Mega Bank

Overview / Commentary

www.megabankusa.com

626-282-3000

245 West Valley Boulevard
San Gabriel, CA 91776

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 59% higher than 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
0.75%^*	$500k^*	-	Tiered Personal Savings
OTHER TIERS: 0.30% → Up to $5k \| 0.35% → $5k - $50k \| 0.45% → $50k - $100k \| 0.55% → $100k - $250k \| 0.65% → $250k - $500k
0.75%^*	$500k^*	-	Tiered Business Savings
OTHER TIERS: 0.30% → Up to $5k \| 0.35% → $5k - $50k \| 0.45% → $50k - $100k \| 0.55% → $100k - $250k \| 0.65% → $250k - $500k

Mega Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.70%^*	$500k^*	-	Tiered Personal Money Market
OTHER TIERS: 0.25% → Up to $2.5k \| 0.30% → $2.5k - $50k \| 0.40% → $50k - $100k \| 0.50% → $100k - $250k \| 0.60% → $250k - $500k
0.70%^*	$500k^*	-	Tiered Business Money Market
OTHER TIERS: 0.25% → Up to $2.5k \| 0.30% → $2.5k - $50k \| 0.40% → $50k - $100k \| 0.50% → $100k - $250k \| 0.60% → $250k - $500k

Mega Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.45%^*	$100k^*	-	Personal Super NOW
OTHER TIERS: 0.25% → Up to $1k \| 0.35% → $1k - $100k
0.45%^*	$100k^*	-	Business Super NOW
OTHER TIERS: 0.25% → Up to $1k \| 0.35% → $1k - $100k

Mega Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.06%^*	$100k^*	-	Over 2 Year Regular Time CD
OTHER TIERS: 0.95% → $2.5k - $100k
0.95%^*	$100k^*	-	18 Month Regular Time CD
OTHER TIERS: 0.85% → $2.5k - $100k
0.95%	$100k	-	24 Month Flexible Time CD
0.90%^*	$100k^*	-	271-365 Day Regular Time CD
OTHER TIERS: 0.80% → $2.5k - $100k
0.65%^*	$100k^*	-	181-270 Day Regular Time CD
OTHER TIERS: 0.55% → $2.5k - $100k
0.50%^*	$100k^*	-	91-180 Day Regular Time CD
OTHER TIERS: 0.45% → $2.5k - $100k
0.45%^*	$100k^*	-	7-30 Day Regular Time CD
OTHER TIERS: 0.40% → $2.5k - $100k
0.45%^*	$100k^*	-	31-60 Day Regular Time CD
OTHER TIERS: 0.40% → $2.5k - $100k
0.45%^*	$100k^*	-	61-90 Day Regular Time CD
OTHER TIERS: 0.40% → $2.5k - $100k

Mega Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.95%	$2.5k	-	24 Month IRA
0.85%	$2.5k	-	18 Month IRA
0.80%	$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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