Fremont Bank is headquartered in Fremont and is the 25th largest bank in the state of California. It is also the 248th largest bank in the nation. It was established in 1964 and as of June of 2022, it had grown to 845 employees at 24 locations. Fremont Bank's money market rates are 7X the national average, and it has a B+ health rating.
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Stay Away - Stay Far Away
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.
Must Read Yelp Reviews On Fremont Bank
Please check the reviews on yelp. Very scary. Not too good.
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 19222 |
| Year Established | 1964 |
| Employees | 845 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.48% |
| Return on Equity - YTD | 7.21% |
| Annual Interest Income | $85.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $5.62B$5.46B |
| Loans | Q2 2022vs Q2 2021 | $4.38B$3.59B |
| Deposits | Q2 2022vs Q2 2021 | $5.20B$5.01B |
| Equity Capital | Q2 2022vs Q2 2021 | $367.9MM$390.6MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $60.6MM$59.9MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $16.5MM$35.6MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |
