Northstar Bank (TX) is headquartered in Denton and is the 33rd largest bank in the state of Texas. It is also the 459th largest bank in the nation. It was established in 1919 and as of September of 2016, it had grown to 379 employees at 25 locations. Northstar Bank (TX) has an A health rating.
Got a letter form Northstar Bank today stating the following changes effective Oct 18, 2012:
Highest interest rate will drop to 2.02% (down from 2.25%)
Balance cap to earn the highest rate will drop to $10,000 (down from $20,000)
Hope this helps!
I've banked with them for 6 months - great rates and service. Received a notice yesterday announcing the following changes effective Mar 17, 2011:
- Rate will be increased from 3.51% APY to 4.01% APY
- High interest rate balance cap will be lowered from 50k to 30k and rate above the cap will decrease from 1.01% APY TO 0.5% APY
- Velocity Saver a new Savings Product that will earn 1.5% APY upto 20K when the Checking qualifications are met.
Overall still a better rate and service with the above changes.
Just got a letter in the mail saying that starting March 22, 2011 the max deposit for interest in velocity checking will be lowered from $30k to $20k, and the rate will be lowered from 3.01% APY to 2.25% APY.
Given the general uncertainty in the banking sector right now due to the debt crisis in Europe, it is understandable that they might change their rate. However I got hit with a rate change a few days after I opened my account, so I am considering other banks that offer a better deal on rewards checking.
Other than this flux, the customer service has been great.
Have had to wait a lot to speak to someone at the bank. Big fees to withdraw a CD, either to do an electronic transfer or get a cashier's check. Periodic issues to access online account (system not available, etc.). Not worth the marginal rates.
|FDIC Certificate #||11561|
|Return on Assets - YTD||1.21%|
|Return on Equity - YTD||8.19%|
|Annual Interest Income||$45.7MM|
|Assets and Liabilities|
|Assets||Q3 2016vs Q3 2015||$1.70B$1.69B|
|Loans||Q3 2016vs Q3 2015||$1.12B$994.5MM|
|Deposits||Q3 2016vs Q3 2015||$1.40B$1.39B|
|Equity Capital||Q3 2016vs Q3 2015||$253.1MM$266.4MM|
|Loan Loss Allowance||Q3 2016vs Q3 2015||$9.9MM$9.1MM|
|Unbacked Noncurrent Loans||Q3 2016vs Q3 2015||$6.2MM$8.1MM|
|Real Estate Owned||Q3 2016vs Q3 2015||$779.00K$1.8MM|
Sorry, we do not have rate data for Northstar Bank (TX).