primarily in Kentucky, with total assets of $5.5 billion as of 2023.

SouthState Bank: Based in Winter Haven, Florida, SouthState Bank has a significant presence in the southeastern United States, with assets totaling $34 billion as of 2020.

Amarillo National Bank: A private bank headquartered in Amarillo, Texas, Amarillo National Bank operates multiple branches across Texas, focusing on both commercial and personal banking services.

These institutions represent key competitors in the regional banking sector, each offering a range of financial services and striving to meet the diverse needs of their respective communities.

Strategic Collaborations and Partnerships

In August 2020, The Evangeline Bank and Trust Company expanded its footprint by acquiring a former Gulf Coast Bank location in downtown Lafayette, Louisiana. This strategic move marked the bank's third expansion in 2020, underscoring its commitment to growth and enhanced service delivery in the region.

Operational Insights

The Evangeline Bank and Trust Company's strategic expansion into new markets, such as Lafayette, reflects its proactive approach to growth and community engagement. By focusing on commercial lending and leveraging technological advancements, the bank differentiates itself through personalized service and a deep understanding of local market dynamics.

Strategic Opportunities and Future Directions

Looking ahead, The Evangeline Bank and Trust Company is poised to capitalize on opportunities for further expansion within Louisiana and potentially neighboring states. By continuing to invest in technology and maintaining a strong commitment to community banking principles, the bank aims to enhance its service offerings and strengthen its market position.