You may be aware of the USDA’s recent decision to revoke BOM Bank’s participation in the OneRd Guaranteed Lending Program. The decision was based on outdated and incorrect information.  We have already filed an appeal of this decision, and we are confident that after a closer review of the facts, our lending status in this program will be restored.

 

BOM Bank has been a lender in the USDA Guaranteed Lending program for close to 20 years. We have been awarded, by the USDA, National USDA Rural Lender of the Year multiple times as well as State USDA Rural Lender of the Year for the State of Louisiana numerous times as well. 

 

Losing USDA Guaranteed lending has no impact on the overall lending of BOM Bank. These loans are a small part of our overall lending.

 

BOM Bank will continue to be a community leader as well as lender.

 

Thank you to all our customers and the community 

 

Ken Hale

President/CEO

BOM Bank