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Synergy Bank Hosts KasasaFest


Hundreds of people from around the parish gathered at Southdown Plantation to take part in KasasaFest.  Those who attended enjoyed numerous activities and entertainment including: a 34 foot rock wall, inflatable basketball and football toss, face painting, magic acts, and of course Robert Meachem.  The Pro Wide Receiver came out to the event and signed autographs for all who stood in line. 

 


 
 

Synergy Bank Named A Top Performing Bank


Synergy Bank, Houma, Louisiana, received high recognition for excellent performance and soundness according to the Louisiana Bank Performance Report 4th Quarter 2009 published by Financial Management Consulting Group, a Kentucky based bank consulting firm. The Report lists Synergy Bank as the 5th Top Performing Bank in Louisiana out of 132 banks for the 4th Quarter 2009.


Performance rankings for banks in Louisiana are based on eight financial factors. Six of those factors have to do with earnings or components of earnings. Factors include the Bank’s ranking among its state peers for Net Interest Income, which is the difference between Interest Income and Interest Expense, as a percent of average assets. Non-Interest Income which includes fee income, and Non-Interest Expense, which is the Bank’s operating overhead are also factors. The Bank’s efficiency ratio is a component, as well as Return on Assets and Return on Equity.


The other factors are the Bank’s strength from an Equity and Reserve position, relative to non-performing assets. And lastly the Bank is measured on Asset Quality by the amount of problem loans evident in its portfolio. All banks in the state are ranked and scored on each category, with an overall composite score based on the average of all factors.


“Synergy Bank has demonstrated superior performance which says the Bank’s management is capable and dedicated. To achieve a top ten ranking, the Bank deserves congratulations. Being in the top ten means this Company is doing well in all areas, not just in some.” says W. Timothy Finn II, a principal at the consulting firm. Financial Management Consulting Group has been publishing Bank Performance Reports since 1998.


Synergy Bank Ranked Among

Nation's Best Performers


Synergy Bank was recently ranked 14th in the nation for best-performing community banks between $100 million and $3 billion in size, according to the American Banking Association Banking Journal. The rankings are based on consolidated statistics from the highest regulatory reporting level available for each institution.


"Being ranked among the nation's Top Community Banks is a significant achievement and a great honor for Synergy," said President and CEO Jerry P. Ledet Jr. "It is a result of the hard work by our dedicated team of banking professionals who are 100 percent committed to providing Houma-Terrebonne with community banking services that are second to none. It is also a testament to the solid leadership provided by our board of directors, and the wisdom of employing sound, conservative and time-tested banking practices. It validates our premise that together we are stronger."


Synergy has four branches in the region. The bank’s deep local roots and recent expansion into the community of Gray, along with its broad range of consumer and commercial services, continues to attract customers who are looking for a secure alternative to the volatility of larger institutions.


In the midst of industry challenges, Ledet said Synergy will stay the course that has served it so well, continuing to focus on the banking fundamentals of service excellence, responsiveness, and attractive products and pricing to improve the customer experience.


Synergy Bank reported total assets of $260,550,000 as of June 30, 2009.


TCOA Elderly Housing Project


On June 9, 2009, Synergy Bank and Federal Home Loan Bank (Dallas, TX) presented a symbolic check for $343,000 in the form of a grant to the Terrebonne Council on Aging.  The grant money was given by Federal Home Loan Bank who partnered with Synergy Bank to make the grant possible.

 

The grant money is being used in conjunction with other funds to erect the 49-unit TCOA Elderly Housing on Main Street.

 

In attendance were (left to right):

  • Cal McKey, TCOA Board Member
  • L. J. Folse, TCOA Elderly Housing Chairman
  • Gregory Hettrick, FHLB Dallas Director of Community Investment
  • Jo Anne Plessala, TCOA Elderly Housing Secretary-Treasurer
  • Daniel Henry, TCOA Chairman
  • Kellie Cunningham, TPCG Federal Programs
  • Jerry Ledet, Synergy Bank President
  • Ben Borne, Synergy Bank EVP
  • Darryl Weir, TPCG Federal Programs
  • Diana Edmonson, TCOA Executive Director

Synergy 50+ Club - "Fired Up About Summer"


On June 4, 2009, members of the Synergy 50+ Club gathered at the Synergy Bank Main Office for a great presentations from Roger Bourgeois, Bourgeois & Associates, Inc, and Pat Chauvin, Pat's of Chauvin.  The audience was given tips on home fire safety and ways to prepare their home with upcoming summer trips.  Mrs. Chauvin gave great tips on packing and other travel tips.

 

This was the 8th event given by Synergy Bank for the 50+ Club.






New FDIC Limits

On October 3, 2008, FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013.


Synergy Bank is also participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2009, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from coverage available under the FDIC’s general deposit insurance rules.




Kids Day 2009

Synergy Bank will once again be sponsoring Kids Day on July 18, 2009.  The event is held at the Houma-Terrebonne Civic Center.  Come for plenty of entertainment on the main stage as well as booths from all kinds of vendors.

 

As always stop by the Synergy Bank booth for games and prizes.  Don't forget to get your free picture with Penny too!

 

See you there!















Synergy Bank Hosts Business After Hours

On Thursday, April 23rd, Synergy Bank hosted the Houma-Terrebonne Chamber After Hours.  Hundreds of Chamber members and guests showed up a the Synergy Main Office to partake in great food, drink, and quirky entertainment.  This is the 4th time that Synergy Bank has hosted Business After Hours.





Synergy at The Lady Bug Ball

On Saturday, April 25, Synergy Bank again helped sponsor the 10th annual Lady Bug Ball.  Synergy always has a booth with face painting and stations to paint and adopt a pet Lady Bug rock.  The event had a great turn out!

 

 








Gray Office Now Open

 

Synergy Bank recently opened it's newest office in Gray, Louisiana.  The office is located just north of Troop C on West Park Avenue. 

 

Angela Rodrigue was named the newest Vice President of the bank as well as branch manager for the Gray Office.  She brings 29 years in the banking and financial services market to the bank.

 

The staff at Gray welcome you to come stop by and see the newest edition to the Synergy family.

 

Angela Rodrigue   .: Branch Manager

Megan Frost   .: Assistant Branch Manager/CSR

Devery Harkless   .: Head Teller

Janiece Carlos   .: Assistant Head Teller

Russell LeBoeuf   .: Loan Assistant

Brandi Charpentier   .: Teller

Raymond Barnes   .: Teller

Alana Fulkerson   .: Teller

 

Synergy Names Rodrigue Vice President

 

HOUMA, LA - Synergy Bank's board of directors has named Angela H. Rodrigue vice president of Synergy Bank. The announcement was made by Synergy president, Jerry P. Ledet, Jr.


Mrs. Rodrigue has more than 29 years in the banking and financial services market. She will serve as the branch manager for Synergy's Gray Office. "Angela Rodrigue is an extremely knowledgeable banker," said Ledet. "She'll be a valuable asset to our clients in the Northern Terrebonne and Lafourche markets. We're very fortunate to add her to our team."


Mrs. Rodrigue is a graduate of Central Lafourche High School and furthered her education with numerous banking courses.

 

Community centric bank wins big-business award

 

By Brian Fontenot

Staff Writer

 

Article from The Houma Courier

HOUMA -- A community bank was awarded the Houma-Terrebonne Chamber of Commerce’s Large Business of the Year award during a Wednesday night ceremony.

 

Synergy Bank received the award at the 79th chamber banquet, held before a crowd of about 500 at the Houma-Terrebonne Civic Center.

 

"I’m honored and humbled by this," said Jerry Ledet, the bank’s president and board member and the chamber’s 2006 chairman.

 

Ledet served as the banquet’s master of ceremonies, but he said he had no advance warning that Synergy had been selected to receive the award.

 

"This organization believes there is strength in community," said Lisa Schilling, chamber chairman, as she announced this year’s winner.

 

Ledet explained that during the ’90s, community banking changed in the area. The approximately eight community banks that had been here dwindled to just one. That left a void that Synergy Bank elected to fill, he said.

 

Synergy opened its doors in 1999, starting with 19 employees. It now has 62 workers, 300 local stockholders and three locations with plans for a fourth to be built in Gray.

 

Chamber representatives said the bank was chosen for the honor because of its belief in and service to the community.

 

The bank sponsors three local area schools, Boudreaux Canal Elementary, Oakshire Elementary and St. Matthews Episcopal School through the Partners in Education Program. The program pairs a business with a local school, providing financial support and motivating activities to its students and staff.

 

Once a month, bank representatives visit the schools to help second- and third-graders open $5 savings accounts. They then teach the students how to budget their allowance money, the importance of savings and how to interpret bank statements.

 

The special savings accounts are provided service fee free by the bank.

 

The bank also participates in community outreach and volunteer activities with various local organizations. The list includes the United Way for South Louisiana, Kiwanis Club of Houma, Terrebonne Historical Society, American Heart Association, Terrebonne Foundation for Academic Excellence, South Central Industrial Association, Women’s Business Alliance, Salvation Army, Bayou Industrial Group, Lions Club and the Leonard J. Chabert Medical Center Foundation.

 

The bank also boasts membership on every one of the chamber’s committees and its board of directors.

 

The bank’s board includes past chairman and current Terrebonne Parish President Michel Claudet, Gulf Island Fabrication President and CEO Kerry Chauvin and Morris Hebert, president of the engineering firm that bears his name.

 

Its other members are Ledet, Terry Colongne, Don Callais, Danny Cannon, Jeff Teuton, Jeff Scott, Gordon Dove and Dr. Koti Sangisetty.