Overall Rating

B
Grade

Midsouth Bank, National Association Report Card

Overall rating score 55%
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Midsouth Bank, National Association Branch

315 Royal Street Branch

315 Royal Street
Natchitoches, LA, 71457

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Midsouth Bank, National Association Customer Reviews

aloanconnection's Profile Image

Reviewed by aloanconnection

Mar 28th 2013

The slowest bank I have ever worked with.

As a SBA 504 BDO I referred a loan to this bank on December 2010. It was approved on April 2011. Construction was finished during winter 2012. Today is March 28, 2013 and the bank, despite of my many e-mails and phone calls to the officers which are never answered, the interim loan (SBA portion) is still with the bank and they will not close on the permanent loans.

The borrower is paying interest on an interim loan which could already be going to the permanent SBA loan.

The original officer of the loan is no longer at the bank. A new officer was made in charge. He never returns calls or even replies to e-mails. Very irresponsible bank.

I will not send another loan to them. I am paid when the SBA loan portion is closed and funded and because of this slow moving institution I have worked since December 2010 on this loan and not seen my compensation. Very frustrating. It has affected my reputation as a Loan Connector. And my pocket.

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