Poppy Bank is headquartered in SANTA ROSA and is the 17th largest bank in the state of California. It is also the 236th largest bank in the nation. It was established in 2005 and as of June of 2024, it had grown to 227 employees at 28 locations. Poppy Bank's savings rates are 11X the national average, and it has a B health rating.
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More Like Poopy Bank
Like some other reviewer said, dealing with the employees at this poopy bank was a nightmare. Infinite holds and then hang ups are the norm. Dont even expect that someone will respond to the messages you left for them. Some of them dont even know what a credit bureau is or what a credit report is, the level of ignorance and arrogance I saw was surprising from this poopy bank.
The worst is so called chief banking officer of this poopy bank, Michael Finn, he flat out lies in response to complaints and then cries that his feelings got hurt. If you lie, some people are going to call you out for lying. So 2 easy solutions, either stop lying or start wearing diapers because sooner or later you are going to get caught with your pants down and with poop in your pants, and the whole world will know what kind of poopy bank you are running.
60 Day Hold Rule
I made a request online to transfer funds from my Poppy Bank Premier Online Savings Account to an external bank account. I received a call from the Operations Dept. informing me that I could not transfer the full amount requested because deposits that were less than 60 days old are not eligible to be transferred out of Poppy Bank. Why? This is a savings account, not a 60 days CD! Is that even legal?
Poppy Bank Has Compromised My Security By Sharing My Sensitive Private Information With The Foreign Nationals At Chex Systems!
Upon applying for the account, I was assured by poppy bank's staff and the Chief banking officer, Michael Finn that my Government protected sensitive information would not be shared with a third party like the Chex Systems. Then later I found out that my private information was shared with the Chex Systems that operates with all foreign national staff in India and posting all the private information of the individuals on their website with a little to no security. I left a message for Michael Finn at the bank, but he did not return my call. Now I have to deal with the consequence of their action.
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57903 |
| Year Established | 2005 |
| Employees | 227 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.76% |
| Return on Equity - YTD | 8.45% |
| Annual Interest Income | $170MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $6.29B$5.68B |
| Loans | Q2 2024vs Q2 2023 | $4.18B$3.68B |
| Deposits | Q2 2024vs Q2 2023 | $4.82B$4.38B |
| Equity Capital | Q2 2024vs Q2 2023 | $559.3MM$502MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $84.7MM$87.2MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $90.7MM$38.9MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $4.7MM$2.2MM |
