Colombo Bank (MD)

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LOCATIONS

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.76%	5-year CD	60 Month CD 1.85% - Synchrony Bank 60 Month CD
0.55%	1-year CD	12 Month CD 1.05% - Ally Bank High Yield 12-Month CD
0.05%	Savings	Passbook Savings (Baltimore Branch Only) 1.00% - Ally Bank Online Savings Account

View all Colombo Bank (MD) rates »

Overview / Commentary

www.colombobank.com

240-268-2265

1600 East Gude Drive
Rockville, MD 20850

Founded in 1968, Independence saw the need for a financial institution that was committed to serving all segments of the population. Within a very short time, Independence received national recognition for its commitment to its founding principle: "The credit worthiness of each individual should be judged on merit, not race, sex, age or country of origin."

Today, they have made home ownership possible for more than 5,000 families, and have enabled more than 43,000 students to attend the colleges of their choice. They live up to their motto: "Together We Make It Happen!".

Overall
FDIC Certificate #	31555
Year Established	1968
Employees	47
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.12%
Return on Equity - YTD	1.24%
Annual Interest Income	$4.4MM

Assets and Liabilities
Assets	Q2 2016vs Q2 2015	$201.9MM$199.4MM
Loans	Q2 2016vs Q2 2015	$149.2MM$153.7MM
Deposits	Q2 2016vs Q2 2015	$145.8MM$143.8MM
Equity Capital	Q2 2016vs Q2 2015	$20.3MM$19.8MM
Loan Loss Allowance	Q2 2016vs Q2 2015	$3.3MM$3.8MM
Unbacked Noncurrent Loans	Q2 2016vs Q2 2015	$1.7MM$1.3MM
Real Estate Owned	Q2 2016vs Q2 2015	$253.00K$830.00K

Rates

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Colombo Bank (MD) Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%	$50	-	Statement Savings
0.05%	$50	-	IRA Savings
0.05%	$50	-	Commercial Savings
0.05%	$50	-	Passbook Savings (Baltimore Branch Only)

Colombo Bank (MD) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.30%^*	$100k^*	-	Personal Money Market
OTHER TIERS: 0.15% → $2k - $10k \| 0.20% → $10k - $25k \| 0.25% → $25k - $100k
0.30%^*	$100k^*	-	Business Money Market
OTHER TIERS: 0.15% → $2k - $10k \| 0.20% → $10k - $25k \| 0.25% → $25k - $100k

Colombo Bank (MD) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.85%	-	-	IOLTA Checking
0.10%	$250	-	Personal NOW Checking
0.10%	$500	-	Commercial NOW Checking

Colombo Bank (MD) CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.76%	$1k	-	60 Month CD
1.51%	$1k	-	48 Month CD
1.11%	$1k	-	36 Month CD
0.85%	$1k	-	24 Month CD
0.85%	$1k	-	30 Month CD
0.75%^*	$25k^*	-	12 Month New Money Promo CD
OTHER TIERS: 0.10% → Up to $25k
0.60%	$1k	-	18 Month CD
0.55%	$1k	-	12 Month CD
0.35%	$1k	-	6 Month CD
0.20%	$1k	-	3 Month CD

Locations

Colombo Bank (MD) Locations
9th Street Branch	1301 9th Street N W	Washington, DC 20001
Independence Federal Savings Bank	1600 East Gude Drive	Rockville, MD 20850
Eastern Avenue Branch	7901 Eastern Avenue	Silver Spring, MD 20910
Baltimore Branch	224 Albemarle St	Baltimore, MD 21202
Bethesda Branch	6929 Arlington Rd	Bethesda, MD 20814

Colombo Bank (MD)

Popular Accounts at this Bank

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Data as of Q2 2016

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Colombo Bank (MD) Savings Account Rates

Colombo Bank (MD) Money Market Rates

Colombo Bank (MD) Checking Account Rates

Colombo Bank (MD) CD Rates