Classic Bank

Overview / Commentary
102 North Houston Street
Cameron, TX 76520

Classic Bank is headquartered in CAMERON and is the 130th largest bank in the state of Texas. It is also the 1,347th largest bank in the nation. It was established in 1889 and as of March of 2024, it had grown to 95 employees at 7 locations. Classic Bank's money market rates are 3X the national average, and it has an A health rating.

Reviews (4)

Love My Bank

Posted by: |

I love this bank! The staff in Rockdale goes above and beyond with their service whether it is with my every day banking or if I have an issue I need help with.

Good Bank, But...

Posted by: |

I have had an rewards checking account at Classic Bank for 5-6 years and the customer service has been great, however they continue to lower the interest rate. Lately they have been lowering the interest rate almost monthly without any prior notice to customers with Rewards Checking accounts. I have taken most of my money out about a month ago, and will close my account as soon as I can insure that all my direct deposits and Auto Pays have been switched to my new bank that pays 5%.

Must Go To The Bank To Open An Account

Posted by: |

If you live outside of Austin, be aware that you must go to a branch to complete the account application. You cannot finish setting up and funding until you visit a banker in person. This was the sole reason why I didn't join their bank.

Escrow Issues

Posted by: |

Classic Bank is unable to manage an Escrow Account and they don't comply with RESPA Guidelines and do what they want. They translate the law to suit their needs and there is no OCC office that one can walk into to submit complaints in person. Will have to do what I have to do but this bank sucks and they are most expensive when it comes to closing cost and the lack of service or assistance from the Giddings Branch is horrific. In addition when you request documentation they send you typed up documentation not system generated information. This banks practices really need to be looked in to by some banking governing party. They don't apply funds correctly and no one governs them. This bank lacks many things and leaves a bad taste in one's mouth.


Health Grade Components

FDIC Certificate #3126
Year Established1889
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.94%
Return on Equity - YTD11.49%
Annual Interest Income$9.2MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$704.9MM$647.4MM
LoansQ1 2024vs Q1 2023$570.6MM$511.6MM
DepositsQ1 2024vs Q1 2023$617.3MM$553.8MM
Equity CapitalQ1 2024vs Q1 2023$58.9MM$51.9MM
Loan Loss AllowanceQ1 2024vs Q1 2023$6.1MM$5.9MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$0$56K
Real Estate OwnedQ1 2024vs Q1 2023$150K$49K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Classic Bank Savings Account Rates

0.40%$500-Statement Savings Account
0.40%$100-Minor Savings Account
0.40%$500-Business Savings Account

Classic Bank Money Market Rates

1.51%$2.5k-Money Market Account
1.51%$2.5k-Business Money Market Account

Classic Bank Checking Account Rates

5.65%*$0$15kReward Checking
OTHER TIERS: 0.75% $15k+
0.25%$0-Classic Interest Checking
0.25%$5k-Classic Business Interest Checking

Classic Bank Locations
Classic Bank, National Association102 N Houston AveCameron, TX 76520
Liberty Hill Branch12251 West State Highway 29Liberty Hill, TX 78642
Cameron Branch1707 West CameronRockdale, TX 76567
Rosebud Branch198 W Ave BRosebud, TX 76570
Classic Bank, National Association Branch493 Highway 71 WBastrop, TX 78602
Giddings Branch825 East AustinGiddings, TX 78942
Thorndale Branch 204 W Hwy 79Thorndale, TX 76577

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