1 star ratingAverage User Rating:
1 star rating based on 2 reviews.

OneWest Bank

OneWest Bank Locations
888 East Walnut Street
Pasadena, CA 91101
(800) 669-2300
www.owb.com



OneWest Bank is headquartered in Pasadena and is the 3rd largest bank in the state of California. It is also the 50th largest bank in the nation. It was established in 2009 and as of September of 2011, it had grown to 2,938 employees at 79 locations. OneWest Bank's money market rates are 25% higher than the national average, and it has a 4-star health rating.

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2010

2009




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

OneWest Bank Checking Account Rates

ApyMinMaxProduct
0.70%$50k-OneAccount
0.45%$50k-Premium Checking

OneWest Bank Savings Account Rates

ApyMinMaxProduct
0.75%$50k-Green Savings
0.55%$50k-Personal Savings

OneWest Bank Money Market Rates

ApyMinMaxProduct
0.75%$100k-Premium Money Market

OneWest Bank CD Rates

ApyMinMaxProduct
1.55%$1k-5 Year Online CD
1.55%$1k-5 Year Branch CD
1.25%$1k-4 Year Online CD
1.25%$1k-4 Year Branch CD
1.15%$1k-3 Year Online CD
1.15%$1k-3 Year Branch CD
1.05%$1k-2 Year Online CD
1.05%$1k-2 Year Branch CD
1.01%$1k-18 Month Online CD
1.01%$1k-18 Month Branch CD
0.90%$1k-13 Month Branch CD
0.90%$1k-13 Month Online CD
0.85%$1k-1 Year Online CD
0.85%$1k-1 Year Branch CD
0.75%$1k-9 Month Online CD
0.75%$1k-9 Month Branch CD
0.70%$1k-6 Month Online CD
0.70%$1k-6 Month Branch CD
0.45%$1k-3 Month Online CD
0.45%$1k-3 Month Branch CD
0.45%$1k-4 Month Branch CD
0.45%$1k-4 Month Online CD

OneWest Bank IRA Rates

ApyMinMaxProduct
1.55%$1k-5 Year IRA
1.55%$1k-5 Year Roth IRA
1.55%$1k-5 Year SEP IRA
1.25%$1k-4 Year IRA
1.25%$1k-4 Year Roth IRA
1.25%$1k-4 Year SEP IRA
1.15%$1k-3 Year IRA
1.15%$1k-3 year Roth IRA
1.15%$1k-3 Year SEP IRA
1.05%$1k-2 Year IRA
1.05%$1k-2 Year Roth IRA
1.05%$1k-2 Year SEP IRA
1.01%$1k-18 Month IRA
1.01%$1k-18 Month Roth IRA
1.01%$1k-18 Month SEP IRA
0.90%$1k-13 Month IRA
0.90%$1k-13 Month Roth IRA
0.90%$1k-13 Month SEP IRA
0.85%$1k-1 Year IRA
0.85%$1k-1 Year Roth IRA
0.85%$1k-1 Year SEP IRA
0.75%$1k-9 Month IRA
0.75%$1k-9 Month Roth IRA
0.75%$1k-9 Month SEP IRA
0.70%$1k-6 Month IRA
0.70%$1k-6 Month Roth IRA
0.70%$1k-6 Month SEP IRA
0.45%$1k-3 Month IRA
0.45%$1k-4 Month IRA
0.45%$1k-3 Month Roth IRA
0.45%$1k-4 Month Roth IRA
0.45%$1k-3 Month SEP IRA
0.45%$1k-4 Month SEP IRA

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


OneWest Bank, FSB
OTS #18129
FDIC Certificate #58978
BankRate ReportView
Year Established2009
Employees2938
Primary RegulatorOCC

Assets and Liabilities

Assets$27.39 billion
Loans$14.69 billion
Deposits$15.79 billion
Equity Capital$4.09 billion
Loan Loss Allowance$78.15 million
Unbacked Noncurrent Loans$2.02 billion
Real Estate Owned$285.07 million

Historic Data - September 2010

Assets$26.90 billion
Equity Capital$4.18 billion
Loan Loss Allowance$19.95 million
Unbacked Noncurrent Loans$426.84 million
Real Estate Owned$286.61 million

Profit Margin - Quarterly

Net Interest Margin3.89%
Return on Assets0.59%
Return on Equity3.77%
Interest Income$832.29 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio2
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 OneWest Bank had $2.31 billion in non-current loans and owned real-estate with $4.17 billion in equity and loan loss allowances on hand to cover it. This gives OneWest Bank a Texas Ratio of 55.46% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for OneWest Bank decreased slightly from 73.43% as of September 30, 2010 to 55.46% as of September 30, 2011, resulting in a positive change of 24.48%.This indicates that the balance sheet and financial strength for OneWest Bank has improved slightly in recent periods.
Deposit Growth4
In the past year, OneWest Bank has increased its total deposits by $703.49 million, resulting in 4.66% 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 OneWest Bank has shown is above 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. OneWest Bank has $27.39 billion in assets with $4.17 billion in equity, resulting in a capitalization level of 15.21%, which is excellent.
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One Wells Bank
1 stars - banker - Wednesday, April 27, 2011 - 1:41 AM

The worst bank to work and bank at.  One of their top executives was terminated by Wells Fargo for unethical practices and now she's running the bank...scary.  Now they have been sanctioned by the regulators for unsafe practices in their loan servicing. OneWest continues to sponsor the Lakers after Kobe Bryant's racial slur. They should change their name to One Wells Bank.

7

ONE WEST BANK IRA FEES BEWARE
1 stars - asurow - Tuesday, January 10, 2012 - 3:22 PM

Your paltry earnings probably will probably be less than the annual fee and closing fee when you try to get your money back.   Leaving?  Gotcha!  Net earning from this safe investment could be a loss.

3