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245 West Valley Boulevard
San Gabriel, CA 91776

Mega Bank is headquartered in San Gabriel and is the 119st largest bank in the state of California. It is also the 2,227th largest bank in the nation. It was established in 2008 and as of March of 2014, it had grown to 39 employees at 4 locations. Mega Bank's savings rates are 35% higher than the national average, and it has a A health rating.

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Data for Q1 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 March 31, 2014 Mega Bank had $3.64 million in non-current loans and owned real-estate with $38.17 million in equity and loan loss allowances on hand to cover it. This gives Mega Bank a Texas Ratio of 9.53% 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 Mega Bank decreased dramatically from 15.31% as of March 31, 2013 to 9.53% as of March 31, 2014, resulting in a positive change of 37.74%.This indicates that the balance sheet and financial strength for Mega Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Mega Bank has increased its total deposits by $7.66 million, resulting in 3.23% 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 Mega Bank 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. Mega Bank has $290.46 million in assets with $38.17 million in equity, resulting in a capitalization level of 13.14%, which is excellent.

Institution Statistics

FDIC Certificate #58401
Year Established2008
Primary RegulatorFDIC
Assets and Liabilities
Assets$290.46 million
Loans$191.34 million
Deposits$245.12 million
Equity Capital$34.56 million
Loan Loss Allowance$3.62 million
Unbacked Noncurrent Loans$3.64 million
Real Estate Owned$0
Historic Data - March 2013
Assets$272.21 million
Equity Capital$33.80 million
Loan Loss Allowance$3.34 million
Unbacked Noncurrent Loans$3.64 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.38%
Return on Assets0.36%
Return on Equity2.81%
Interest Income$2.60 million

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Mega Bank Savings Account Rates

0.70%$500k-Tiered Personal Savings
0.40%$500k-Tiered Business Savings

Mega Bank Money Market Rates

0.45%$500k-Tiered Personal Money Market
0.40%$500k-Tiered Business Money Market

Mega Bank Checking Account Rates

0.25%--Personal Super NOW
0.25%--Business Super NOW

Mega Bank CD Rates

0.80%$100k-18 Month Regular Time CD
0.80%$100k-Over 2 Year Regular Time CD
0.70%$100k-271-365 Day Regular Time CD
0.60%$100k-181-270 Day Regular Time CD
0.50%$100k-91-180 Day Regular Time CD
0.40%$100k-61-90 Day Regular Time CD
0.35%$100k-31-60 Day Regular Time CD
0.30%$100k-7-30 Day Regular Time CD

Mega Bank IRA Rates

0.85%$2,500-24 Month IRA
0.75%$2,500-18 Month IRA
0.65%$2,500-12 Month IRA

Mega Bank Locations
Rowland Heights Branch1370 S. Fullerton Road, #101Rowland Heights, CA 91748
Hacienda Heights Branch17188 Colima Road #aHacienda Heights, CA 91745
Mega Bank245 West Valley BoulevardSan Gabriel, CA 91776
Irvine Branch3996 Barranca Pkwy Suite 100Irvine, CA 92606