JPMorgan Chase Bank, Dearborn is headquartered in Dearborn and is the 112st largest bank in the state of Michigan. It is also the 5,747th largest bank in the nation. It was established in 1974 and as of December of 2013, it had grown to at 1 location. JPMorgan Chase Bank, Dearborn has a B+ health rating.
I had a joint checking account with my wife for 33 years at what was Chase Manhattan Bank of NY, now J.P. Morgan Chase. On a Sunday, St. Patrick's day Mar. 17, 2013, an unknown person (Alexis Delaney) opened a joint account via phone/internet using my wife as secondary on that account (opened 3/17/13). How? We don't know. They then, unknown to us, transferred $2000 by phone from our 33 year old joint checking account into this newly formed account using my wife's name in common on both accounts. The newly formed account was then closed. All on Sunday, St. Patrick's day. It did not post until Monday. Chase saw nothing wrong. We never got a text, phone call, email, nor any notification of anything! We discovered the transfer a few days later, and signed documents at our branch to prosecute this person if ever found. A week later, we were credited with the stolen funds. But we had to change checking accounts and everything was a mess. We feel that Chase ignored common sense in allowing this to happen, and later sent us letters from their executive offices blaming us for this! They said it was malware on our computer that hijacked our info and that's how it was stolen. But it's a photo computer (83,000 jpegs) and does not have quicken nor turbotax, nor anything with our personal info on it. Our local police precinct told us it was an insider job as they had 9-12 of the same complaints during a 3 week period. Needless to say, we have lost all confidence in Chase, and closed our 6 figure accounts and transferred everything to a different bank. MB, Brooklyn, NY.
I had an account in which I deposited cash from rental properties. Chase chose to close my account and also closed my retirement account and credit card. They refused to honor the rewards I had earned on the credit card. I would not recomment Chase to anyone and if you do open an account I would do it with caution.
My husband is 92 and Parkinson's patient. I am 74 currently with a broken ankle, foot. We live on my husband's government pension and our joint Social Security. My SS does come in until month's end. Despite insurance, we still have to pay something for perscription medicines. They were under 5. I have overdraft protection. Chase charged me me $34 for items such as $0.64, $1.00. We have direct deposit and always paid the fees. Now they tell me they no longer want my business because of the many problems.
Chase bank is the most unethical bank in USA, even Suzie Ureman rates Chase and Bank America the most unethical banks in USA for 2010 and 2011, they raised my creidit card interest 8 months ago from 8% to 18 %, had cards for 8 years, no late payments, often paid balance off. They said it was the banking climate, that is how the appreciate excellent customers. the bad expereinces go on and on.
Not as good as it was when 5% cash back was offered but I still get 3% (gas and supermarkets). This is the best credit card I could find for straight cash back. The statements are decipherable and the checks are mailed out quickly. When I missed a payment by a few days they waived a $39 late fee when I called customer service. No problems with identity theft.
My wife's purse was stolen with checkbook. I called the bank immediately and let them know. The next day I went in and closed the account. Later that day, the thief cashed a check from another bank at Chase, endorsing it with the closed account number. Chase cheerfully gave them the money. Then they took the funds from my new account to cover the check and charged me a fee for my closed account not having funds in it.
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, 2013 JPMorgan Chase Bank, Dearborn had $0 in non-current loans and owned real-estate with $53.35 million in equity and loan loss allowances on hand to cover it. This gives JPMorgan Chase Bank, Dearborn a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
In the past year, JPMorgan Chase Bank, Dearborn has increased its total deposits by $6,000, resulting in 1.07% 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 JPMorgan Chase Bank, Dearborn has shown is above average.
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. JPMorgan Chase Bank, Dearborn has $60.12 million in assets with $53.35 million in equity, resulting in a capitalization level of 88.74%, which is excellent.
|FDIC Certificate #||21761|
|Assets and Liabilities|
|Equity Capital||$53.35 million|
|Loan Loss Allowance||$0|
|Real Estate Owned||$0|
|Historic Data - December 2012|
|Equity Capital||$52.66 million|
|Loan Loss Allowance||$0|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||0.27%|
|Return on Assets||1.09%|
|Return on Equity||1.31%|
Sorry, we do not have rate data for JPMorgan Chase Bank, Dearborn
|JPMorgan Chase Bank, Dearborn Locations|
|Jpmorgan Chase Bank, Dearborn||18800 Hubbard Drive||Dearborn, MI 48126|