Portage Community Bank

Overview / Commentary
1311 East Main Street
Ravenna, OH 44266

Portage Community Bank is headquartered in Ravenna and is the 55th largest bank in the state of Ohio. It is also the 1,847th largest bank in the nation. It was established in 1998 and as of June of 2022, it had grown to 85 employees at 4 locations. Portage Community Bank's CD rates are 2X the national average, and it has a B+ health rating.

Reviews (1)

Portage Community Bank

The first bank I ever used was Portage Community Bank when I got my first job in high school. I only went to that bank because my mom also went to that bank and I was told that I couldn't have a bank account while I was under 18 without an adult (or parent) having the account with me. I'm still not sure if that's normal practice. Being totally unaware of how things worked, I didn't really care about where or how I banked, I just needed a place to cash my paychecks. Now that I've banked elsewhere and am a bit more experience, I feel like the bank was pretty underwhelming, honestly. Not only were the tellers pretty rude/cold most the time, but the bank itself wasn't helpful to new members and especially young people AT ALL. There were no programs to help you learn about banking or how to live financially responsibly. There were some benefits for people that had been there for like a million years but pretty much nothing for new members who actually needed it. So while I was still a kid I'd hear of all these cool benefits and programs that other people had with their banks and as soon as I turned 18 I withdrew all my money and when to a bank that seemed to actually give a damn about the financial well-being of its members.


Health Grade Components

FDIC Certificate #34760
Year Established1998
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD6.27%
Annual Interest Income$7.0MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$461.2MM$475.5MM
LoansQ2 2022vs Q2 2021$301.2MM$265.5MM
DepositsQ2 2022vs Q2 2021$408.3MM$409.8MM
Equity CapitalQ2 2022vs Q2 2021$38.8MM$47.5MM
Loan Loss AllowanceQ2 2022vs Q2 2021$3.0MM$3.0MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$2.5MM$3.3MM
Real Estate OwnedQ2 2022vs Q2 2021$47.00K$27.00K
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Always verify rates and promotions with the bank or credit union. We are not Portage Community Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Portage Community Bank Savings Account Rates

1.01%*-$25kNeighbor Rewards Savings
OTHER TIERS: 0.20% $25k+
0.20%--Community Savings IRA
0.15%--Health Savings Account
0.10%--Community Statement Savings
0.10%--Community Business Statement Savings
0.10%--Litl People Passbook Savings

Portage Community Bank Money Market Rates

0.40%*$100k*-Community Index Money Market
OTHER TIERS: 0.10% Up to $50k | 0.25% $50k - $100k
0.40%*$100k*-Community Business Money Market Account
OTHER TIERS: 0.10% Up to $50k | 0.25% $50k - $100k
0.30%*$100k*-Community Public Fund Index Account
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $100k

Portage Community Bank Checking Account Rates

2.50%*-$25kNeighbor Rewards Checking
OTHER TIERS: 0.25% $25k+
0.25%*$20k*-Prestige Checking
OTHER TIERS: 0.10% Up to $20k

Portage Community Bank CD Rates

2.50%$1k-36 - 47 Month CD Special
2.50%$1k-Business 36 - 47 Month CD Special
2.25%$1k-24 - 35 Month CD Special
2.25%$1k-Business 24 - 35 Month CD Special
2.00%$1k-12 - 23 Month CD Special
2.00%$1k-Business 12 - 23 Month CD Special
1.50%$1k-84 Month CD
1.50%$1k-Business 84 Month CD
1.25%$1k-48 - 59 Month CD
1.25%$1k-60 Month CD
1.25%$1k-Business 48 - 59 Month CD
1.25%$1k-Business 60 Month CD
1.25%$100k-Business 36 - 47 Month Jumbo CD
1.25%$100k-Business 48 - 59 Month Jumbo CD
1.25%$100k-Business 60 Month Jumbo CD
1.01%$100k-Business 24 - 35 Month Jumbo CD
1.00%$1k-180 - 364 Day CD
0.90%$100k-Business 12 - 23 Month Jumbo CD
0.50%$1k-Business 180 - 364 Day CD
0.50%$100k-Business 180 - 269 Day Jumbo CD
0.50%$100k-Business 270 - 364 Day Jumbo CD
0.30%$100k-60 Month Public Fund Jumbo CD
0.25%$1k-30 - 89 Day CD
0.25%$1k-90 - 179 Day CD
0.25%$1k-Business 30 - 89 Day CD
0.25%$1k-Business 90 - 179 Day CD
0.25%$100k-36 - 47 Month Public Fund Jumbo CD
0.25%$100k-48 - 59 Month Public Fund Jumbo CD
0.25%$100k-Business 120 - 149 Day Jumbo CD
0.25%$100k-Business 150 - 179 Day Jumbo CD
0.25%$100k-Business 60 - 119 Day Jumbo CD
0.20%$100k-12 - 23 Month Public Fund Jumbo CD
0.20%$100k-24 - 35 Month Public Fund Jumbo CD
0.15%$100k-180 - 269 Day Public Fund Jumbo CD
0.15%$100k-270 - 364 Day Public Fund Jumbo CD
0.10%$100k-120 - 149 Day Public Fund Jumbo CD
0.10%$100k-150 - 179 Day Public Fund Jumbo CD
0.10%$100k-60 - 119 Day Public Fund Jumbo CD
0.05%$100k-14 - 29 Day Public Fund Jumbo CD
0.05%$100k-30 - 59 Day Public Fund Jumbo CD
0.05%$100k-60 - 89 Day Public Fund Jumbo CD
0.05%$100k-Business 14 - 29 Day Jumbo CD
0.05%$100k-Business 30 - 59 Day Jumbo CD
0.05%$100k-Business 60 - 89 Day Jumbo CD

Portage Community Bank IRA Rates

2.50%$1k-36 - 47 Month IRA Special
2.25%$1k-24 - 35 Month IRA Special
2.00%$1k-12 - 23 Month IRA Special
1.25%$1k-48 - 59 Month IRA
1.25%$1k-60 Month IRA
1.00%$1k-270 Day IRA

Portage Community Bank Locations
Portage Community Bank1311 E Main StRavenna, OH 44266
Kent Office1532 South Water StreetKent, OH 44240
Cuyahoga Falls Office Branch140 Portage TrlCuyahoga Falls, OH 44221
Rootstown Office Branch4183 Tallmadge RoadRootstown, OH 44272

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