Marlin Business Bank is headquartered in Salt Lake City and is the 24th largest bank in the state of Utah. It is also the 930th largest bank in the nation. It was established in 2008 and as of March of 2016, it had grown to 6 employees at 1 location. Marlin Business Bank has an A+ health rating.
I am not making any kind of rude or derisive remarks.....just stating facts that I can prove. Marlin Business Bank....my experience has found that they charge late fees even when you pay plenty ahead. They just claim that you are late. When I queried, if they may have mail problems, the answer was no. There is nothing wrong with their mail delivery. I pay online....my bank sent my payment so that it should arrive on the 13th..2 days ahead of the due date, the 15th. Marlin claims that they did not receive it until the 17th. My bank is experienced enough to know how long the mail takes to get there, and when it has to be sent. As in this case, they did it such that it would have an extra 2 days, ensuring on time arrival. I do believe that this is an intentional way of collecting additional late fees. Marlin Business Bank should be accepting electronic payments so that this type of controversy would be over, but so would their collection of made-up late charges. Be careful when considering doing business with this bank, especially leasing services. You will end up paying more than you thought.
|FDIC Certificate #||58267|
|Return on Assets - YTD||2.42%|
|Return on Equity - YTD||14.74%|
|Annual Interest Income||$21.0MM|
|Assets and Liabilities|
|Assets||Q1 2016vs Q1 2015||$777.9MM$712.9MM|
|Loans||Q1 2016vs Q1 2015||$700.4MM$619.1MM|
|Deposits||Q1 2016vs Q1 2015||$613.2MM$558.3MM|
|Equity Capital||Q1 2016vs Q1 2015||$128.1MM$121.3MM|
|Loan Loss Allowance||Q1 2016vs Q1 2015||$9.2MM$9.1MM|
|Unbacked Noncurrent Loans||Q1 2016vs Q1 2015||$2.0MM$1.8MM|
|Real Estate Owned||Q1 2016vs Q1 2015||$0$0|
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|Marlin Business Bank Locations|
|Marlin Business Bank||2795 E. Cottonwood Parkway, Suite 120||Salt Lake City, UT 84121|