Overview / Commentary
BankProv was founded in 1828 as The Provident Bank and exists today as the 10th oldest bank in the country. BankProv is a future-ready commercial bank for corporate clients, specializing in offering adaptive and technology-first banking solutions to niche markets, including cryptocurrency, renewable energy, fin-tech and enterprise value lending with a focus on search fund loans.
Reviews (1)
Terrible Experience With Bankprov Max Acct
Posted by: jph224 | Aug 1, 2024
BankProv's service is just subpar. Their offered rate is great, but not worth the poor/rude customer service.
Health
B
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 90141 |
| Year Established | 1828 |
| Employees | 193 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.19% |
| Return on Equity - YTD | 1.59% |
| Annual Interest Income | $43.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $1.65B$1.76B |
| Loans | Q2 2024vs Q2 2023 | $1.35B$1.33B |
| Deposits | Q2 2024vs Q2 2023 | $1.28B$1.47B |
| Equity Capital | Q2 2024vs Q2 2023 | $198.4MM$189.4MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $20.3MM$24MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $21.1MM$21.7MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |