CFG Bank


Overview / Commentary
410-823-0500
1422 Clarkview Road
Baltimore, MD 21209

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.

Related Posts

Yet ANOTHER Rate Cut (The 4th In 3 Months!) At CFG Bank - 1/15/2020

In early October, this acct yielded 2.50%. The rate was cut on 10/11, 10/24, 12/12, and again yesterday. Balances $25k and up are now 2.15%, $1k - $24,999 2.05% https://www.thecfgbank.com/deposit-rates

CFG Dropped To 2.25% ($25K Minimum) - 12/12/2019

CFG Bank dropped to 2.25% APY for their $25,000 minimum account.

CFG Community Bank Offers Three Competitive Online Only CDs - 10/25/2019

CFG Community Bank is offering three nationally available CDs: 12-month (2.30% APY), 18-month (2.40% APY), and 60-month (2.75% APY), $500 min deposit of new money.

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Reviews (5)

Solid Overall Bank

Posted by: Verdi327 | Jan 13, 2020

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...

Bank Review

To open an account is somewhat onerous, but worth it. They just want to make sure all is on the up and up with a new account holder. Can't be too careful these days. I think this is a great bank.

Fine Customer Service And Good Rates

Posted by: aremesbo | Sep 30, 2019

CD's were recently above the market -- but were dropped this week; are now equal to top-tier banks at 2.45 to 2.5 for 12 to 18 months. Excellent customer service.

Withdrawal Limits

"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."

CFG Bank Review

Posted by: aretsokc | Dec 9, 2019

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.



Health
A+

Health Grade Components

Overall
FDIC Certificate #34294
Year Established1997
Employees136
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.89%
Return on Equity - YTD10.96%
Annual Interest Income$44.1MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$1.10B$786.2MM
LoansQ3 2019vs Q3 2018$877.5MM$596.9MM
DepositsQ3 2019vs Q3 2018$908.4MM$645.4MM
Equity CapitalQ3 2019vs Q3 2018$169.1MM$126.7MM
Loan Loss AllowanceQ3 2019vs Q3 2018$18.8MM$15.0MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$9.3MM$16.0MM
Real Estate OwnedQ3 2019vs Q3 2018$18.00K$133.00K
  User-submitted Promotions & Notices

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.

Yet ANOTHER Rate Cut (The 4th In 3 Months!) At CFG Bank

ichaelm   |  
In early October, this acct yielded 2.50%. The rate was cut on 10/11, 10/24, 12/12, and again yesterday. Balances $25k and up are now 2.15%, $1k - $24,999 2.05%

https://www.thecfgbank.com/deposit-rates

CFG Dropped To 2.25% ($25K Minimum)

midas89   |  
CFG Bank dropped to 2.25% APY for their $25,000 minimum account.

CFG Community Bank Rate Lowered To 2.35% APY For Balances Over $25K.

RichReg   |  
Another drop everyone: CFG lowered their Money Market rate for balances $25K and above :
2.32% APR, 2.35% APY. Boo-hoo...
https://www.cfgcommunitybank.com/deposit-rates-new/

Rates

Rates for CFG Bank are currently being reviewed.

Locations


CFG Bank Locations
Cfg Community Bank11 W. Ridgely RoadLutherville, MD 21093
Baltimore Branch1615 Thames StreetBaltimore, MD 21231

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