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Reviews (2)


I opened an account. Took about a week to get the email that the account was funded. I then tried to call, over and over. Can never get anyone on the phone. So I emailed and emailed again. I left phone messages for them to call me back. Nothing! Its' been three weeks since my account was funded and I haven't got the email for the free gift. I haven't gotten a reply. It's like they have fallen off the face of the earth. Now I'm worried about the money I deposited. .

So Far So Good

Last time they had simillar deal with gift certificates (Apple and iTunes) , I had no issue what so ever going through the process of opening CD and receiving gifts. I contacted them multiple times (iGoBanking and people who issue gifts) since it sounded fishy back then and I had no issues. The one thing that they can imporve is the look and feel of their website. It looks like some college passout came up with the website to learn the's going to cost this bank one star in rating.


Data for Q2 2014

Institution Health


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 had $47.52 million in non-current loans and owned real-estate with $503.52 million in equity and loan loss allowances on hand to cover it. This gives a Texas Ratio of 9.44% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for decreased dramatically from 17.12% as of June 30, 2013 to 9.44% as of June 30, 2014, resulting in a positive change of 44.86%.This indicates that the balance sheet and financial strength for has improved dramatically in recent periods.

Deposit Growth


In the past year, has increased its total deposits by $173.92 million, resulting in 5.64% 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 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. has $4.86 billion in assets with $503.52 million in equity, resulting in a capitalization level of 10.37%, which is above average.

Institution Statistics

FDIC Certificate #58564
Year Established2007
Primary RegulatorFDIC
Assets and Liabilities
Assets$4.86 billion
Loans$3.50 billion
Deposits$3.26 billion
Equity Capital$474.29 million
Loan Loss Allowance$29.24 million
Unbacked Noncurrent Loans$46.18 million
Real Estate Owned$1.35 million
Historic Data - June 2013
Assets$4.60 billion
Equity Capital$440.29 million
Loan Loss Allowance$32.36 million
Unbacked Noncurrent Loans$46.18 million
Real Estate Owned$2.59 million
Profit Margin - Quarterly
Return on Assets0.91%
Return on Equity9.51%
Interest Income$100.47 million
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0.25%$25k-5 Year CD Gifts
0.15%$25k-3 Year CD Gifts
0.10%$25k-2 Year CD Gifts
Locations is an Internet only bank and does not have branch locations. Its headquarters is located at 144-51 Northern Boulevard - Flushing, NY 11354