Tony Yayo, being an older and more experienced rapper, joined 50 Cent on the Nas Promo Tour, the Cash Money Tour and the Ruff Ryders Tour. As Banks remained at home waiting for 50 and Yayo to return, he started rapping around the neighborhood to further increase his buzz on the streets. He then hooked up with neighborhood producers and made tracks for local mixtapes. Lloyd Banks has a renowned reputation on the mixtape scene.

Banks was shot twice in September 2001, by what's believed to be stray gunfire in his neighborhood.

During August of 2005, Lloyd Banks, Young Buck, and their entourage were traveling in a van, when the vehicle was pulled over after passing through a red light in midtown Manhattan. Officers said they discovered a loaded handgun and another weapon in the van. Prosecutors asked a judge to dismiss the charges after an investigation determined that neither Lloyd Banks nor Young Buck were in possession of the weapons. Felony gun charges against Lloyd Bank