HAB Bank is headquartered in NEW YORK and is the 34th largest bank in the state of New York. It is also the 497th largest bank in the nation. It was established in 1984 and as of June of 2023, it had grown to 164 employees at 6 locations. HAB Bank's money market rates are 36% higher than the national average, and it has an A health rating.
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2/11 - HAB Bank Offering 12-Month CD At 2.18% APY And 24-Month CD At 2.48% APY
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11/2 - 1.75% APY 12 Month & 2.30% APY 36 Month Hab Bank CD's
10/23 - HAB Bank 12-Month And 24-Month Cds - Socal
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9/24/12 - New-Branch CD Special at Habib American Bank in New Jersey - Local Only
6/12/12 - Competitive 5-Year CD Rate at Habib American Bank in CA, NY & NJ - Local Only
6/26/11 - Competitive CD Rates at Habib American Bank in NJ and CA - Local Only
3/7/11 - 1.60 APY 12 Months, 1.90 APY 24 Months
1/11/11 - Top CD Rates Are Back at Habib American Bank in CA, NY & NJ - Local Only
8/17/10 - Habib American Bank's Top CD & IRA CD Rates In CA, NY & NJ
6/15/10 - Top CD and IRA CD Rates at Habib American Bank in CA, NY & NJ - Local Only
Very Courteous Customer Service
However, the 12 month CD at 1.30% is not for IRA accounts.
Harassment To Keep Money In Bank
My son and I each opened separate CD's in this bank. They matured at different dates. We both had the experience upon closing the CD, 15 minutes of harassment by the staff and then the bank manager.
They continued making the same statements over and over about how I should be loyal to the bank and keep my money in an account that barely was giving any interest. The hassasment would have continued had I let it. Would not recommend this bank.
BEWARE WHEN CLOSING ACCOUNT
ITS VERY SCARRY TO GO INTO A BANK, YOU SIT DOWN AND TELL THEM YOUR CLOSING THE ACCOUNT. THEY TRY AND BULLY YOU INTO KEEPING THE ACCOUNT OPENED AND KEEPING YOUR MONEY IN THE BANK. THEY HOLD YOU HOSTAGE. THEY WANT TO KNOW WERE YOUR PUTTING THE MONEY AND INSIST YOU KEEP YOUR ACCOUNT WITH THE. EVEN THOUGH YOU TELL THEM YOU CAN GET MUCH MORE INTEREST IN ANOTHER BANK, THEY KEEP HARASSING YOU. THIS HAPPENED TO 2 OTHER FAMILY MEMBERS OF MINE. I WILL NEVER GO BACK TO THIS BANK. WHEN YOU CALL TO ASK QUESTIONS ABOUT YOUR ACCOUNT THEY ONLY ASK FOR YOUR ACCOUNT NUMBER AND ADDRESS. NO SECURITY ON YOUR ACCOUNT.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 25093 |
| Year Established | 1984 |
| Employees | 164 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.92% |
| Return on Equity - YTD | 9.61% |
| Annual Interest Income | $51.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $2.33B$2.17B |
| Loans | Q2 2023vs Q2 2022 | $1.39B$1.30B |
| Deposits | Q2 2023vs Q2 2022 | $1.98B$1.83B |
| Equity Capital | Q2 2023vs Q2 2022 | $214.9MM$202.2MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $21.5MM$19.5MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $0$1.8MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$390.00K |