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MetLife Bank

501 Route 22 West Floor 1W
Bridgewater, NJ 08807
866-226-5638
www.metlifebank.com

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MetLife Bank is headquartered in Convent Station and is the 2^nd largest bank in the state of New Jersey. It is also the 68^th largest bank in the nation. It was established in 1999 and as of September of 2011, it had grown to 5,666 employees at 3 locations. MetLife Bank's money market rates are 70% higher than the national average, and it has a 4-star health rating.

MetLife To Sell Bank Deposits To GE Capital Financial (Forum) - 12/27/2011

From MetLife's press release MetLife, Inc. (NYSE: MET) announced today that GE Capital Financial Inc. will acquire most of the depository business of MetLife Bank, N.A. Financial terms of the transaction, which is expected to close in the second quarter o

Metlife May Speed Its Exit From Banking - Other Insurers Doing The Same (Forum) - 11/1/2011

From Bloomberg MetLife Inc., the largest U.S. life insurer, may be pressed to speed its exit from banking after the Federal Reserve rejected plans for a dividend increase and share repurchase. This may explain the low deposit rates at MetLife Bank. Th

Competitive Mid-Term CD Rates at MetLife Bank - Available Nationwide - 4/26/2011

Every now and then MetLife Bank comes out with a few competitive CD rates. These are not usually hot deals, but for those looking for a good rate at a major internet bank, these can be appealing. They ...

Competitive 18-Month CD and IRA CD Rate at MetLife Bank - 12/14/2010

Every now and then MetLife Bank comes out with a competitive CD rate. Last month it was the 1-year CD rate. Now it's the 18-month CD rate which has a 1.65% APY for balances of at least $25K (1.40% APY ...

2010

11/16 - Metlife Bank Cuts 1-Year CD Rate, Increases 18-Month CD Rate (Forum)
11/9 - Competitive 1-Year CD and IRA CD Rate at MetLife Bank
10/26 - Metlife Bank Raises Rates On Money Market Account (Forum)
2/3 - Free Identity Theft Protection at MetLife Bank (Forum)

2009

2008

12/15 - 2-Year CD with Yields Up to 4.40% at Metlife Bank - Nationally Available

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

MetLife Bank Savings Account Rates

	Apy	Min	Max	Product
	0.75%	$25k	-	High Yield Savings Account

MetLife Bank Money Market Rates

Apy	Min	Max	Product
0.75%	$10k	-	Money Market Account
0.75%	$25k	-	IRA Money Market Account

MetLife Bank CD Rates

Apy	Min	Max	Product
1.00%	$25k	-	12 Month CD
0.80%	$50k	-	9 Month CD
0.75%	$2k	-	18 Month CD
0.75%	$2k	-	24 Month CD
0.75%	$2k	-	36 Month CD
0.75%	$2k	-	48 Month CD
0.75%	$2k	-	60 Month CD
0.70%	$50k	-	6 Month CD
0.50%	$50k	-	3 Month CD

MetLife Bank IRA Rates

Apy	Min	Max	Product
1.00%	$25k	-	12 Month IRA
1.00%	$25k	-	12 Month Roth IRA
1.00%	$25k	-	12 Month CESA
0.80%	$50k	-	9 Month IRA
0.80%	$50k	-	9 Month Roth IRA
0.80%	$50k	-	9 Month CESA
0.75%	$2k	-	18 Month IRA
0.75%	$2k	-	24 Month IRA
0.75%	$2k	-	36 Month IRA
0.75%	$2k	-	48 Month IRA
0.75%	$2k	-	60 Month IRA
0.75%	$2k	-	18 Month Roth IRA
0.75%	$2k	-	24 Month Roth IRA
0.75%	$2k	-	36 Month Roth IRA
0.75%	$2k	-	48 Month Roth IRA
0.75%	$2k	-	60 Month Roth IRA
0.75%	$2k	-	18 Month CESA
0.75%	$2k	-	24 Month CESA
0.75%	$2k	-	36 Month CESA
0.75%	$2k	-	48 Month CESA
0.75%	$2k	-	60 Month CESA
0.70%	$50k	-	6 Month IRA
0.70%	$50k	-	6 Month Roth IRA
0.70%	$50k	-	6 Month CESA
0.50%	$50k	-	3 Month IRA
0.50%	$50k	-	3 Month Roth IRA
0.50%	$50k	-	3 Month CESA

Rates updated: 2/8/2012

Data for Q3 2011

Institution Statistics

Metlife Bank, National Association
FDIC Certificate #	35055
BankRate Report	View
Year Established	1999
Employees	5666
Primary Regulator	OCC
Assets and Liabilities
Assets	$17.65 billion
Loans	$9.47 billion
Deposits	$10.69 billion
Equity Capital	$1.29 billion
Loan Loss Allowance	$52.81 million
Unbacked Noncurrent Loans	$98.95 million
Real Estate Owned	$57.47 million
Historic Data - September 2010
Assets	$16.58 billion
Equity Capital	$1.18 billion
Loan Loss Allowance	$62.20 million
Unbacked Noncurrent Loans	$70.30 million
Real Estate Owned	$30.82 million
Profit Margin - Quarterly
Net Interest Margin	2.06%
Return on Assets	-0.47%
Return on Equity	-6.06%
Interest Income	$376.94 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
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 MetLife Bank had $156.42 million in non-current loans and owned real-estate with $1.34 billion in equity and loan loss allowances on hand to cover it. This gives MetLife Bank a Texas Ratio of 11.64% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for MetLife Bank decreased significantly from (infinite) as of September 30, 2010 to 11.64% as of September 30, 2011, resulting in a positive change of (infinite). This indicates that the balance sheet and financial strength for MetLife Bank has improved significantly in recent periods.
Deposit Growth
In the past year, MetLife Bank has increased its total deposits by $1.32 billion, resulting in 14.13% 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 MetLife Bank has shown is excellent.
Capitalization
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. MetLife Bank has $17.65 billion in assets with $1.34 billion in equity, resulting in a capitalization level of 7.61%, which is below average.