M1 Finance

Overview / Commentary
200 N LaSalle St., Ste. 800
Chicago, IL 60601

M1 Finance is the 685th largest bank in the nation. It was established in 1902 and as of December of 2020, it had grown to 341 employees. M1 Finance has an A health rating.

Reviews (1)

Not There Yet...

Their not quite ready for prime time. No beneficiaries for their 1% (Spend) accounts. Supposedly bene's for the Invest accounts (0% interest), but it's been a month with no response. No mailing addresses...it's 2021 right?

Response time from CSR's Is somewhere between very slow to non-existemt.

They might be better off turning the entire operation over to their robots.


Health Grade Components

FDIC Certificate #14207
Year Established1902
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.67%
Return on Equity - YTD6.04%
Annual Interest Income$60.3MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$1.43B$1.37B
LoansQ4 2020vs Q4 2019$1.08B$1.09B
DepositsQ4 2020vs Q4 2019$1.20B$1.12B
Equity CapitalQ4 2020vs Q4 2019$161.3MM$151.9MM
Loan Loss AllowanceQ4 2020vs Q4 2019$16.9MM$14.3MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$14.7MM$10.5MM
Real Estate OwnedQ4 2020vs Q4 2019$468.00K$3.0MM
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M1 Finance Checking Account Rates

1.00%--M1 Spend Plus

M1 Finance is an Internet only bank and does not have branch locations. Its headquarters is located at 200 N LaSalle St., Ste. 800 - Chicago, IL 60601

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