2. First Hope Bank

First Hope Bank


Overview / Commentary
www.firsthope.com
908-459-4121
1301 Hope-Bridgeville Rd.
Hope, NJ 07844

First Hope Bank is headquartered in Hope and is the 43rd largest bank in the state of New Jersey. It is also the 1,391st largest bank in the nation. It was established in 1911 and as of December of 2018, it had grown to 112 employees at 6 locations. First Hope Bank's money market rates are 3X the national average, and it has a B+ health rating.

Reviews (10)

Great Experience

Posted by: Bazooka614 | Oct 13, 2018

Great bank. They have excellent service and good rates.

1

I Love This Bank

Posted by: Oliverzzzz | Aug 3, 2016

There is no other bank I would ever use. The customer service is fabulous. The employees treat you like family.

1

Great Bank

Posted by: PG | Apr 4, 2016

First Hope has been a phenomenal bank since I first started banking there in 5th grade. I was only 11 years old, but they had a great program of teaching kids the importance of saving. They enrolled me a graduated savings account where I earned different rewards, the best being my own ATM card, as long as my parents approved. Now that I am older, I still leave money in the bank as an emergency fund. The bank offers better rates than the leading big banks. Their customer service and online support are second to none. First Hope truly recognizes the importance of family-friendly clientele and being a neighborhood-friendly bank. I highly recommend that anyone who lives in the area to seek out their nearest branch and open an account.

1

DISGRACE Of A BANK!!!!

Posted by: sunbabe | Oct 19, 2017

mark swift & dawn colombaris basically take ur money and promise u a quick closing, but they dont deliver.. They lie and just drag the loan process on; almost 4 months. loan never went through after 4 separate closing dates. after wasting time and over $1300 spent with them. I changed banks and closed without any bumps in 35 days. stay away from FIRST HOPE BANK! If WALMART did mortgages; u would probably get better service then at FIRST HOPE!!!

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Health
B+

Data as of Q4 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #6354
Year Established1911
Employees112
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.53%
Return on Equity - YTD6.49%
Annual Interest Income$18.4MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$515.1MM$522.9MM
LoansQ4 2018vs Q4 2017$346.8MM$328.0MM
DepositsQ4 2018vs Q4 2017$440.7MM$453.6MM
Equity CapitalQ4 2018vs Q4 2017$43.0MM$42.7MM
Loan Loss AllowanceQ4 2018vs Q4 2017$4.3MM$4.1MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$2.5MM$4.3MM
Real Estate OwnedQ4 2018vs Q4 2017$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not First Hope Bank; we are a rate comparison website and cannot provide official rates or promotions.

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

First Hope Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%-$10kKasasa Saver
0.25%--Hopes & Dreams Club
0.20%--Kids Savings Account
0.15%--Holiday Club Account
0.10%--IRA Savings Account
0.10%--Business IRA Savings
0.05%--Statement Savings
0.05%--Business Statement Savings Account

First Hope Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$50k-Premier Money Market
1.50%$50k-Business Premier Money Market
0.15%*$100k*-Gold Money Market Account
OTHER TIERS: 0.05% → $1k - $2.5k | 0.10% → $2.5k - $100k
0.15%*$100k*-Gold Business Money Market Account
OTHER TIERS: 0.05% → $1k - $2.5k | 0.10% → $2.5k - $100k

First Hope Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*-$10kKasasa Cash
OTHER TIERS: 0.25% → $10k+
0.05%*$10k*-NOW Checking
OTHER TIERS: 0.01% → $1k - $10k
0.05%*$10k*-Hope Select Plus Account
OTHER TIERS: 0.01% → $1k - $10k
0.02%$2.5k$10kBusiness Interest Checking

First Hope Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.60%$500-23 Month CD Special
2.60%$500-Business 23 Month CD Special
2.50%$500-13 Month CD Special
2.50%$500-Business 13 Month CD Special
1.05%$500-60 Month CD
1.05%$2.5k-60 Month Risk Free CD
1.05%$500-Business 60 Month CD
1.05%$2.5k-Business 60 Month Risk Free CD
0.70%$500-48 Month CD
0.70%$2.5k-48 Month Risk Free CD
0.70%$500-Business 48 Month CD
0.70%$2.5k-Business 48 Month Risk Free CD
0.53%$500-36 Month CD
0.53%$2.5k-36 Month Risk Free CD
0.53%$2.5k-Business 36 Month Risk Free CD
0.53%$500-Business 36 Month CD
0.45%$500-30 Month CD
0.45%$500-Business 30 Month CD
0.38%$500-24 Month CD
0.38%$500-Business 24 Month CD
0.36%$500-18 Month CD
0.36%$500-Business 18 Month CD
0.32%$500-12 Month CD
0.32%$500-Business 12 Month CD
0.30%$500-6 Month CD
0.30%$500-Business 6 Month CD
0.15%$500-3 Month CD
0.15%$500-Business 3 Month CD

First Hope Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%$500-60 Month IRA
1.05%$2.5k-60 Month Risk Free IRA
0.70%$500-48 Month IRA
0.70%$2.5k-48 Month Risk Free IRA
0.53%$500-36 Month IRA
0.53%$2.5k-36 Month Risk Free IRA
0.45%$500-30 Month IRA
0.38%$500-24 Month IRA
0.36%$500-18 Month IRA
0.32%$500-12 Month IRA
0.30%$500-6 Month IRA
0.15%$500-3 Month IRA
Locations


First Hope Bank Locations
First Hope Bank, A National Banking Association1301 Hope-Bridgeville Rd.Hope, NJ 07844
Andover Branch161 Newton Sparta RoadNewton, NJ 07860
Sparta Branch220 Woodport Road, Aka Route 181Sparta, NJ 07871
Hackettstown/Wash Township Branch41 Rt 46Hackettstown, NJ 07840
Great Meadows BranchRoute 46Great Meadows, NJ 07838
Blairstown BranchRoute 94Blairstown, NJ 07825

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