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Overview / Commentary
215-592-1188
815-837 Arch Street
Philadelphia, PA 19107

Asian Bank is headquartered in Philadelphia and is the 128th largest bank in the state of Pennsylvania. It is also the 3,313th largest bank in the nation. It was established in 1999 and as of December of 2016, it had grown to 27 employees at 1 location. Asian Bank has a B+ health rating.

Related Posts

No Penalty 18 Month CD At Asian Bank, 1.28% APY - 3/27/2017

Only one branch in Philly, but their CDs can be opened by mail and are available to residents of certain counties in Pennsylvania, Delaware, New Jersey and New York. See http://www.theasianbank.com/personal-open.html No Penalty 18 Month CD 1.28% APY New money only $1,000 minimum $250,000 maximum You will not be charged a penalty for early withdrawal You can withdraw your full balance and interest any time after the first 6 days following the date you funded the account. http://www.theasianbank.com/pdf/AsianBank_CDPoster.pdf

Asian Bank 30-Month CD, 1.68% APY - 6/4/2016

available to residents of certain counties in Pennsylvania, Delaware, New Jersey & New York ; $1000 minimum. See Bankaholic article dated 6/3/16 Asian Bank’s Four-State CD Deal Includes NYC & Philly

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Reviews (2)

Good bank for the average joe!

Posted by: mathboee | Dec 14, 2016

I went to open a bank account because my work place recently required direct deposits, so I went to Asian Bank. There were little to no customers there when I arrived, so I waited for less than a minute and got to talk with one of the representatives. She was extremely nice and went over all the checking account options that I had. I went with the basic checking. She said there was only a minimum balance of $100, which is reasonable, and that that I will get my first 3 checks for free! She then took me through the whole process and within 20 minutes, I was done. Very happy and pleased with the experience. She also told me about mobile banking and how there is even an app for it. I use it a lot since I don't have the time to go to the bank physically all the time. It may not be the biggest bank, but it definitely work out for me.

Experience With Asian Bank

I opened up a basic checking account with the Asian Bank one year ago. I needed a 100 dollar minimum deposit and the representative told me that the daily minimum requirement is 100 dollars. If I went below the requirement, I would have to pay a 6 dollar fee. That was reasonable. The representative was friendly and opened up my account in about 15 minutes. She also asked me if anyone referred me to the bank because they were doing a referral program and both the referrer and the account opener would get an extra 25 bucks.

One week later, I wanted to do online banking so I called the bank to see how I can get started. The representative over the phone told me to use my social security number as both the username and password. It didn't work so the representative told me to go to their branch and set up online banking. I went there and the representative set it up in under 5 minutes. He then printed out a paper with a temporary username and password. He told me that if I had any problem, I can always come back. When I went home and tried to access my account online, it worked! Overall, I had a pleasant experience with my local bank. Nice customer service and very easy to set up an account.



Health
B+

Health Grade Components

Overall
FDIC Certificate #34759
Year Established1999
Employees27
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.76%
Return on Equity - YTD9.18%
Annual Interest Income$6.4MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$170.4MM$134.7MM
LoansQ4 2016vs Q4 2015$122.7MM$100.9MM
DepositsQ4 2016vs Q4 2015$133.1MM$103.9MM
Equity CapitalQ4 2016vs Q4 2015$14.2MM$11.9MM
Loan Loss AllowanceQ4 2016vs Q4 2015$1.6MM$1.4MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$1.4MM$1.2MM
Real Estate OwnedQ4 2016vs Q4 2015$180.00K$254.00K
  User-submitted Promotions & Notices

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No Penalty 18 Month CD At Asian Bank, 1.28% APY

terryb   |  
Only one branch in Philly, but their CDs can be opened by mail and are available to residents of certain counties in Pennsylvania, Delaware, New Jersey and New York. See http://www.theasianbank.com/personal-open.html

No Penalty 18 Month CD
1.28% APY
New money only
$1,000 minimum
$250,000 maximum
You will not be charged a penalty for early withdrawal
You can withdraw your full balance and interest any time after the first 6 days following the date you funded the account.

http://www.theasianbank.com/pdf/AsianBank_CDPoster.pdf

Rates

Rates for Asian Bank are currently being reviewed.

Locations


Asian Bank Locations
Asian Bank815-837 Arch StreetPhiladelphia, PA 19107