Mega Bank

Overview / Commentary

www.megabankusa.com

626-282-3000

245 West Valley Boulevard
San Gabriel, CA 91776-3737

Mega Bank is headquartered in San Gabriel and is the 96^th largest bank in the state of California. It is also the 1,992^nd largest bank in the nation. It was established in 2008 and as of June of 2022, it had grown to 50 employees at 4 locations. Mega Bank's money market rates are 7X the national average, and it has an A health rating.

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2009

11/21 - 2.38% 16-Month & 2.15% 6-Month Jumbo CDs at Mega Bank in California - Local Only

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Health

Data as of Q2 2022

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Health Grade Components

Overall
FDIC Certificate #	58401
Year Established	2008
Employees	50
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.13%
Return on Equity - YTD	9.82%
Annual Interest Income	$8.7MM

Assets and Liabilities
Assets	Q2 2022vs Q2 2021	$415.9MM$436.5MM
Loans	Q2 2022vs Q2 2021	$332.9MM$345.6MM
Deposits	Q2 2022vs Q2 2021	$348.6MM$367.0MM
Equity Capital	Q2 2022vs Q2 2021	$51.4MM$46.9MM
Loan Loss Allowance	Q2 2022vs Q2 2021	$5.1MM$5.3MM
Unbacked Noncurrent Loans	Q2 2022vs Q2 2021	$2.4MM$5.0MM
Real Estate Owned	Q2 2022vs Q2 2021	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Mega Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.84%^*	$500k^*	-	Tiered Personal Savings
OTHER TIERS: 2.38% → Up to $5k \| 2.43% → $5k - $50k \| 2.53% → $50k - $100k \| 2.63% → $100k - $250k \| 2.73% → $250k - $500k
2.58%^*	$500k^*	-	Tiered Business Savings
OTHER TIERS: 2.12% → Up to $5k \| 2.17% → $5k - $50k \| 2.27% → $50k - $100k \| 2.38% → $100k - $250k \| 2.48% → $250k - $500k

Mega Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
2.89%^*	$500k^*	-	Tiered Personal Money Market
OTHER TIERS: 2.43% → Up to $2.5k \| 2.48% → $2.5k - $50k \| 2.58% → $50k - $100k \| 2.68% → $100k - $250k \| 2.78% → $250k - $500k
2.63%^*	$500k^*	-	Tiered Business Money Market
OTHER TIERS: 2.17% → Up to $2.5k \| 2.22% → $2.5k - $50k \| 2.32% → $50k - $100k \| 2.43% → $100k - $250k \| 2.53% → $250k - $500k

Mega Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.53%^*	$100k^*	-	Personal Super NOW
OTHER TIERS: 2.32% → Up to $1k \| 2.43% → $1k - $100k
2.27%^*	$100k^*	-	Business Super NOW
OTHER TIERS: 2.07% → Up to $1k \| 2.17% → $1k - $100k

Mega Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.07%^*	$2.5k^*	$100k	Over 2 Year Regular Time CD
OTHER TIERS: 4.02% → $100k+
3.97%^*	$2.5k^*	$100k	18 Month Regular Time CD
OTHER TIERS: 3.92% → $100k+
3.71%^*	$2.5k^*	$100k	271-365 Day Regular Time CD
OTHER TIERS: 3.66% → $100k+
3.71%	$100k	-	24 Month Flexible Time CD
2.78%^*	$2.5k^*	$100k	181-270 Day Regular Time CD
OTHER TIERS: 2.73% → $100k+
2.63%^*	$2.5k^*	$100k	91-180 Day Regular Time CD
OTHER TIERS: 2.58% → $100k+
2.58%^*	$2.5k^*	$100k	7-30 Day Regular Time CD
OTHER TIERS: 2.53% → $100k+
2.58%^*	$2.5k^*	$100k	31-60 Day Regular Time CD
OTHER TIERS: 2.53% → $100k+
2.58%^*	$2.5k^*	$100k	61-90 Day Regular Time CD
OTHER TIERS: 2.53% → $100k+

Mega Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
4.07%	$2.5k	-	24 Month IRA
3.97%	$2.5k	-	18 Month IRA
3.71%	$2.5k	-	12 Month IRA

Locations

Mega Bank Locations
Hacienda Heights Branch	17188 Colima Road #a	Hacienda Heights, CA 91745
Mega Bank	245 W Valley Blvd	San Gabriel, CA 91776
Irvine Branch	3947 Irvine Blvd	Irvine, CA 92602
Arcadia Branch	1415 South Baldwin Avenue	Arcadia, CA 91007

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