Now Open New Location of Galliano Branch!
16582 West Main
Drive- Thru ATM on location
Because our capital is strong and we have access to liquidity, we have opted out of the TAGP
South Lafourche Bank has chosen NOT to participate in the FDIC's Transaction Account Guarantee Program. Customers of South Lafourche Bank with noninterest-bearing transaction accounts will continue to be insured for up to $250,000 under the FDIC's general deposit insurance rules.
We have done so because of our strong capital position and ready access to liquidity to serve all of our customers.
Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006
The UIGEA, signed into law in 2006, prohibits any person engaged in the business of betting or wagering (as defined in the ACT) from knowingly accepting payments in connection with the participation of another person in unlawful internet gambling. The Department of Treasury and the Federal Reserve Board have issued a joint final rule, Regulation GG, to implement this Act.
As defined in Regulation GG, unlawful Internet gambling means to “place, receive or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received or otherwise made”.
As a customer of South Lafourche Bank, these restricted transactions are prohibited from being processed through your account or banking relationship with us. If you do engage in an Internet gambling business and open a new account with us, we will ask that you provide evidence or your legal capacity to so.
South Lafourche Bank also offers a complete line of products and services available to both our personal and business customers.
