mBank


Overview / Commentary
906-341-8401
130 South Cedar Street
Manistique, MI 49854

mBank is headquartered in Manistique and is the 12th largest bank in the state of Michigan. It is also the 609th largest bank in the nation. It was established in 1934 and as of December of 2018, it had grown to 288 employees at 32 locations. mBank has an A health rating.

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Reviews (2)

Overdraft Fees

Posted by: Conrad906 | Apr 21, 2011

This bank in Michigan has a few convenient locations. The staff is usually somewhat friendly and helpful. The number and types of services is limited, and the rates on certificates of deposit and savings accounts are lower than average. Another problem with this bank is that they charge huge overdraft fee's instead of denying your debit card at the point of sale. Their online banking system is sometimes delayed and this leads to lots of overdraft fees. If you are looking for a bank with lenient overdraft policies look elsewhere.

Fee Oriented Bank

Posted by: k7iou1 | Aug 30, 2018

We had a nice local customer service oriented bank and mBank gobbled them up.
Their fee schedule is outrageous.
They pay zip in interest.
Bill pay stinks.
mBank app stinks.
Their main business is commercial loans. Need I say more?
Link to their fee schedule;
https://www.bankmbank.com/MediaLib/mbank2/mBank2/PDF/mBank-FeeSchedule-7-2018.pdf



Health

Health Grade Components

Overall
FDIC Certificate #14816
Year Established1934
Employees288
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD7.38%
Annual Interest Income$55.4MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$1.31B$983.8MM
LoansQ4 2018vs Q4 2017$1.03B$806.0MM
DepositsQ4 2018vs Q4 2017$1.10B$818.8MM
Equity CapitalQ4 2018vs Q4 2017$146.5MM$99.3MM
Loan Loss AllowanceQ4 2018vs Q4 2017$5.1MM$5.0MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$5.1MM$2.6MM
Real Estate OwnedQ4 2018vs Q4 2017$3.1MM$3.6MM
Rates
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mBank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.35%$10k$235k15 Month CD Special
2.35%$10k$235k9 Month CD Special
Locations

Availability



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