CFG Bank is headquartered in Lutherville and is the 11th largest bank in the state of Maryland. It is also the 743rd largest bank in the nation. It was established in 1997 and as of September of 2019, it had grown to 136 employees at 3 locations. CFG Bank has an A+ health rating.
Overall, I'm very happy with having my money at CFG Bank. The rates are the best in the country and the customer service was very helpful when I called in to finish setting up my account.
I agree that the withdrawal limits could be better, but luckily for me I'm not moving large sums of money regularly in and out of the account.
As for the fact that they want a bunch of personal information, I didn't find it anything out of the norm. Banks have a TON of regulations they need to comply with they are doing what is required. If I had to choose between a bank that did MORE due diligence than less....well I'd always go with the more rigorous.
Just my two cents...
"Money Market Accounts (NO CHECK WRITING PRIVILEGES FOR ONLINE MONEY MARKETS; CONSUMER ACCOUNTS ONLY) Once funding occurs the daily external transfer limit for the CFG High Yield Money Market Account is $5,000. Your external transfers may not exceed $30,000 in a 30-day rolling period."
Application response was an email request for "A valid copy of your driver’s license OR a copy of a utility bill from the address with your name on it
A copy of a phone bill with your name and phone number on it" The app required the amount and account # for initial funding of accout.
So I called and asked them what the problem was. I've dealt with numerous banks and never put out so much personal data for so little success. I told them to cancel the request after I asked them why they didn't just call me and why they didn't compare the DL data to the app.
Forget it; the APY is not worth it. Wish I had walked away when I was filling out the app.
|FDIC Certificate #||34294|
|Return on Assets - YTD||1.89%|
|Return on Equity - YTD||10.96%|
|Annual Interest Income||$44.1MM|
|Assets and Liabilities|
|Assets||Q3 2019vs Q3 2018||$1.10B$786.2MM|
|Loans||Q3 2019vs Q3 2018||$877.5MM$596.9MM|
|Deposits||Q3 2019vs Q3 2018||$908.4MM$645.4MM|
|Equity Capital||Q3 2019vs Q3 2018||$169.1MM$126.7MM|
|Loan Loss Allowance||Q3 2019vs Q3 2018||$18.8MM$15.0MM|
|Unbacked Noncurrent Loans||Q3 2019vs Q3 2018||$9.3MM$16.0MM|
|Real Estate Owned||Q3 2019vs Q3 2018||$18.00K$133.00K|
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
Rates for CFG Bank are currently being reviewed.
|CFG Bank Locations|
|Cfg Community Bank||11 W. Ridgely Road||Lutherville, MD 21093|
|Baltimore Branch||1615 Thames Street||Baltimore, MD 21231|