Main Street Bank (MI)

Deposits held and insured by Superior National Bank and Trust Company

Overview / Commentary
248-645-8888
31780 Telegraph Road
Bingham Farms, MI 48025
Deposits held and insured by Superior National Bank and Trust Company

Related Posts

Main Street Bank's Kasasa Cash/Saver Combined Earnings A Good Deal - 6/12/2020

Main Street Bank's nationally available Kasasa Cash earns 2.00% APY on qualifying balances up to $15k, while the Kasasa Saver earns 1.75% APY up to $100k.

Main Street Bank Rate Change - 3/29/2020

Received this email from MSB today: As of 3/19/2020, the rate on our Kasasa Cash account changed from 3% APY on balances up to $30,000.00 to 2% APY on balances up to $15000.00.

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Wish They Were Easier

Posted by: |

This bank has friendly responsible staff and they pick up the phone when you call. I wish they were easier to transact with though. Their mobile deposit has a $1.5K limit. The atm daily limit is $300. I recently called to place a claim for a double charge and was told to go back to the merchant. After requesting the account disclosure and 5 emails later was I referred to the branch supervisor to place a claim. I recommend the bank, just wish they would make it easier.

18 Monthe CD Rate Shown Is Not Correct

The 3% APY for an 18 month CD as shown from your search tool is incorrect and not available. If one clicks the on more detailed listing of rates, or if one goes to the bank's website, the APY available is (only) 2.5% for an 18 month CD

Petty Bank...25 Cents Is Worth More To Them, Then Their Customers.

Posted by: |

Small error and I earned only $2.17 interest on a $25,000 deposit
I wish I could get a loan from them for $25,000 and pay them $2.17!
So much for 2.32% interest advertised.
They also evaluate your spending habits...This bank must be your primary bank or the ONLY bank you do business with or they will NOT pay interest.
Overall they are very petty bank and value a few dollars over their customers. Customer acquisition rate doesn't seem to matter?
I opened an account and closed it shortly thereafter.
No thanks, there are too many other banks and credit unions out there to choose from.

Opening A CD Online Went Fast!

Posted by: |

I just opened a CD online and it was very, very fast and smooth. The only problem was you can only put in up to $100,000.00 per CD. I had to open a second cd for the rest of the money. Otherwise so far so good in terms of speed in opening the account Also, the rates are good and I understand (please verify) that they have a 180 day early withdrawal penalty on a 4 year cd which is excellent!

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Health
A

Data as of Q2 2020

Data displayed below is for insuring bank: Superior National Bank and Trust Company
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #5058
Year Established1890
Employees126
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.08%
Return on Equity - YTD10.36%
Annual Interest Income$11.4MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$624.0MM$564.0MM
LoansQ2 2020vs Q2 2019$323.9MM$303.7MM
DepositsQ2 2020vs Q2 2019$562.9MM$484.3MM
Equity CapitalQ2 2020vs Q2 2019$54.8MM$74.2MM
Loan Loss AllowanceQ2 2020vs Q2 2019$5.5MM$5.6MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$2.5MM$1.3MM
Real Estate OwnedQ2 2020vs Q2 2019$289.00K$192.00K
Rates

Sorry, we do not have rate data for Main Street Bank (MI).

Locations

Availability



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