Meow is a financial technology company, not a bank.
Meow Technologies, Inc.
Meow is a financial technology company, not a bank.
Meow helps businesses in St. Tammany County, Louisiana apply for a high-interest business checking account from FirstBank, a Tennessee corporation; Member FDIC.
If your business is approved for a business checking account offered by FirstBank, a Tennessee corporation; Member FDIC, through Meow, you can access: | |||||
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Up to 5.02% | |||||
Check issuance, depending on the partner bank (see our terms) | |||||
Spend controls that allow you to set an "initiator" and "approver" for any wire or ACH transaction from our partner banks | |||||
Accounting integrations to Quickbooks, Xero and NetSuite | |||||
Multi-entity and multi-user accounts |
This table shows an overview of some financial health metrics for the top 4 community banks in St. Tammany County, Louisiana ranked by total deposits. This data is sourced from the Federal Deposit Insurance Corporation's (FDIC) BankFind Suite. The table shows data as of 12/31/23.
Bank Name | Year Founded | Branches | Total Deposits | Net Interest Margin | Return on Assets | Loan to Deposit Ratio | |
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Resource Bank | 1998 | 11 | $746m | 1.07% | -3.01% | 99.6% | |
American Bank | 1964 | 5 | $258m | 3.43% | 1.45% | 83.0% | |
Citizens Bank & Trust Company | 1945 | 5 | $149m | 5.58% | 0.40% | 64.4% | |
Heritage Bank Of St Tammany | 1924 | 4 | $132m | 0.84% | -0.10% | 93.4% |
*Source: Federal Deposit Insurance Corporation's (FDIC) BankFind Suite for reporting period ending 12/31/23
Total Deposits: Deposits are the primary source of liquidity for a bank. They are used to fund loans and other investments, which generate income for the bank. A higher amount of deposits indicates a greater capacity to lend and invest, which can lead to higher profitability.
Net Interest Margin: A key profitability indicator for banks. It measures the difference between the interest income generated by the bank (from loans and other interest-earning assets) and the amount of interest paid out to their lenders (such as depositors), relative to the amount of their interest-earning assets.
Return on Assets: Measures the efficiency of a bank in using its assets to generate profit. It is calculated by dividing the net income of the bank by its total assets. A higher return on assets indicates that the bank is more efficiently managing its assets to produce income.
Loan to Deposit Ratio: Calculated by dividing the total loans and net leases of the bank by its total deposits. A higher ratio indicates that the bank is lending out more of its deposits, which can lead to higher profitability. However, a higher ratio also indicates that the bank has less liquidity to meet its obligations to depositors.
Click the button below to apply for a business checking account from FirstBank, a Tennessee corporation; Member FDIC.
For more information, take a look at our article on the key benefits of business checking accounts.