Dearborn Federal Savings Bank


Overview / Commentary
313-565-3100
22315 W Michigan Ave
Dearborn, MI 48124

Dearborn Federal Savings Bank is headquartered in DEARBORN and is the 52nd largest bank in the state of Michigan. It is also the 2,609th largest bank in the nation. It was established in 1936 and as of December of 2024, it had grown to 43 employees at 5 locations. Dearborn Federal Savings Bank has an A health rating.

Reviews (1)

Poor Customer Service

Posted by: |

Terrible bank. We had perfect credit. Our escrow went up by $15. We are set up on autopay. When we noticed, we called and asked if it was ok to just adjust the autopay and include it in the follow month. They said yes, that would be fine. They then reported it against our credit and refuse to fix the problem. If it was not ok to pay next month, they should have told us that when we asked and we would have gladly paid the $15. Terrible customer service in a bank that is stuck in the 90’s.



Health

Health Grade Components

Overall
FDIC Certificate #29874
Year Established1936
Employees43
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.03%
Return on Equity - YTD0.11%
Annual Interest Income$9.5MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$276.6MM$269MM
LoansQ4 2024vs Q4 2023$202.5MM$196.9MM
DepositsQ4 2024vs Q4 2023$168.2MM$167.8MM
Equity CapitalQ4 2024vs Q4 2023$78.6MM$78.6MM
Loan Loss AllowanceQ4 2024vs Q4 2023$1.5MM$1.6MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$0$83K
Real Estate OwnedQ4 2024vs Q4 2023$0$0
Rates

Rates for Dearborn Federal Savings Bank are currently being reviewed.

Locations


Dearborn Federal Savings Bank Locations
14615 Ford Rd Branch14615 Ford RoadDearborn, MI 48126
22180 West Outer Drive Branch22180 West Outer DriveDearborn, MI 48124
Dearborn Federal Savings Bank22315 Michigan AveDearborn, MI 48124
27115 West Warren Branch27115 West WarrenDearborn Heights, MI 48127
4111 South Telegraph Branch4111 South TelegraphDearborn Heights, MI 48125

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