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7010 E Chauncey Lane, # 120
Phoenix, AZ 85054

Bank 1440 is headquartered in Phoenix and is the 19st largest bank in the state of Arizona. It is also the 5,010st largest bank in the nation. It was established in 2007 and as of June of 2014, it had grown to 19 employees at 2 locations. Bank 1440's money market rates are 14% higher than the national average, and it boasts a A+ health rating.

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Reviews (1)

Bank 1440-Closing Its Doors

This Bank is on death's door step. The bank president was let go over 10 months ago - The credit department is unable to make a lending decision-poorly managed, and lack of knowledge. The front end folks are very nice however, the kindness stops there. Expect this bank to close its doors by the end of the year!!!!


Data for Q2 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Bank 1440 has a relatively low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Bank 1440 had $0 in non-current loans and owned real-estate with $12.83 million in equity and loan loss allowances on hand to cover it. This gives Bank 1440 a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth


In the past year, Bank 1440 has increased its total deposits by $5.86 million, resulting in 8.42% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank 1440 has shown is excellent.



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. Bank 1440 has $86.78 million in assets with $12.83 million in equity, resulting in a capitalization level of 14.78%, which is excellent.

Institution Statistics

FDIC Certificate #58460
Year Established2007
Primary RegulatorFDIC
Assets and Liabilities
Assets$86.78 million
Loans$66.68 million
Deposits$75.38 million
Equity Capital$11.13 million
Loan Loss Allowance$1.70 million
Real Estate Owned$0
Historic Data - June 2013
Assets$80.13 million
Equity Capital$10.25 million
Loan Loss Allowance$1.69 million
Unbacked Noncurrent Loans$0
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.51%
Return on Equity4.01%
Interest Income$2.26 million

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Bank 1440 Savings Account Rates

0.20%--Personal Savings
0.20%$100-Business Savings

Bank 1440 Money Market Rates

0.50%$100k-Personal Money Market
0.50%$100k-Business Money Market

Bank 1440 Checking Account Rates

1.25%-$25kOptimum Checking - Qualified
1.25%$1k-501-C3 Non-Profit Checking
0.40%$100k-Basic Non-Profit Checking
0.30%$100k-Senior Interest Checking
0.30%$100k-Personal Interest Checking
0.30%$100k-Business Interest Checking
0.10%--Optimum Checking - Unqualified

Bank 1440 CD Rates

1.11%$1k-36 Month Add On Certificate of Deposit
0.86%$1k-24 Month Add On Certificate of Deposit
0.66%$1k-18 Month Certificate of Deposit
0.56%$1k-12 Month Certificate of Deposit
0.31%$1k-6 Month Certificate of Deposit
0.15%$1k-3 Month Certificate of Deposit
0.10%$1k-7-30 Day Certificate of Deposit

Bank 1440 Locations
Peoria Branch14155 North 83rd Avenue, Suite 117Peoria, AZ 85381
Bank 14407010 East Chauncey Lane, Suite 120Phoenix, AZ 85054