CD Bank

Deposits held and insured by TBK Bank

Overview / Commentary
888-201-8185
12700 Park Central Drive
Dallas, TX 75251
Deposits held and insured by TBK Bank
Reviews (1)

Heirloom Cds

Posted by: |

What's been happening is someone got a CD a time ago either for themself or someone else maybe for a birthday or other special event. The case I'm referring to is someone's grandma bought a kid a birthday CD in, say 1986. The said CD was $5000 for a 5 years. The CD has long ago matured and supposedly rolled a few times. FFWD to the present the beneficiary goes into the bank to get his or her cash. Much is to do about the faux parchment document with large seals and ribbons hanging from it bordered in gold which indicates a CD was instituted AD June 10, 1986. A bank teller summons another employee and together they do a quick search informing the person there is no record of a CD as such existing. The bank destroys records after 7 years. The document itself holds no cash value it merely shows that once upon a time a CD was purchased and since there is no record of it existing in the present day it must have been cashed. An in depth search waw mounted and after a time a cookie cutter letter was sent out from Minneapolis stating there is no record of a CD in their files.
The bank started out as Bank of Glacier County, then Marquette Bank, to its present First Interstate. There was no favorable recourse to these people. The bank and legal community felt there was no further action they could take that would result in a payout to the document holder.



Health
A

Data as of Q4 2024

Data displayed below is for insuring bank: TBK Bank
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Health Grade Components

Overall
FDIC Certificate #23498
Year Established1981
Employees1552
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD2.74%
Annual Interest Income$422.3MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$5.95B$5.35B
LoansQ4 2024vs Q4 2023$4.51B$4.13B
DepositsQ4 2024vs Q4 2023$4.83B$4.02B
Equity CapitalQ4 2024vs Q4 2023$987.5MM$969.9MM
Loan Loss AllowanceQ4 2024vs Q4 2023$40.7MM$35.2MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$114.5MM$69.4MM
Real Estate OwnedQ4 2024vs Q4 2023$0$37K
Rates
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CD Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.11%$100k-3 Month CD - In Branch
4.11%$100k$500k3 Month CD - Online
3.94%$100k-6 Month CD - In Branch
3.94%$100k$500k6 Month CD - Online
3.67%$100k-9 Month CD - In Branch
3.67%$100k$500k9 Month CD - Online
3.58%$100k-12 Month CD - In Branch
3.58%$100k$500k12 Month CD - Online
3.53%$100k-18 Month CD - In Branch
3.53%$100k$500k18 Month CD - Online
Locations

CD Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 12700 Park Central Drive - Dallas, TX 75251

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