All America Bank is headquartered in Oklahoma City and is the 40th largest bank in the state of Oklahoma. It is also the 1,596th largest bank in the nation. It was established in 1969 and as of December of 2018, it had grown to 104 employees at 7 locations. All America Bank has an A health rating.
I opened the Mega Money Market account last year and have been extremely please with customer service and their rates. They just raised interest rates to 2.5% and increased their maximum balance from $35,000 to $50,000. Their daily transfer rate for ACH transfers from your checking account is $5,000 but with prior approval you can increase this, so I called the Mustang office and the lady who answered the phone took care of my request and I was able to complete the transfer with the app on my iPhone. Very convenient and easy customer care with this bank. I don't live in Oklahoma but the app and easy phone calls make it seem like they are just around the corner.
Mega Money Market is a personal NOW checking account that offers a high interest rate of 1.50% APY for balances up to $35,000. Balances over $35,000 earn .50% APY only.
Are received electronically. The monthly statement cycle ends on the 20th of every month. If the 20th falls on a Saturday, the cycle will cut off on the 19th (the Friday before) and if the 20th falls on a Sunday, the cycle will cut off on the 21st (the following Monday).
Interest compounds monthly and is credited monthly. If the account is closed before the interest is credited you will not receive the accrued interest for that cycle.
A $10.00 per billing cycle fee will be charged if you have not made a withdrawal or deposit to your account for an extended period of time and we have been unable to contact you, your account may be classified as dormant by us.
They do not specify anywhere on their documentation what is considered "an extended period of time", but users report that after 1 year of inactivity the bank started to deduct $10.00 each month. Also no user on the forums has reported that AmericaNet Bank ever tried to contact them about their account being dormant, before proceeding to hit them with the $10.00 monthly dormancy fee.
24 Jun 17 Updated interest rate offered
|FDIC Certificate #||20093|
|Return on Assets - YTD||1.76%|
|Return on Equity - YTD||16.9%|
|Annual Interest Income||$22.5MM|
|Assets and Liabilities|
|Assets||Q4 2018vs Q4 2017||$438.5MM$410.3MM|
|Loans||Q4 2018vs Q4 2017||$365.7MM$327.2MM|
|Deposits||Q4 2018vs Q4 2017||$361.7MM$337.4MM|
|Equity Capital||Q4 2018vs Q4 2017||$44.2MM$43.1MM|
|Loan Loss Allowance||Q4 2018vs Q4 2017||$3.1MM$3.0MM|
|Unbacked Noncurrent Loans||Q4 2018vs Q4 2017||$4.1MM$5.7MM|
|Real Estate Owned||Q4 2018vs Q4 2017||$539.00K$308.00K|
Rates for All America Bank are currently being reviewed.
|All America Bank Locations|
|Mustang Branch||44 West State Hwy 152||Mustang, OK 73064|
|All America Bank||200 South Rockwell Avenue||Oklahoma City, OK 73128|
|Cache Branch||605 South 8th Street||Cache, OK 73527|
|Elgin Branch||8207 Ushwy 277||Elgin, OK 73538|
|Medicine Park Branch||24077 State Hwy 49||Medicine Park, OK 73557|
|Bank Of The Wichitas Branch||623 E Street||Snyder, OK 73566|
|Southwest State Bank Branch||122 East Main Street||Sentinel, OK 73664|