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5 star rating based on 1 review.

Marathon National Bank

Marathon National Bank Locations
28-22 Steinway St.
Astoria, NY 11103
718-956-2100
www.mnbny.com
Marathon National Bank of New York was founded in 1989 to serve the financial needs of local consumers and business owners in the greater New York Metropolitan area. The bank’s principal belief was that its ability to provide high quality customer service would be the key factor in retaining and growing a solid customer base. For almost two decades, this full service commercial bank has been dedicated to the ideal of providing creative financial solutions and unparalleled personal service to its customers.

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Top 7-Month Liquid CD Rate at Marathon National Bank in NYC - Local Only - 8/25/2011

Marathon National Bank has a good short-term CD deal. It's a 7-month liquid CD with a 1.35% APY. Minimum balance is $5,000, and the maximum balance is $100,000. It allows one deposit or withdrawal onc ...

1.70% 18-Mo CD & 1.50% 12-Mo CD At Marathon National Bank In NYC Metro (Forum) - 6/5/2010

Marathon National Bank of New York has a few competitive short-term and mid-term CDs: 1.20% APY 6-month CD 1.50% APY 12-month CD 1.70% APY 18-month CD 1.95% APY 24-month CD Minimum deposit $1,000. They're not the best CD rates, but the bank does have b



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

Marathon National Bank Checking Account Rates

ApyMinMaxProduct
0.25%$2,500-Interest Checking
0.25%$2,500-IOLTA Account
0.25%$2,500-IOLA Account

Marathon National Bank Savings Account Rates

ApyMinMaxProduct
0.50%$5k-Statement Savings
0.50%$5k-Passbook Savings
0.50%$5k-Prime Savings

Marathon National Bank Money Market Rates

ApyMinMaxProduct
0.50%$2,500-Personal Money Market
0.50%$2,500-Personal Money Market Plus
0.50%$2,500-Money Market Plus- IRA
0.50%$25k-Business Money Market
0.50%$2,500-Business Express Money Market

Marathon National Bank CD Rates

ApyMinMaxProduct
2.00%$1k-60 Month CD
2.00%$100k-60 Month Jumbo CD
2.00%$1k-Business 60 Month CD
2.00%$100k-Business 60 Month Jumbo CD
1.50%$1k-36 Month CD
1.50%$100k-36 Month Jumbo CD
1.50%$1k-Business 36 Month CD
1.50%$100k-Business 36 Month Jumbo CD
1.25%$1k-30 Month CD
1.25%$100k-30 Month Jumbo CD
1.25%$1k-Business 30 Month CD
1.25%$100k-Business 30 Month Jumbo CD
1.00%$1k-24 Month CD
1.00%$100k-24 Month Jumbo CD
1.00%$1k-Business 24 Month CD
1.00%$100k-Business 24 Month Jumbo CD
0.80%$1k-18 Month CD
0.80%$100k-18 Month Jumbo CD
0.80%$1k-Business 18 Month CD
0.80%$100k-Business 18 Month Jumbo CD
0.70%$1k-12 Month CD
0.70%$1k-13 Month CD
0.70%$100k-12 Month Jumbo CD
0.70%$100k-13 Month Jumbo CD
0.70%$1k-Business 12 Month CD
0.70%$100k-Business 12 Month Jumbo CD
0.70%$1k-Business 13 Month CD
0.70%$100k-Business 13 Month Jumbo CD
0.60%$1k-6 Month CD
0.60%$1k-11 Month CD
0.60%$100k-6 Month Jumbo CD
0.60%$100k-11 Month Jumbo CD
0.60%$1k-Business 6 Month CD
0.60%$100k-Business 6 Month Jumbo CD
0.60%$1k-Business 11 Month CD
0.60%$100k-Business 11 Month Jumbo CD
0.50%$1k-3 Month CD
0.50%$1k-4 Month CD
0.50%$1k-5 Month CD
0.50%$1k-7 Month Liquid CD
0.50%$100k-3 Month Jumbo CD
0.50%$100k-4 Month Jumbo CD
0.50%$100k-5 Month Jumbo CD
0.50%$100k-1 Month Jumbo CD
0.50%$100k-2 Month Jumbo CD
0.50%$100k-Business 1 Month Jumbo CD
0.50%$100k-Business 2 Month Jumbo CD
0.50%$1k-Business 3 Month CD
0.50%$100k-Business 3 Month Jumbo CD
0.50%$1k-Business 4 Month CD
0.50%$100k-Business 4 Month Jumbo CD
0.50%$1k-Business 5 Month CD
0.50%$100k-Business 5 Month Jumbo CD
0.50%$1k-Business 7 Month Liquid CD

Marathon National Bank IRA Rates

ApyMinMaxProduct
2.00%$1k-60 Month IRA
2.00%$1k-60 Month Roth IRA
2.00%$1k-60 Month CESA
1.50%$1k-36 Month IRA
1.50%$1k-36 Month Roth IRA
1.50%$1k-36 Month CESA
1.25%$1k-30 Month IRA
1.25%$1k-30 Month Roth IRA
1.25%$1k-30 Month CESA
1.00%$1k-24 Month IRA
1.00%$1k-24 Month Roth IRA
1.00%$1k-24 Month CESA
0.80%$1k-18 Month IRA
0.80%$1k-18 Month Roth IRA
0.80%$1k-18 Month CESA
0.70%$1k-12 Month IRA
0.70%$1k-13 Month IRA
0.70%$1k-12 Month Roth IRA
0.70%$1k-13 Month Roth IRA
0.70%$1k-12 Month CESA
0.70%$1k-13 Month CESA
0.60%$1k-6 Month IRA
0.60%$1k-11 Month IRA
0.60%$1k-6 Month Roth IRA
0.60%$1k-11 Month Roth IRA
0.60%$1k-6 Month CESA
0.60%$1k-11 Month CESA
0.50%$1k-3 Month IRA
0.50%$1k-4 Month IRA
0.50%$1,200-5 Month IRA
0.50%$1k-3 Month Roth IRA
0.50%$1k-4 Month Roth IRA
0.50%$1,200-5 Month Roth IRA
0.50%$1k-3 Month CESA
0.50%$1k-4 Month CESA
0.50%$1,200-5 Month CESA

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


Marathon National Bank of New York
FDIC Certificate #32698
BankRate ReportView
Year Established1989
Employees156
Primary RegulatorOCC

Assets and Liabilities

Assets$831.82 million
Loans$545.12 million
Deposits$717.47 million
Equity Capital$110.64 million
Loan Loss Allowance$9.73 million
Unbacked Noncurrent Loans$5.53 million
Real Estate Owned$1.25 million

Historic Data - September 2010

Assets$838.31 million
Equity Capital$105.84 million
Loan Loss Allowance$10.70 million
Unbacked Noncurrent Loans$12.33 million

Profit Margin - Quarterly

Net Interest Margin3.88%
Return on Assets0.72%
Return on Equity5.49%
Interest Income$26.45 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 September 30, 2011 Marathon National Bank had $6.78 million in non-current loans and owned real-estate with $120.37 million in equity and loan loss allowances on hand to cover it. This gives Marathon National Bank a Texas Ratio of 5.64% 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 Marathon National Bank decreased significantly from 10.58% as of September 30, 2010 to 5.64% as of September 30, 2011, resulting in a positive change of 46.72%.This indicates that the balance sheet and financial strength for Marathon National Bank has improved significantly in recent periods.
Deposit Growth2
In the past year, Marathon National Bank has decreased its total deposits by -$11.36 million, resulting in -1.56% 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 Marathon National Bank has shown is below average.
Capitalization5
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. Marathon National Bank has $831.82 million in assets with $120.37 million in equity, resulting in a capitalization level of 14.47%, which is excellent.
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Very Helpfull
5 stars - cycler - Friday, February 18, 2011 - 2:06 PM

When I had just begun to use online services I received a call from the bank manager at my local branch asking ifI wanted to allow this transaction.  Althought it was a legitimate transaction, it was wonderful that they were willing to take the time to protect me.

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