BUSINESS

Former Crestmark Bank Building Sold for $1.67 Million

Tiffany Bradford

Jun 2, 2024 — 1 min read

Former Crestmark Bank building in Baton Rouge

BATON ROUGE, La. — The former Crestmark Bank building in Baton Rouge has been sold for $1.67 million, according to sales documents filed Wednesday with the East Baton Rouge Parish Clerk of Court.

William Novak acquired the 7,200-square-foot property through Novak LA Properties LLC from BCMVM LLC, represented by Michelle Lott.

BCMVM LLC had purchased the site from Comcap LLC for $1.575 million in 2020.

The transaction was brokered by Chris Flood, Bill Sanders of Beau Box Commercial Real Estate, and Scot Guidry of Derbes Falgoust Commercial Real Estate.

Crestmark Bank vacated the space over a year ago. The bank's parent company, MetaBank, was rebranded as Pathward, N.A. in 2022 after acquiring Crestmark Bank, MetaBank’s commercial finance division, in 2018. This acquisition led to the company's departure from the Baton Rouge market.

As of the deadline, the Daily Report reached out to Novak LA Properties LLC for comment on Novak’s plans for the building, but no response was received.

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