Oxford Bank is headquartered in OXFORD and is the 21st largest bank in the state of Michigan. It is also the 1,172nd largest bank in the nation. It was established in 1884 and as of March of 2023, it had grown to 124 employees at 9 locations. Oxford Bank's CD rates are 6X the national average, and it has a B health rating.
Great Company
Oxford Bank is a great place to bank with. The staff is very friendly and helpful!
Oxford Bank
We have been dealing with Oxford Bank since 1979.I have never had any issues with the bank and or their services, not only is our business through them, we have several personal accts and no complaints there also.I would like to send kudos to Michelle Phelan and Tina Campbell for all their assistance over the years. Keep up the good work.
Great Products, Great Service
I switched my accounts over to Oxford Bank a little less than a year ago, and I'm extremely happy with the service I've received in that time.
The Personal Bankers are always there to help me with any need I have - and will even call me if they think I would benefit from a different product. The employees are friendly and always on top of everything.
They also just installed these awesome machines called ITMs for the drive-thru, so they've extended their banking hours to 7am-8pm so you don't have to rush to get to the bank for your banking needs.
Their mobile products are up to date and you can even use your fingerprint to log in, which is cool.
Overall, I'm extremely happy with the service I've received from Oxford. What an awesome asset to our community!
Horrible Bank
I cannot express how frustrated I am with Oxford Bank. I have tried to have them resolve an issue from Feb 22-June 1 and they have still not fixed it! I am currently refinancing my house and the bank required clarification on a loan we had with Oxford. It had been misreported to our credit report as a collection account, a mortgage, with incorrect payment amount and balance. It was not a mortgage and we had not missed a payment in 5 years. Literally everything on the credit report was wrong except that the loan was with Oxford Bank. Fast forward 100 days and they still have not gotten the necessary paperwork to the refinance bank and it is still on my credit report- incorrectly!!
To sum up my experience- incompetent, will not return phone calls/emails, will not follow up or take initiative to help a customer, I had to climb the ladder and threaten a letter to the president and CFO before action was taken, and it's still not finished! Put your money somewhere else. You will be happy you did.
They are horrible. I wish I could go back in time and go somewhere else. I would give them 0 stars but it won't let me.
Data as of Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 9719 |
| Year Established | 1884 |
| Employees | 124 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.77% |
| Return on Equity - YTD | 18.28% |
| Annual Interest Income | $10.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $821.6MM$786.2MM |
| Loans | Q1 2023vs Q1 2022 | $459.8MM$387.6MM |
| Deposits | Q1 2023vs Q1 2022 | $735.5MM$711.4MM |
| Equity Capital | Q1 2023vs Q1 2022 | $80.3MM$72.6MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $5.3MM$5.5MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $12.8MM$2.2MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $0$197.00K |