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

Continental Bank

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



Continental Bank is headquartered in Plymouth Meeting and is the 74th largest bank in the state of Pennsylvania. It is also the 1,299th largest bank in the nation. It was established in 2005 and as of September of 2011, it had grown to 132 employees at 11 locations. Continental Bank's savings rates are 27% higher than the national average, and it has a 3-star health rating.

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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
1.01%-$25kMy Choice Interest
1.01%-$25kMy Choice Premium with High Interest Option
0.15%--My Choice Premium

Continental Bank Savings Account Rates

ApyMinMaxProduct
0.66%-$250kMy Choice Savings
0.20%$300-Statement Savings

Continental Bank Money Market Rates

ApyMinMaxProduct
0.50%$50k-Money Market Account
0.50%$50k-Business Money Market Account

Continental Bank CD Rates

ApyMinMaxProduct
1.30%$500-60 Month CD
1.15%$500-30 Month CD
1.15%$500-48 Month CD
1.15%$500- 30 Month Bump Up CD
1.05%$500-24 Month CD
1.05%$500-36 Month CD
1.00%$500-18 Month CD
0.81%$500-12 Month CD
0.40%$1k-6 Month CD
0.15%$1k-3 Month CD

Continental Bank IRA Rates

ApyMinMaxProduct
1.30%$500-60 Month IRA
1.30%$500-60 Month Roth IRA
1.30%$500-60 Month CESA
1.15%$500-30 Month IRA
1.15%$500-48 Month IRA
1.15%$500-30 Month Roth IRA
1.15%$500-48 Month Roth IRA
1.15%$500-30 Month CESA
1.15%$500-48 Month CESA
1.15%$500- 30 Month Bump Up IRA
1.15%$500- 30 Month Bump Up Roth IRA
1.15%$500- 30 Month Bump Up CESA
1.05%$500-24 Month IRA
1.05%$500-36 Month IRA
1.05%$500-24 Month Roth IRA
1.05%$500-36 Month Roth IRA
1.05%$500-24 Month CESA
1.05%$500-36 Month CESA
1.00%$500-18 Month IRA
1.00%$500-18 Month Roth IRA
1.00%$500-18 Month CESA
0.81%$500-12 Month IRA
0.81%$500-12 Month Roth IRA
0.81%$500-12 Month CESA
0.40%$1k-6 Month IRA
0.40%$1k-6 Month Roth IRA
0.40%$1k-6 Month CESA
0.15%$1k-3 Month IRA
0.15%$1k-3 Month Roth IRA
0.15%$1k-3 Month CESA

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


Continental Bank
OTS #17996
FDIC Certificate #58061
BankRate ReportView
Year Established2005
Employees132
Primary RegulatorOCC

Assets and Liabilities

Assets$520.20 million
Loans$304.81 million
Deposits$386.95 million
Equity Capital$49.55 million
Loan Loss Allowance$4.07 million
Unbacked Noncurrent Loans$10.22 million
Real Estate Owned$1.80 million

Historic Data - September 2010

Assets$507.31 million
Equity Capital$44.83 million
Loan Loss Allowance$3.34 million
Unbacked Noncurrent Loans$9.69 million
Real Estate Owned$4.91 million

Profit Margin - Quarterly

Net Interest Margin3.46%
Return on Assets0.32%
Return on Equity3.5%
Interest Income$16.25 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio3
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 September 30, 2011 Continental Bank had $12.03 million in non-current loans and owned real-estate with $53.61 million in equity and loan loss allowances on hand to cover it. This gives Continental Bank a Texas Ratio of 22.43% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Continental Bank decreased slightly from 30.32% as of September 30, 2010 to 22.43% as of September 30, 2011, resulting in a positive change of 26.02%.This indicates that the balance sheet and financial strength for Continental Bank has improved slightly in recent periods.
Deposit Growth2
In the past year, Continental Bank has decreased its total deposits by -$16.55 million, resulting in -4.1% 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 below average.
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 $520.2 million in assets with $53.61 million in equity, resulting in a capitalization level of 10.31%, which is above average.
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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