Royal Banks of Missouri is headquartered in University City and is the 55th largest bank in the state of Missouri. It is also the 1,585th largest bank in the nation. It was established in 1965 and as of September of 2013, it had grown to 75 employees at 8 locations. Royal Banks of Missouri has a B+ health rating.
Signed up in Nov. Hesitant to give info such as SS# online but so far have not had any problems. High yield interest is paid after 10 qualifying debit transactions and one ACH transfer. This could be a direct deposit or an ACH transfer you initiate from another bank. Would be 5 stars but you cannot iinitiate an ACH transfer from your RBM account. You have to initiate it from another checking account. I was hesitant to carry a debit card with a high balance but now only bring it when I know I will be using it and keep it at home after the 10 monthly debit transactions. Charging utility bills online using a debit card count towards the 10 transactions.
Well, here's yet another banking sceniro related to on-line banking, which the bank chooses to charge you and you have no recourse.....:
You have checked your account vigilantly on line. No pending authorization for 2 days, you've mastered your checkbook (for the few checks you write). Enough funds to cover what you have out there. Low and behold days later here comes a 'GAS CHARGE" you purchased at BP 2 days ago!!!! My God, most banks you can see the charages as you go....NOT ROYAL BANKS!!!!
Now you only had a small issue, but they add $64 over draft (first of course), reject your check that came through and bounce it, and all over $2 and Gas Charges that should have posted.
If I could remember all the charges I made, I would need on-line banking -- isn't that the point.
My point is that is it not statistically possible for the customer to be wrong 100% OF THE TIME.
At other banks you can see your charges 5 minutes on line after they are done.
ROYAL BANKS GET A CLUE AND STOP STEALING MONEY FROM YOUR CUSTOMERS!!!!!!!!
The Bank itself is ok. I have been a customer for over 10 years , mostly out of laziness of switching.
Finally, on line banking came after all the other banks had it.
Still takes at leaset 2-3 days for things to "post", deposits or credits to post, and when all my other colleages get their business mileage direct deposted on the same day - mine is 2 days later than everyone else??
Of course, if you have a overdraft, that is NEVER late.
I was a fan until I disputed a few charges. Then I got a nasty e-mail from a VP (and I asked for a phone call) just like the bigger banks.
Ihave heard there are a few banks now that are "real time" and I may actually switch.
Good bank for a young, starter person, but if you are juggling a mortgage, kids, etc who has the time to constantly check to see if they processed something.
Fradulant charges appeared on my account and i have never let my debit card leave my sight.
By law they had to remove those charges and they actually only amounted to a very small amount.
VP writes to me and states because the bank suffered a loss, which would actually amount to less than a month's interest i get on their account, they will not reissue me with a new debit card, which is absolutely ridiculous! Customer service officers have no power to do anything and everything gets refered to the VP who never answers calls/return calls/checks his email.
STAY AWAY FROM THIS BANK!
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, 2013 Royal Banks of Missouri had $14.5 million in non-current loans and owned real-estate with $56.9 million in equity and loan loss allowances on hand to cover it. This gives Royal Banks of Missouri a Texas Ratio of 25.48% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Royal Banks of Missouri decreased slightly from 33.14% as of September 30, 2012 to 25.48% as of September 30, 2013, resulting in a positive change of 23.12%.This indicates that the balance sheet and financial strength for Royal Banks of Missouri has improved slightly in recent periods.
In the past year, Royal Banks of Missouri has increased its total deposits by $25.3 million, resulting in 7.43% 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 Royal Banks of Missouri 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. Royal Banks of Missouri has $419.88 million in assets with $56.9 million in equity, resulting in a capitalization level of 13.55%, which is excellent.
|FDIC Certificate #||19512|
|Assets and Liabilities|
|Equity Capital||$50.65 million|
|Loan Loss Allowance||$6.25 million|
|Unbacked Noncurrent Loans||$14.15 million|
|Real Estate Owned||$348,000|
|Historic Data - September 2012|
|Equity Capital||$47.47 million|
|Loan Loss Allowance||$7.22 million|
|Unbacked Noncurrent Loans||$14.15 million|
|Real Estate Owned||$1.82 million|
|Profit Margin - Quarterly|
|Net Interest Margin||3.65%|
|Return on Assets||0.99%|
|Return on Equity||8.48%|
|Interest Income||$12.52 million|
Always verify rates and promotions with the bank or credit union. We are not Royal Banks of Missouri, we are a rate comparison website and can not provide official rates or promotions.
|0.39%||$50k||-||Royal Supreme Savings|
|0.40%||$50k||-||Ultimate Money Market|
|0.40%||$50k||$100k||Commercial Money Market|
|0.81%||$100k||-||Personal Super NOW|
|0.10%||$1k||-||Personal Interest Checking|
|1.21%||$1k||$100k||60 Month CD|
|1.00%||$1k||$100k||48 Month CD|
|0.73%||$1k||$100k||36 Month CD|
|0.60%||$1k||$100k||24 Month CD|
|0.50%||$1k||$100k||18 Month CD|
|0.39%||$1k||$100k||12 Month CD|
|0.20%||$1k||$100k||6 Month CD|
|0.10%||$1k||$100k||3 Month CD|
|1.21%||$1k||$100k||60 Month IRA|
|1.00%||$1k||$100k||48 Month IRA|
|0.73%||$1k||$100k||36 Month IRA|
|0.60%||$1k||$100k||24 Month IRA|
|0.50%||$1k||$100k||18 Month IRA|
|0.39%||$1k||$100k||12 Month IRA|
|0.20%||$1k||$100k||6 Month IRA|
|0.10%||$1k||$100k||3 Month IRA|
|Royal Banks of Missouri Locations|
|Covenant House Branch||10 Millstone Campus||Saint Louis, MO 63146|
|Creve Coeur Facility||13171 Olive Blvd.||Saint Louis, MO 63141|
|St Louis Hills Facility||3534 Watson Rd.||Saint Louis, MO 63139|
|Royal Banks Of Missouri - University City Branch||7701 Delmar Boulevard||University City, MO 63130|
|Royal Banks Of Missouri||8021 Olive Boulevard||University City, MO 63130|
|Crown Center Branch||8350 Delcrest||Saint Louis, MO 63124|
|Glendale Facility||9990 Manchester Road||Glendale, MO 63122|