First Advantage Bank (TN)


Overview / Commentary
931-552-6176
1430 Madison Street
Clarksville, TN 37040

First Advantage Bank (TN) is headquartered in Clarksville and is the 30th largest bank in the state of Tennessee. It is also the 1,053rd largest bank in the nation. It was established in 1953 and as of December of 2019, it had grown to 134 employees at 9 locations. First Advantage Bank (TN) has an A health rating.

Related Posts

First Advantage Bank (TN) Lowers Max Earnings Checking Rate To 3.00% APY - 3/9/2020

First Advantage has lowered the rate on their Max Earnings and Max Earnings with Perks Checking accounts to 3.00% APY on the first $10,000 in balances for those who meet the transaction requirements. The rate had been 3.50% APY before this. For balances from $10,000 to $50,000, they now state a range of APY from 3.00% to 1.10%. I believe this to mean a marginal rate of 0.625% on the portion above $10K so that the blended rate would compute to 1.10% at the top end of $50K. Offer is still limited to KY and TN residents. It is pretty easy to meet the requirements since both debit and credit transactions count towards the required 10 overall. Estatements and at least one inbound Direct Deposit or ACH are the only other two things required. Keep in mind that First Advantage is merging with Reliant soon. I expect this account to be removed or further diminished when the merger is complete.

First Advantage Max Earnings Checking Rate Falls To 3.50% APY - 2/6/2020

ducky442 posted this change in a review of the bank, but I thought it likely to be seen by more account holders over here on the forum. First Advantage has lowered the rate on their Max Earnings and Max Earnings with Perks to 3.50% APY on the first $10,000 in balances for those who meet the transaction requirements. The rate had been 4.00% APY before this. With the First Advantage/Reliant bank merger upcoming, I expect that we will only see more downward changes to the First Advantage terms. Reliant doesn't even publish their rates online, so it's hard to imagine that those rates are high/competitive.

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Reviews (4)

4.5 Max Checking

They belong on your reward checking rankings at 4.5% for balances 10k or less. They sent us a confusing letter suggesting the account type would no longer be available as of June 1st, 2019, but that turned out not to be true. Game on.

Lowered Interest Rate

Posted by: |

Their website says drop everything we have raised our rates to 3.5%.
However if you have an account there you know they LOWERED their rate on the max earnings checking account from 4% to 3.5%

Very Poor Service

Posted by: |

I applied for a Me checking account. They did a hard pull on my credit report, which they told me that they only do soft inquires. Lie #1. They said that the credit bureau report shows that I had a 599 score, and that they require a 600. They gave me the credit bureau and I contacted them. The credit report was a 635 after the impact of their hard pull. Caught in lie #2. When I contacted FAB back they told me to come in and see the csr. I did just that with credit bureau report in hand only to be told that the csr refuses to see me. FAB lie #3. These people are in banking and can'take tell the truth.

Very Poor Customer Service

Posted by: |

This bank did a hard inquiry on my credit report even though I did not submit the application for a savings account. Hard credit inquiries damage credit for about 12 months. Most importantly, there was no reason for them to do it before I even submitted the application. I called and asked them to remove the inquiry and they refused.



Health

Health Grade Components

Overall
FDIC Certificate #30698
Year Established1953
Employees134
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.64%
Return on Equity - YTD6.05%
Annual Interest Income$37.4MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$737.2MM$664.6MM
LoansQ4 2019vs Q4 2018$644.5MM$575.5MM
DepositsQ4 2019vs Q4 2018$616.8MM$529.2MM
Equity CapitalQ4 2019vs Q4 2018$75.1MM$72.0MM
Loan Loss AllowanceQ4 2019vs Q4 2018$5.2MM$5.3MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$5.1MM$5.6MM
Real Estate OwnedQ4 2019vs Q4 2018$87.00K$386.00K
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

First Advantage Bank (TN) Lowers Max Earnings Checking Rate To 3.00% APY

  |  
First Advantage has lowered the rate on their Max Earnings and Max Earnings with Perks Checking accounts to 3.00% APY on the first $10,000 in balances for those who meet the transaction requirements. The rate had been 3.50% APY before this.

For balances from $10,000 to $50,000, they now state a range of APY from 3.00% to 1.10%. I believe this to mean a marginal rate of 0.625% on the portion above $10K so that the blended rate would compute to 1.10% at the top end of $50K.

Offer is still limited to KY and TN residents.

It is pretty easy to meet the requirements since both debit and credit transactions count towards the required 10 overall. Estatements and at least one inbound Direct Deposit or ACH are the only other two things required.

Keep in mind that First Advantage is merging with Reliant soon. I expect this account to be removed or further diminished when the merger is complete.

First Advantage Max Earnings Checking Rate Falls To 3.50% APY

  |  
ducky442 posted this change in a review of the bank, but I thought it likely to be seen by more account holders over here on the forum.

First Advantage has lowered the rate on their Max Earnings and Max Earnings with Perks to 3.50% APY on the first $10,000 in balances for those who meet the transaction requirements. The rate had been 4.00% APY before this.

With the First Advantage/Reliant bank merger upcoming, I expect that we will only see more downward changes to the First Advantage terms. Reliant doesn't even publish their rates online, so it's hard to imagine that those rates are high/competitive.

Rates

Rates for First Advantage Bank (TN) are currently being reviewed.

Locations


First Advantage Bank (TN) Locations
Franklin Branch1212 Murfreesboro RdFranklin, TN 37064
First Advantage Bank1430 Madison StreetClarksville, TN 37040
Fort Campbell Branch1800 Fort Campbell BoulevardClarksville, TN 37042
1929 Madison St Branch1929 Madison StClarksville, TN 37043
Saint Bethlehem Branch2070 Wilma Rudolph BlvdClarksville, TN 37040
Riverbend Banking Center1206 Hwy 48Clarksville, TN 37040
Carothers Park Shoppes Branch101 International Drive, Suite 100Franklin, TN 37067
Knoxville Lpo170-C Market Place BoulevardKnoxville, TN 37922
Capital View Branch1024 Dr. Martin L. King Jr. BlvdNashville, TN 37203

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