Continental Bank


Overview / Commentary
801-595-7000
15 W South Temple Ste 300
Salt Lake City, UT 84101

Continental Bank is headquartered in Salt Lake City and is the 36th largest bank in the state of Utah. It is also the 3,140th largest bank in the nation. It was established in 2003 and as of June of 2022, it had grown to 31 employees at 1 location. Continental Bank has an A health rating.

Reviews (2)

Uses Savebetter Technology

Posted by: |

Had some glitches with Chrome browser but customer service at Continental and SaveBetter helpful. Strange process - no vetting for security; no trial deposits with external bank. Uncertain if SaveBetter intermediate platform presents risks with FDIC insurance ?

Did My Research

Posted by: |

This was a sponsored bank on this website with a good 13 month CD rate in todays time. I decided to explore it. Found out that it was a bank in China. Hence did not start an account. Would not be wise to prematurely close a CD from a globalist bank- pay the penalty and fund a bank that was in China. If your research leads you to a different outcome, would be interested. Thanks community.



Health

Health Grade Components

Overall
FDIC Certificate #57571
Year Established2003
Employees31
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.08%
Return on Equity - YTD13.56%
Annual Interest Income$6.3MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$193.3MM$290.1MM
LoansQ2 2022vs Q2 2021$145.7MM$232.1MM
DepositsQ2 2022vs Q2 2021$155.2MM$247.6MM
Equity CapitalQ2 2022vs Q2 2021$32.2MM$31.4MM
Loan Loss AllowanceQ2 2022vs Q2 2021$2.5MM$2.5MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$346.00K$1.1MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates
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Continental Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%$20k-Preferred Business Savings
0.25%--Basic Business Savings

Continental Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$5k-Business Money Market Account

Continental Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%$25k-Business 5 Year High Yield CD
1.15%$25k-Business 4 Year High Yield CD
1.10%$25k-Business 3 Year High Yield CD
0.90%$25k-Business 2.5 Year High Yield CD
0.85%$25k-Business 2 Year High Yield CD
0.80%$25k-Business 1.5 Year High Yield CD
0.75%$25k-Business 1 Year High Yield CD
0.35%$25k-Business 180 Day High Yield CD
0.20%$25k-Business 90 Day High Yield CD
0.13%$25k-Business 10 Month Liquidity CD
Locations


Continental Bank Locations
Continental Bank15 W South TempleSalt Lake City, UT 84101

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