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 44^th largest bank in the state of New Jersey. It is also the 1,437^th largest bank in the nation. It was established in 1911 and as of March of 2019, it had grown to 113 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.

Comment

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.

Comment

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.

Comment

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!!!

Comment

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Health

B+

Data as of Q1 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	6354
Year Established	1911
Employees	113
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.4%
Return on Equity - YTD	4.65%
Annual Interest Income	$4.7MM

Assets and Liabilities
Assets	Q1 2019vs Q1 2018	$501.5MM$505.9MM
Loans	Q1 2019vs Q1 2018	$337.8MM$321.6MM
Deposits	Q1 2019vs Q1 2018	$434.5MM$441.8MM
Equity Capital	Q1 2019vs Q1 2018	$44.8MM$41.1MM
Loan Loss Allowance	Q1 2019vs Q1 2018	$4.3MM$4.3MM
Unbacked Noncurrent Loans	Q1 2019vs Q1 2018	$1.9MM$4.1MM
Real Estate Owned	Q1 2019vs Q1 2018	$483.00K$0

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
0.75%	-	$10k	Kasasa 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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
1.50%^*	-	$10k	Kasasa 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	$10k	Business Interest Checking

First Hope Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.05%	$500	-	23 Month CD Special
2.05%	$500	-	Business 23 Month CD Special
2.01%	$500	-	13 Month CD Special
2.01%	$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
0.50%	$500	-	36 Month CD
0.50%	$2.5k	-	36 Month Risk Free CD
0.50%	$2.5k	-	Business 36 Month Risk Free CD
0.50%	$500	-	Business 36 Month CD
0.40%	$500	-	30 Month CD
0.40%	$500	-	Business 30 Month CD
0.35%	$500	-	24 Month CD
0.35%	$500	-	Business 24 Month CD
0.30%	$500	-	18 Month CD
0.30%	$500	-	Business 18 Month CD
0.25%	$500	-	12 Month CD
0.25%	$500	-	Business 12 Month CD
0.20%	$500	-	6 Month CD
0.20%	$500	-	Business 6 Month CD
0.10%	$500	-	3 Month CD
0.10%	$500	-	Business 3 Month CD

First Hope Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
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
0.50%	$500	-	36 Month IRA
0.50%	$2.5k	-	36 Month Risk Free IRA
0.40%	$500	-	30 Month IRA
0.35%	$500	-	24 Month IRA
0.30%	$500	-	18 Month IRA
0.25%	$500	-	12 Month IRA
0.20%	$500	-	6 Month IRA
0.10%	$500	-	3 Month IRA

Locations

First Hope Bank Locations
First Hope Bank, A National Banking Association	1301 Hope-Bridgeville Rd.	Hope, NJ 07844
Andover Branch	161 Newton Sparta Road	Newton, NJ 07860
Sparta Branch	220 Woodport Road, Aka Route 181	Sparta, NJ 07871
Hackettstown/Wash Township Branch	41 Rt 46	Hackettstown, NJ 07840
Great Meadows Branch	Route 46	Great Meadows, NJ 07838
Blairstown Branch	Route 94	Blairstown, NJ 07825

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