2 star ratingAverage User Rating:
2 star rating based on 4 reviews.

Continental Bank

Continental Bank Locations
620 West Germantown Pike, Suite 350
Plymouth Meeting, PA 19462
1-800-705-5500
www.thecontinentalbank.com

FDIC


Continental Bank is headquartered in Plymouth Meeting and is the 59th largest bank in the state of Pennsylvania. It is also the 1,107th largest bank in the nation. It was established in 2005 and as of December of 2012, it had grown to 123 employees at 12 locations. Continental Bank has a 5-star health rating.

Related Posts

Kindle Fire Checking Promotion at Continental Bank in Philadelphia - Local Only - 3/27/2012

The Amazon Kindle Fire is becoming a common bonus for checking accounts. The latest one is from Continental Bank with branches in the Philly area. To receive a free Kindle Fire requires that a new che ...

1.50% 6-Month And 9-Month Cds Continue At Continental Bank In PA (Forum) - 8/24/2010

Continental Bank continues of offer a very competitive yield of 1.50% on its 6-month and 9-month CDs (as of 8/24/2010). Some of the longer terms are also not bad: 1.50% APY 12-month and 1.75% APY 18-month. I first posted on these CD rates in this July p

Top Short-Term CD Rates and a Basic Reward Checking Account at Continental Bank in PA - Local Only - 7/1/2010

Continental Bank is offering some very competitive short-term CD rates. The best ones include the 6-month and 9-month CDs which have a 1.50% APY. The 18-month CD is also competitive with a 1.75% APY. ...



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

Continental Bank Checking Account Rates

ApyMinMaxProduct
0.40%-$25kMy Choice Interest
0.40%-$25kMy Choice Premium with High Interest Option
0.10%--My Choice Premium

Continental Bank Savings Account Rates

ApyMinMaxProduct
0.40%-$250kMy Choice Savings
0.10%$300-Statement Savings

Continental Bank Money Market Rates

ApyMinMaxProduct
0.40%$50k-Money Market Account
0.40%$100k-Business Money Market Account

Continental Bank CD Rates

ApyMinMaxProduct
1.20%$500-60 Month CD
1.05%$500-48 Month CD
0.90%$500-36 Month CD
0.80%$500-30 Month CD
0.75%$500-24 Month CD
0.75%$500- 30 Month Bump Up CD
0.60%$500-18 Month CD
0.50%$500-12 Month CD
0.30%$1k-6 Month CD
0.10%$1k-3 Month CD

Continental Bank IRA Rates

ApyMinMaxProduct
1.20%$500-60 Month IRA
1.20%$500-60 Month Roth IRA
1.20%$500-60 Month CESA
1.05%$500-48 Month IRA
1.05%$500-48 Month Roth IRA
1.05%$500-48 Month CESA
0.90%$500-36 Month IRA
0.90%$500-36 Month Roth IRA
0.90%$500-36 Month CESA
0.80%$500-30 Month IRA
0.80%$500-30 Month Roth IRA
0.80%$500-30 Month CESA
0.75%$500-24 Month IRA
0.75%$500-24 Month Roth IRA
0.75%$500-24 Month CESA
0.75%$500- 30 Month Bump Up IRA
0.75%$500- 30 Month Bump Up Roth IRA
0.75%$500- 30 Month Bump Up CESA
0.60%$500-18 Month IRA
0.60%$500-18 Month Roth IRA
0.60%$500-18 Month CESA
0.50%$500-12 Month IRA
0.50%$500-12 Month Roth IRA
0.50%$500-12 Month CESA
0.30%$1k-6 Month IRA
0.30%$1k-6 Month Roth IRA
0.30%$1k-6 Month CESA
0.10%$1k-3 Month IRA
0.10%$1k-3 Month Roth IRA
0.10%$1k-3 Month CESA

Rates updated: 5/21/2013

Data for Q4 2012


Institution Statistics


Continental Bank
OTS #17996
FDIC Certificate #58061
BankRate ReportView
Year Established2005
Employees123
Primary RegulatorOCC

Assets and Liabilities

Assets$604.46 million
Loans$318.30 million
Deposits$433.87 million
Equity Capital$61.64 million
Loan Loss Allowance$4.21 million
Unbacked Noncurrent Loans$2.41 million
Real Estate Owned$556,000

Historic Data - December 2011

Assets$531.81 million
Equity Capital$49.08 million
Loan Loss Allowance$3.97 million
Unbacked Noncurrent Loans$8.18 million
Real Estate Owned$1.64 million

Profit Margin - Quarterly

Net Interest Margin3.05%
Return on Assets0.27%
Return on Equity2.71%
Interest Income$19.96 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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, 2012 Continental Bank had $2.97 million in non-current loans and owned real-estate with $65.84 million in equity and loan loss allowances on hand to cover it. This gives Continental Bank a Texas Ratio of 4.51% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Continental Bank decreased significantly from 18.51% as of December 31, 2011 to 4.51% as of December 31, 2012, resulting in a positive change of 75.63%.This indicates that the balance sheet and financial strength for Continental Bank has improved significantly in recent periods.
Deposit Growth5
In the past year, Continental Bank has increased its total deposits by $33.68 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 Continental Bank has shown is excellent.
Capitalization4
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. Continental Bank has $604.46 million in assets with $65.84 million in equity, resulting in a capitalization level of 10.89%, which is above average.
Write Review

Bait And Switch On Kindle Promo
1 stars - pretzelman - Monday, November 12, 2012 - 1:12 AM

free kindle fire promotion from this bank. unfortunately, they are adding ambiguous limitations such as : "Customer must live or work in bank's local market." ok. so what is this definition and where is it posted on the bank's website?  It appears nowhere. thumbs down for antagonizing the public with a poorly worded promotion.

4

Incredibly Frustrating
1 stars - annoyedcustomer - Thursday, December 30, 2010 - 2:23 PM

I am always frustrated leaving this bank. I have to use it for work, and for other jobs I've had I've dealt with 4 other banks, this is the worst.

1. They use a "money counting" machine that NEVER works on the first try. They mess with the machine so much they might as well count the money by hand.

2. There is rarely more than one customer at the bank, and when there is more than one, or if the phone rings they are completely overwhelmed.

3. Whenever I need change (ones, fives, quarters, etc.) they make such a fuss over it and I have to ASK THEM to retrieve the change from the vault if it isn't in their drawer. I also have to request that the bills be wrapped.

4. I've witnessed a teller on the phone with a potential customer not be able to answer a question about CD rates (which they should know off hand) and rudely say they need to call the person back.

4

Lack Of Customer Service
1 stars - tinker930 - Wednesday, May 16, 2012 - 4:07 PM

I had switched to CB from a large national bank, thinking that a "community" bank would be more in tune with their customers. Boy, was I mistaken. I have never dealt with such a menagerie of lackdaisical employees.  A simple problem has gone unresolved for alomost 1 week now. I guess the proof truly is in the pudding.   

2

Blue Bell Branch - From A Small Local Customer
5 stars - plee142 - Saturday, February 2, 2013 - 11:05 AM

I don't know what these other people are talking about. They may have happened at other locations, but I primarily use the Blue Bell branch and I'm amazed how personable and friendly they are. I'm probably one of their smaller customers (as far as deposits) and they still treat me the same as the guy rolling up in his BMW. They know me (and my wife) by name...even though we only go inside about once a month or two. If I was a wealthy business man, I'd recruit their entire staff.

1