City National Bank is headquartered in Taylor and is the 243rd largest bank in the state of Texas. It is also the 2,869th largest bank in the nation. It was established in 1900 and as of June of 2020, it had grown to 41 employees at 1 location. City National Bank's money market rates are 14% higher than the national average, and it has an A health rating.
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6/30 - City National Bank Cuts Reward Checking Rate Again
5/12 - City National Bank Cuts Reward Checking Rate
1/7 - City National Bank cuts its reward checking rate to 2.05% (was 2.65%)
1/7 - High-Yield Reward Checking Account at City National Bank in Texas - Nationally Available
I Have Yet To Find A Bank That Can Match What They Offer
I have yet to find a bank that can match what they offer. First of all, they offer great customer service. We get reimbursed for all ATM fees. We get interest on our checking, with no minimum balance. No monthly fee. They pay us. Sure, rates have dropped since I joined, but so have everybody elses. I cannot recall ever having funds not immediately being available.
Whenever I visit another bank, or a bank's booth at a festival, I always compare. Some come close, but can't match CNBT.
Why can't more banks be like this one?
Great Rates Don't Last Forever.
City National Bank of Taylor, Texas, had some nice rates in their rewards checking. But as Ken the bank deals guy mentioned somewhere in this website, the rates just couldn't last forever. I didn't really have any problems with their bank with their rewards checking, except their rates just kept on dropping.
Sort of like EmigrantDirect of New York back six years ago. Great rates, then it's time to move on.
The limits on electronic transfer of $2,500 are the maximum. But it takes just a day wait or so with the approval of the staff at the bank, to move larger sums of money.
The only other thing that I had to work around was the lack of availability to make ATM deposits or withdrawals. I just could not do it. Their ATM network was not available any where close to me. So of course I needed to keep my local bank for regular banking stuff.
They have a great, friendly, helpful bank staff that answers the phone, and a solid bank performance balance sheet.
Not Thathigh Of Interest Rates And They Do
Not that high of interest rates and they do, by default, put some limits on electronic transfers, but they have NO MAXIMUM BALANCE and their customer service is great - very friendly and very accommodating.
Good Customer Service, Rates Keep Falling
They have a 5 star rating for financial stability and their customer service is great. Unfortunately their rates keep falling so it's time to look for another bank.
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 5548 |
| Year Established | 1900 |
| Employees | 41 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.07% |
| Return on Equity - YTD | 9.44% |
| Annual Interest Income | $3.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $218.7MM$195.0MM |
| Loans | Q2 2020vs Q2 2019 | $125.5MM$117.2MM |
| Deposits | Q2 2020vs Q2 2019 | $193.5MM$171.8MM |
| Equity Capital | Q2 2020vs Q2 2019 | $24.0MM$22.5MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $1.8MM$1.8MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $1.0MM$835.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |