Poppy Bank is headquartered in Santa Rosa and is the 34th largest bank in the state of California. It is also the 315th largest bank in the nation. It was established in 2005 and as of December of 2021, it had grown to 177 employees at 18 locations. Poppy Bank's CD rates are 67% higher than the national average, and it has a B+ health rating.
Not Worth The Frustration
there's always a reason a Podunk bank offers an above average rate. The opening process for an account is tedious with Poppy asking for far more personal info than necessary and required by gov't regs. Just tried to open a second cd and got so frustrated I took my business elsewhere.
VERY Bad Service----NONE
I called them 3 times and got no reply. You'd think they would at least call back and say they don't want to use our money. I even e mailed and got no reply.
Great Rate, But ...
After approval process, verifying trial deposits and $ withdrawn from external bank, the bank cancelled my CD and redeposited the funds. No calls / no emails. Apparently bank overwhelmed and mgmt cancelled the online CD applications as of 12/30.
Data as of Q4 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57903 |
| Year Established | 2005 |
| Employees | 177 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.78% |
| Return on Equity - YTD | 22.13% |
| Annual Interest Income | $128.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $4.06B$3.23B |
| Loans | Q4 2021vs Q4 2020 | $2.75B$2.29B |
| Deposits | Q4 2021vs Q4 2020 | $3.50B$2.85B |
| Equity Capital | Q4 2021vs Q4 2020 | $344.2MM$260.6MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $88.8MM$91.2MM |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $50.9MM$5.5MM |
| Real Estate Owned | Q4 2021vs Q4 2020 | $1,000.00K$3.9MM |
