Average User Rating:
1 star rating based on 1 review.

AloStar Bank of Commerce

3680 Grandview Parkway, Suite 200
Birmingham, AL 35243
1-877-738-6391
www.alostarbank.com

OverView
Rates
Health
Reviews

AloStar Bank of Commerce is headquartered in Birmingham and is the 9^th largest bank in the state of Alabama. It is also the 771^st largest bank in the nation. It was established in 2011 and as of December of 2011, it had grown to 107 employees at 1 location. AloStar Bank of Commerce's money market rates are 36% higher than the national average, and it boasts a 5-star health rating.

Top 1-Year & 2-Year CD Rates at AloStar Bank of Commerce - Available Nationwide - 4/16/2012

AloStar Bank of Commerce is offering two special CDs with very competitive rates: a 1.25% APY 1-year CD and a 1.40% APY 2-year CD. Minimum deposit is $1,000, and the maximum opening deposit is $250,00 ...

Alostar Top-Rated 1Yr/2Yr CD's (Forum) - 4/12/2012

Alostar's website is now showing two anniversary CD offerings: 1.25% APY one year, 1.40% APY two year.

New Bank or Just a Name Change? Aurora, Ally, OneWest & Alostar - 7/20/2011

In the last few years several internet banks have changed their names after their old names were associated with problematic or failed businesses. From a marketing perspective, I'm sure these name cha ...

Competitive CD Rates at AloStar Bank - Available Nationwide - 5/19/2011

When banks take over failed banks, they sometimes offer good deals to keep the depositors. This happened when BB&T took over Colonial Bank and when BBVA Compass took over Guaranty Bank. A recent e ...

Report an Issue

See Rates for: Checking | Savings | Money Market | CD | IRA

AloStar Bank of Commerce Checking Account Rates

	Apy	Min	Max	Product
	0.50%	$500	-	Interest Checking

AloStar Bank of Commerce Savings Account Rates

	Apy	Min	Max	Product
	0.50%	$50	-	Savings

AloStar Bank of Commerce Money Market Rates

Apy	Min	Max	Product
0.91%	$50k	-	Money Market Advantage
0.60%	$1k	-	Money Market
0.60%	$1k	-	Business Money Market

AloStar Bank of Commerce CD Rates

Apy	Min	Max	Product
1.16%	$1k	-	24 Month CD
1.06%	$1k	-	12 Month CD
0.76%	$1k	-	6 Month CD
0.76%	$1k	-	9 Month CD
0.50%	$1k	-	Business 24 Month CD
0.45%	$1k	-	90 Day CD
0.30%	$1k	-	Business 12 Month CD
0.25%	$1k	-	Business 9 Month CD
0.20%	$1k	-	Business 6 Month CD
0.15%	$1k	-	Business 90 Day CD
0.10%	$1k	-	30 Day CD
0.10%	$1k	-	Business 30 Day CD

AloStar Bank of Commerce IRA Rates

Apy	Min	Max	Product
1.19%	$1k	-	24 Month IRA
1.19%	$1k	-	36 Month IRA
1.19%	$1k	-	24 Month Roth IRA
1.19%	$1k	-	36 Month Roth IRA
1.03%	$1k	-	12 Month IRA
1.03%	$1k	-	12 Month Roth IRA

Rates updated: 5/20/2012

Data for Q4 2011

Institution Statistics

AloStar Bank of Commerce
FDIC Certificate #	59060
BankRate Report	View
Year Established	2011
Employees	107
Primary Regulator	FDIC
Assets and Liabilities
Assets	$854.47 million
Loans	$139.55 million
Deposits	$496.88 million
Equity Capital	$170.27 million
Loan Loss Allowance	$9.54 million
Real Estate Owned	$5.36 million
Profit Margin - Quarterly
Net Interest Margin	2.11%
Return on Assets	1.4%
Return on Equity	7.03%
Interest Income	$19.88 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 AloStar Bank of Commerce had $5.36 million in non-current loans and owned real-estate with $179.8 million in equity and loan loss allowances on hand to cover it. This gives AloStar Bank of Commerce a Texas Ratio of 2.98% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. AloStar Bank of Commerce has $854.47 million in assets with $179.8 million in equity, resulting in a capitalization level of 21.04%, which is excellent.

Happy To Charge Extra Fees! Alostar Representatives Filled With Major Attitude.
1 stars

- timasdf - Thursday, November 3, 2011 - 4:13 PM

We have had a business account with them and the bank they took over for around ten years.

They left a voicemail at 9:18am to inform that we had a couple small (less than $500 total) checks that we didn't have enough in our checking account to cover. The rep asked for a call back by noon.

We had between $60,000 and $80,000 in our money market account that is linked to our checking.

We were unable to call back right away, but transfered plenty of $$$ within NINE MINUTES of the voicemail.

At 1:00pm, when we had more than $5,000 in our checking account, they "bounced" both checks and charged us $60. Of course, we'll be charged even more by the vendors whose checks bounced.

After Nexity Bank had treated us so well for so many years, it's a shame that their representatives treated us only with (major) attitude when we asked why our checks were bounced when we had more than TEN TIMES the funds to cover. The answer was: you didn't call like we wanted.

Can't close our account right now (too many checks with all of Alostar/Nexity info on them), but at the next opportunity (a few months from now), we will definitely do so. Too bad that for $60 they are willing to lose a profitable, long-time customer. :-(