Main Street Bank (MI) is headquartered in Bingham Farms and is the 51st largest bank in the state of Michigan. It is also the 2,475th largest bank in the nation. It was established in 2005 and as of December of 2018, it had grown to 97 employees at 2 locations. Main Street Bank (MI) has an A health rating.
This bank goes out of its way to help its cus tomers. I love there Kasasa Cash checking. It is a great checking account with easy requirements to earn a high interest rate. I have worked for 3 banks and I find this bank easy to understand and great interest on all there banking products. If you need help they are a phone call away with live people not recordings. I live in Florida but would not bank daily with any other bank. Love this bank.
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.
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
|FDIC Certificate #||57878|
|Return on Assets - YTD||0.81%|
|Return on Equity - YTD||8.87%|
|Annual Interest Income||$12.5MM|
|Assets and Liabilities|
|Assets||Q4 2018vs Q4 2017||$255.2MM$227.5MM|
|Loans||Q4 2018vs Q4 2017||$236.7MM$207.0MM|
|Deposits||Q4 2018vs Q4 2017||$221.1MM$196.7MM|
|Equity Capital||Q4 2018vs Q4 2017||$23.2MM$21.9MM|
|Loan Loss Allowance||Q4 2018vs Q4 2017||$1.3MM$1.3MM|
|Unbacked Noncurrent Loans||Q4 2018vs Q4 2017||$620.00K$206.00K|
|Real Estate Owned||Q4 2018vs Q4 2017||$0$0|
Rates for Main Street Bank (MI) are currently being reviewed.
|Main Street Bank (MI) Locations|
|Main Street Bank||31780 Telegraph Road||Bingham Farms, MI 48025|
|Troy Branch||363 West Big Beaver Road Suite 150||Troy, MI 48084|