Prime Alliance Bank is headquartered in WOODS CROSS and is the 30th largest bank in the state of Utah. It is also the 1,269th largest bank in the nation. It was established in 2004 and as of September of 2024, it had grown to 33 employees at 1 location. Prime Alliance Bank's money market rates are 9X the national average, and it has an A health rating.
Easy-Peazy CD Opening
Just opened a 1-year CD @ 5.25% APY. Simple app process and funding was fast via ACH after micro deposit confirmation. No complaints.
Just Wonderful Experience
I took advantage of their current 24 and 36 month CD accounts, and have rarely received such great customer service. The rep I dealt with was intelligent, competent, knowledgeable, and kept in good communication with me throughout the process. This is especially impressive, given that recently they've lost substantial customer service personnel, which they're trying to flesh out.
I'd also like to clear up some misunderstandings I've read on DA about the current 24 and 36 mo specials in particular: The EWP for both accounts is an extremely low 90 days of dividends. At 5.5% and 5.25%, the rates aren't the top, but the very mild EWP makes them outstanding. Accounts can be opened as POD accounts, and although POD won't show in the account title of the statements one receives, it will be in the bank records and one can get some paper-proof of this. Those CDs are also available as IRA CDs. One might also be aware that, rather than open a savings or checking account with which to receive funds, I was advised (smart idea) to open a money market account: No minimum balance required, but currently has a 4.5% interest rate, IIRC. I believe one may be able to open a CD directly, but I always want an account that can receive the funds upon maturity, and the money market is the best idea.
I just wish every institution had this level of competent customer service.
Need Help With Recovery Text Her
I was naive enough to trust this binary options investment Platform with my hard-earned savings. In just a month, I lost $80000. Their lack of support and professionalism were shocking. It was a devastating experience. Thankfully, I filed a complaint I was recommended to madam christianamiddletonn@gmail and they helped me recover my funds. I urge you to do your research before trusting any platform with your money – it could save you a lot of heartache don't allow these fakes to take advantage of you I warn you
Beware, Is This A Real Bank ?
I have tried repeatedly to contact them by phone to discuss a CD application, they never answer the phone and there isn't even a recording. Do they even exist? I'm not at all comfortable sending my money to a bank you can't even reach.
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57920 |
| Year Established | 2004 |
| Employees | 33 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.53% |
| Return on Equity - YTD | 25.65% |
| Annual Interest Income | $44.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $787.1MM$724.9MM |
| Loans | Q3 2024vs Q3 2023 | $578.5MM$582.1MM |
| Deposits | Q3 2024vs Q3 2023 | $704MM$659.5MM |
| Equity Capital | Q3 2024vs Q3 2023 | $80.1MM$62MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $20.9MM$26.3MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $10.5MM$23.3MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |