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Ouachita Independent Bank

Popular Accounts at this Bank

3.01%Reward CheckingOIB Reward Checking
1.01%Reward SavingsReward Plus Savings
0.15%SavingsOIB Regular Savings

Overview / Commentary
909 North 18th Street
Monroe, LA 71201

Ouachita Independent Bank is headquartered in Monroe and is the 19th largest bank in the state of Louisiana. It is also the 1,024th largest bank in the nation. It was established in 1997 and as of June of 2017, it had grown to 167 employees at 12 locations. Ouachita Independent Bank has an A+ health rating.

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Reviews (4)

Not Necessarily

OIB temporarily limited their online account openings to customers in Arkansas, Louisiana, Mississippi and Texas during a recent switch-over to a new online account opening vendor. The switch has been made and account-openings for 7 (soon to be 8) deposit products are open to the continental US.

Waste Of Time Applying Online

Posted by: Saver4321 | Dec 17, 2015

I called the bank before applying online to open a new Reward Checking account. I told them where I live and they said I was in their service area. Next I applied online and provided them with all my confidential personal information. But they refused to open the account because my ChexSystems report showed that I had inquiries by other banks! Apparently they want new account applicants who have never had a bank account before. What this bank is actually doing is luring in many applicants with a high interest rate account, and then cherry picking only the ones that are most to their advantage. Bank elsewhere.

Very Poor Service

After two years of banking at Ouachita Independent Bank, I had a VERY POOR customer service experience today at the main branch of the OIB on N 18th Street in Monroe at the hands of bank vice president, Bernadette Rainbolt. Ms Rainbolt also serves as the notary - a service I insist on having in a bank I am a member of. Ms Rainbolt gave me and an elderly black gentleman who bought a car from me today a very hard time when trying to have the title notarized at the bank. We both had valid, state-issued identification and the title listed me as the lawful, registered owner. Because the title also listed me as the “custodian” of my son (who the car was originally bought for as he was the principal driver back then) she started acting suspicious of me. I explained to her the DMV required that it be titled that way because he wasn’t allowed to own a vehicle at the time it was purchased - he was a minor at the time. And although the black gentleman had valid identification issued by the state of Louisiana DMV, she questioned him on why he was buying a vehicle in the first place because he had a state ID and not a driver’s license. What does she care? It’s his business. You don’t have to hold a valid driver’s license to own property in the state of Louisiana, including vehicles. Ms Rainbolt told us she would prefer we took our request for title notarization elsewhere because we had “too many problems.” I was humiliated and furious over this treatment. It’s my belief that she was being arrogant and unnecessarily difficult. There is a word for women like that but I won’t use it. And I won’t discount the possibility that she just didn’t want to help us because the one fellow was black and didn’t have a current driver’s license. This reflects very poorly on Ouachita Independent Bank. No one should be treated this poorly and with such contempt.

This Is Only Available For Local Deposits

Posted by: Anonymous | Jun 4, 2010

This is only available for local deposits


Health Grade Components

FDIC Certificate #34332
Year Established1997
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.65%
Return on Equity - YTD15.77%
Annual Interest Income$14.1MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$734.8MM$667.2MM
LoansQ2 2017vs Q2 2016$491.1MM$476.3MM
DepositsQ2 2017vs Q2 2016$614.4MM$570.8MM
Equity CapitalQ2 2017vs Q2 2016$76.8MM$72.0MM
Loan Loss AllowanceQ2 2017vs Q2 2016$5.0MM$4.9MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$852.00K$595.00K
Real Estate OwnedQ2 2017vs Q2 2016$47.00K$42.00K
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Ouachita Independent Bank Savings Account Rates

1.01%*-$50kReward Plus Savings
OTHER TIERS: 0.25% $50k+
0.51%*$100k*-OIB Health Savings Account
OTHER TIERS: 0.05% Up to $2,500 | 0.15% $2,500 - $10k | 0.35% $10k - $100k
0.15%--OIB Regular Savings
0.15%--OIB Business Savings

Ouachita Independent Bank Money Market Rates

0.45%*$500k*-OIB Money Market Checking
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $25k | 0.25% $25k - $100k | 0.35% $100k - $500k

Ouachita Independent Bank Checking Account Rates

3.01%*-$15kOIB Reward Checking
OTHER TIERS: 0.25% $15k+
3.01%*-$15kReward Plus Checking
OTHER TIERS: 0.25% $15k+
0.55%*$500k*-OIB Ultra-Checking
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $50k | 0.25% $50k - $100k | 0.35% $100k - $250k | 0.45% $250k - $500k
0.45%*$500k*-OIB Premium Business Checking
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $25k | 0.25% $25k - $100k | 0.35% $100k - $500k
0.05%--OIB Interest Checking
0.05%--OIB Business Plus Checking