Fremont Bank is headquartered in FREMONT and is the 23rd largest bank in the state of California. It is also the 261st largest bank in the nation. It was established in 1964 and as of March of 2023, it had grown to 739 employees at 24 locations. Fremont Bank's money market rates are 4X the national average, and it has a B health rating.
I have been doing business with Fremont Bank for over twelve years. During that time I have refinanced my primary residence two times with them. Needless to say, I had been more than satisfied with their service and terms.
Given the current rate situation, I began a third refinance with them in late February of this year. As of this writing, July 13, 2020, my refi has still not closed.
Throughout this process Fremont Bank has lied, discriminated, and forged documents. This is not hyperbole; I have the recorded telephone conversations, email messages, as well as their own documents from their secure server.
Needless to say, I am no longer a satisfied customer and will be pursuing corrective action in the appropriate venues.
Stay away from Fremont Bank - stay far away.
Please check the reviews on yelp. Very scary. Not too good.
Overall | |
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FDIC Certificate # | 19222 |
Year Established | 1964 |
Employees | 739 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.2% |
Return on Equity - YTD | 17.41% |
Annual Interest Income | $65.3MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2023vs Q1 2022 | $5.46B$5.55B |
Loans | Q1 2023vs Q1 2022 | $4.47B$3.99B |
Deposits | Q1 2023vs Q1 2022 | $4.73B$5.14B |
Equity Capital | Q1 2023vs Q1 2022 | $382.2MM$357.6MM |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $60.5MM$60.4MM |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $15.2MM$18.2MM |
Real Estate Owned | Q1 2023vs Q1 2022 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.