CFG Bank is headquartered in LUTHERVILLE and is the 5th largest bank in the state of Maryland. It is also the 273rd largest bank in the nation. It was established in 1997 and as of June of 2024, it had grown to 303 employees at 3 locations. CFG Bank's money market rates are 11X the national average, and it has a B health rating.
Prior to enrolling I spoke to an CSR about required credit report; they do a soft pull using ChexSystems
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I just completed an on-line High Yield Money Market enrollment. I was pleasantly surprised how easy it was. Funding the account is an ACH pull from your designated financial institution. As for the mobile phone number entry, I entered a landline number. No driver license photos required, just number and dates.
I use all the following 12 banks and can't say I have problems with any of them.Take it easy on them. ------ IT MAY BE YOU-----Brilliant,Bask,BRIO,Primis,All American bank,North American Savings,My banking direct, Ponce,CIT,Evergreen,Sallie Mae,
OK, I had the scathing review here, but as a surprise to me, a CFG representative reached out to me even after hours. He also explained that they are working to improve their system, which definitely needs a lot of improving.
So maybe they will be OK after all. It is a "we'll see" at this point, so I will come back and update.
My large six-figure check was refused by their app because it was more than their limit. Trying to get my large check deposited was a saga that didn't end well. This went on for several days, one week to be exact, and each time having to suffer through their horrible phone system, waiting for an interminable amount of time, every time, before being able to talk with someone, then being placed on hold again while the person checked with someone else in another department. Good grief. Finally, after several days of this insanity, one agent finally said the check would be accepted and he sent me an email, saying so. Great. Or so I thought. When the check didn't show up on my account, after another long wait, and many put-on-holds, a supervisor. gave me the bad news. "Your check was rejected because it was co-endorsed by someone who is not on your account." Really? Did it not occur to anyone to tell me that? Never mind that I have an email from one of their agents saying the check would be placed into my account. Oh sure, it's not your money, so why would you care. Such a waste of time and loss of interest on that amount. No apologies, either, not even one. So, no thank you, CFG Bank. Although I sincerely hope you will get your stuff together, I cannot take that chance and am closing my account for good. Adios.
Overall | |
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FDIC Certificate # | 34294 |
Year Established | 1997 |
Employees | 303 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 2.09% |
Return on Equity - YTD | 19.3% |
Annual Interest Income | $206.9MM |
Assets and Liabilities | ||
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Assets | Q2 2024vs Q2 2023 | $5.16B$5.08B |
Loans | Q2 2024vs Q2 2023 | $3.5B$3.54B |
Deposits | Q2 2024vs Q2 2023 | $4.49B$4.52B |
Equity Capital | Q2 2024vs Q2 2023 | $568.3MM$435.4MM |
Loan Loss Allowance | Q2 2024vs Q2 2023 | $58.5MM$57.4MM |
Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $153.5MM$53.7MM |
Real Estate Owned | Q2 2024vs Q2 2023 | $20.5MM$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
CFG Bank Locations | ||
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CFG Bank | 11 W Ridgely Rd | Lutherville, MD 21093 |
Baltimore Branch | 1615 Thames Street | Baltimore, MD 21231 |