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.
Uses Savebetter Technology
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
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.
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57571 |
| Year Established | 2003 |
| Employees | 31 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.08% |
| Return on Equity - YTD | 13.56% |
| Annual Interest Income | $6.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $193.3MM$290.1MM |
| Loans | Q2 2022vs Q2 2021 | $145.7MM$232.1MM |
| Deposits | Q2 2022vs Q2 2021 | $155.2MM$247.6MM |
| Equity Capital | Q2 2022vs Q2 2021 | $32.2MM$31.4MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $2.5MM$2.5MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $346.00K$1.1MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |