1 star ratingAverage User Rating:
1 star rating based on 1 review.

Urban Trust Bank

Urban Trust Bank Locations
715 South Goldwyn Avenue
Orlando, FL 32805
1-800-584-0015
www.urbantrustbank.com



Urban Trust Bank is headquartered in Orlando and is the 45th largest bank in the state of Florida. It is also the 1,160th largest bank in the nation. It was established in 1962 and as of September of 2011, it had grown to 166 employees at 25 locations. Urban Trust Bank's money market rates are 25% higher than the national average, and it has a 4-star health rating.

Urban Trust Bank Routing Number: 054073630

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$100 Checking Account Bonus at Urban Trust Bank in FL & DC - Local Only - 3/8/2011

Urban Trust Bank is offering a $100 bonus for opening one of its consumer checking accounts, establishing direct deposit and for making 5 debit card transactions per month over 3 months. This bonus is ...

Update on Urban Trust Bank in FL & MD - High Rates Continues, New FL Branches - 7/1/2009

Update 7/15/09: Rates were slashed on many of the CDs, the checking and money market accounts. The top CD rate is now 3.50% APY for a 60-month term. Refer to the bank's website for the latest rates. Update 7/03/09: Rates were cut by 25 basis points on...

2.50% Regular Checking Account at Urban Trust Bank in FL & MD - Local Only - 4/24/2009

Update 7/03/09: Rates were cut by 25 basis points on all CDs, on the Urban Select Money Market Account and on the Urban Select Money Market Account. Even with these cuts, the rates remain very competitive.Urban Trust Bank continues to offer competitive...

3.00% 12-Month CD & 4.50% 60-Month CD at Urban Trust Bank in FL & MD - Local Only - 3/31/2009

Update 7/18/09: Rates have fallen again. Please check the bank's website for the latest rates.Update 7/03/09: Rates were cut by 25 basis points on all CDs, on the Urban Select Money Market Account and on the Urban Select Money Market Account. Even with...

2009




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

Urban Trust Bank Checking Account Rates

ApyMinMaxProduct
0.45%$25k-Urban Select Checking
0.15%--Business Interest Checking

Urban Trust Bank Savings Account Rates

ApyMinMaxProduct
0.15%--Savings
0.15%--Holiday Club

Urban Trust Bank Money Market Rates

ApyMinMaxProduct
0.80%$100k-Urban Select Money Market
0.80%$100k-Business Money Market

Urban Trust Bank CD Rates

ApyMinMaxProduct
1.80%$500$100k60 Month CD
1.80%$100k-60 Month Jumbo CD
1.80%$500$100kBusiness 60 Month CD
1.80%$100k-Business 60 Month Jumbo CD
1.50%$500$100k48 Month CD
1.50%$100k-48 Month Jumbo CD
1.50%$500$100kBusiness 48 Month CD
1.50%$100k-Business 48 Month Jumbo CD
1.30%$500$100k36 Month CD
1.30%$100k-36 Month Jumbo CD
1.30%$500$100kBusiness 36 Month CD
1.30%$100k-Business 36 Month Jumbo CD
1.10%$100k-24 Month Jumbo CD
1.10%$100k-Business 24 Month Jumbo CD
1.05%$500$100k24 Month CD
1.05%$500$100kBusiness 24 Month CD
1.02%$100k-18 Month Jumbo CD
1.02%$100k-Business 18 Month Jumbo CD
0.95%$500$100k18 Month CD
0.95%$500$100kBusiness 18 Month CD
0.90%$100k-12 Month Jumbo CD
0.90%$100k-Business 12 Month Jumbo CD
0.80%$500$100k12 Month CD
0.80%$500$100kBusiness 12 Month CD
0.70%$100k-9 Month Jumbo CD
0.70%$100k-Business 9 Month Jumbo CD
0.68%$500$100k9 Month CD
0.68%$500$100kBusiness 9 Month CD
0.59%$100k-6 Month Jumbo CD
0.59%$100k-Business 6 Month Jumbo CD
0.54%$500$100k6 Month CD
0.54%$500$100kBusiness 6 Month CD
0.39%$100k-3 Month Jumbo CD
0.39%$100k-Business 3 Month Jumbo CD
0.38%$500$100k3 Month CD
0.38%$500$100kBusiness 3 Month CD

Urban Trust Bank IRA Rates

ApyMinMaxProduct
1.80%$500$100k60 Month IRA
1.80%$100k-60 Month Jumbo IRA
1.80%$500$100k60 Month Roth IRA
1.80%$100k-60 Month Jumbo Roth IRA
1.50%$500$100k48 Month IRA
1.50%$100k-48 Month Jumbo IRA
1.50%$500$100k48 Month Roth IRA
1.50%$100k-48 Month Jumbo Roth IRA
1.30%$500$100k36 Month IRA
1.30%$100k-36 Month Jumbo IRA
1.30%$500$100k36 Month Roth IRA
1.30%$100k-36 Month Jumbo Roth IRA
1.10%$100k-24 Month Jumbo IRA
1.10%$100k-24 Month Jumbo Roth IRA
1.05%$500$100k24 Month IRA
1.05%$500$100k24 Month Roth IRA
1.02%$100k-18 Month Jumbo IRA
1.02%$100k-18 Month Jumbo Roth IRA
0.95%$500$100k18 Month IRA
0.95%$500$100k18 Month Roth IRA
0.90%$100k-12 Month Jumbo IRA
0.90%$100k-12 Month Jumbo Roth IRA
0.80%$500$100k12 Month IRA
0.80%$500$100k12 Month Roth IRA
0.70%$100k-9 Month Jumbo IRA
0.70%$100k-9 Month Jumbo Roth IRA
0.68%$500$100k9 Month IRA
0.68%$500$100k9 Month Roth IRA
0.59%$100k-6 Month Jumbo IRA
0.59%$100k-6 Month Jumbo Roth IRA
0.54%$500$100k6 Month IRA
0.54%$500$100k6 Month Roth IRA
0.39%$100k-3 Month Jumbo IRA
0.39%$100k-3 Month Jumbo Roth IRA
0.38%$500$100k3 Month IRA
0.38%$500$100k3 Month Roth IRA

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


Urban Trust Bank
OTS #06859
FDIC Certificate #31390
BankRate ReportView
Year Established1962
Employees166
Primary RegulatorOCC

Assets and Liabilities

Assets$576.81 million
Loans$445.72 million
Deposits$471.45 million
Equity Capital$74.44 million
Loan Loss Allowance$8.66 million
Unbacked Noncurrent Loans$14.41 million
Real Estate Owned$768,000

Historic Data - September 2010

Assets$550.08 million
Equity Capital$72.14 million
Loan Loss Allowance$5.39 million
Unbacked Noncurrent Loans$15.65 million
Real Estate Owned$1.31 million

Profit Margin - Quarterly

Net Interest Margin5.21%
Return on Assets0.57%
Return on Equity4.31%
Interest Income$29.16 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
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 Urban Trust Bank had $15.18 million in non-current loans and owned real-estate with $83.1 million in equity and loan loss allowances on hand to cover it. This gives Urban Trust Bank a Texas Ratio of 18.27% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Urban Trust Bank decreased slightly from 21.89% as of September 30, 2010 to 18.27% as of September 30, 2011, resulting in a positive change of 16.53%.This indicates that the balance sheet and financial strength for Urban Trust Bank has improved slightly in recent periods.
Deposit Growth5
In the past year, Urban Trust Bank has increased its total deposits by $25 million, resulting in 5.6% 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 Urban Trust Bank has shown is excellent.
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. Urban Trust Bank has $576.81 million in assets with $83.1 million in equity, resulting in a capitalization level of 14.41%, which is excellent.
Write Review

Horrible Customer Service - Horrible commitment to their customers
1 stars - UrbanTrust0 - Tuesday, September 6, 2011 - 5:14 PM

I was unlucky enough to have my fannie mae mortgage purchased by Urban Trust Bank.  I am one of those homeowners that has never been late on my loan, but of course my home value is upside down.  If my loan would have still been a fannie mae loan, I would have been able to modify my loan to a fixed lower rate (HARP program).  I asked several Urban Trust customer service folks when the loan was purchased.  Servicing of my loan had been sold serveral times prior to this sale.  However, nothing in the documents indicated that this sale was any different than the ones int eh past.  I promised to send me the documentation, but I never got a response.  I asked them that since Urban Trust Bank received federal stimulus dollars, if they would allow the modification for loans that had been eligible for the HARP program.  While I received assurances that someone would call me back. That was more than 6 months ago and still silence.  So I guess the answer is ..... huh, no.  Urban Trust boast that it wants to promote personal wealth.  I think this is one way they could do just that without breaking the bank.  When are the banks going to step up in the crisis?

3