Overview / Commentary
744 State Route 28
Milford, OH 45150

CenterBank is headquartered in Milford and is the 82nd largest bank in the state of Ohio. It is also the 2,707th largest bank in the nation. It was established in 2000 and as of June of 2022, it had grown to 45 employees at 3 locations. CenterBank's money market rates are 6X the national average, and it has an A health rating.


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Health Grade Components

FDIC Certificate #35117
Year Established2000
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.56%
Return on Equity - YTD13.75%
Annual Interest Income$5.9MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$260.8MM$274.7MM
LoansQ2 2022vs Q2 2021$220.8MM$217.7MM
DepositsQ2 2022vs Q2 2021$212.9MM$221.6MM
Equity CapitalQ2 2022vs Q2 2021$29.5MM$26.8MM
Loan Loss AllowanceQ2 2022vs Q2 2021$3.0MM$3.8MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$65.00K$115.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0
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Always verify rates and promotions with the bank or credit union. We are not CenterBank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

CenterBank Savings Account Rates

0.25%$25-Regular Savings
0.25%$25-Young Savers Account
0.25%$2.5k-Health Savings Account

CenterBank Money Market Rates

2.50%*-$1kPromotional Money Market Investment Savings
OTHER TIERS: 0.20% $250k+ | 2.47% $10k - $250k
1.00%*$50k*-Money Market Investment Savings
OTHER TIERS: 0.25% Up to $10k | 0.40% $10k - $25k | 0.55% $25k - $50k
0.25%$50-Money Market IRA

CenterBank Checking Account Rates

0.20%*$50k*-Optimum Checking
OTHER TIERS: 0.05% Up to $1.5k | 0.15% $1.5k - $50k

CenterBank CD Rates

4.25%$500-15 Month CD Special
3.75%$500-60 Month CD
3.00%$500-12 Month CD
3.00%$500-12 Month CD Special
3.00%$500-24 Month CD Special
2.60%$500-6 Month CD Special
2.24%$500-36 Month CD
1.50%$500-24 Month CD
0.50%$500-18 Month CD
0.50%$500-48 Month CD
0.25%$500-6 Month CD
0.25%$500-9 Month No Penalty CD

CenterBank Locations
Centerbank744 State Route 28Milford, OH 45150
Madeira Branch6934 Miami AvenueMadeira, OH 45243
Anderson Branch7391 Beechmont AvenueCincinnati, OH 45239

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