Fred B. Morgan Iii
About Fred B. Morgan Iii
Fred B. Morgan III is the President and Vice Chairman of Crescent Bank, which he co-founded in 1991 after purchasing the assets of Columbia Homestead in New Orleans.
Fred B. Morgan III - President and Vice Chairman of Crescent Bank
Fred B. Morgan III currently serves as the President and Vice Chairman of Crescent Bank. His role involves overseeing the bank’s strategic initiatives and ensuring its operational success. Morgan’s leadership has been instrumental in guiding Crescent Bank through various phases of growth and development.
Fred B. Morgan III's Contribution to Crescent Bank's Founding
In 1991, Fred B. Morgan III played a significant role in purchasing the assets of Columbia Homestead on Harrison Avenue in New Orleans. This pivotal acquisition led to the founding of Crescent Bank. Initially established under the name City Bank & Trust, the institution was later renamed Crescent Bank & Trust, and finally to Crescent Bank as it is known today.
Fred B. Morgan III and Crescent Bank's Early Days
Fred B. Morgan III was part of a small investor group that laid the foundation for Crescent Bank. During its early days, the bank operated with only three employees, reflecting its humble beginnings. This small team worked diligently to establish the bank’s presence in the financial services sector.