PriorityOne Bank is headquartered in Magee and is the 14th largest bank in the state of Mississippi. It is also the 1,104th largest bank in the nation. It was established in 1975 and as of June of 2020, it had grown to 191 employees at 16 locations. PriorityOne Bank has an A health rating.
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Excellent Bank
I have been banking here for many years, the customer service is wonderful, staff is always friendly and approachable. I even continued to bank with them when I went away to college, in a town where they did not have a branch, their technology is great and made banking with them from afar a breeze!
Overdraft Charges
Currently Bank of America and Bancorp South are being sued for purposely rearranging transactions of their customers in order to get more overdraft fees... Priority One Bank also does this, and when I caught this on my own personal account and confronted them about it, they admitted to doing this!! This is stealing!! My advice would be to consider another bank, and do not trust these thieves with your money.
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 21906 |
| Year Established | 1975 |
| Employees | 191 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.67% |
| Return on Equity - YTD | 16.16% |
| Annual Interest Income | $17.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $778.5MM$672.2MM |
| Loans | Q2 2020vs Q2 2019 | $559.4MM$515.2MM |
| Deposits | Q2 2020vs Q2 2019 | $661.6MM$547.8MM |
| Equity Capital | Q2 2020vs Q2 2019 | $78.4MM$72.0MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $5.6MM$4.8MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $2.6MM$3.9MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $469.00K$3.9MM |
