Provident State Bank

Overview / Commentary
312 Main Street
Preston, MD 21655

Provident State Bank is headquartered in Preston and is the 17th largest bank in the state of Maryland. It is also the 1,504th largest bank in the nation. It was established in 1904 and as of September of 2020, it had grown to 93 employees at 10 locations. Provident State Bank's money market rates are 14% higher than the national average, and it has an A health rating.

Related Posts

Promo Money Market,1.75% APY 3 Month Rate Guarantee - 4/27/2020

Market area is Maryland's Eastern Shore. Minimum deposit/balance of $10k of new money. Rate guaranteed for three months.

Reviews (1)

Provident State Bank, Preston

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Provident State Bank in Preston, their home office, sucks. I will be soon placing my accounts elsewhere, for the second time. I used this bank because it was convenient, they are no longer convenient, and most of their staff have major attitudes. Go elsewhere if you are looking for a good bank.


Health Grade Components

FDIC Certificate #8813
Year Established1904
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.93%
Return on Equity - YTD9.45%
Annual Interest Income$15.2MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$542.0MM$457.3MM
LoansQ3 2020vs Q3 2019$408.4MM$345.4MM
DepositsQ3 2020vs Q3 2019$447.2MM$363.9MM
Equity CapitalQ3 2020vs Q3 2019$51.0MM$43.9MM
Loan Loss AllowanceQ3 2020vs Q3 2019$3.6MM$3.3MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$1.3MM$2.5MM
Real Estate OwnedQ3 2020vs Q3 2019$84.00K$209.00K
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Always verify rates and promotions with the bank or credit union. We are not Provident State 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.

Provident State Bank Savings Account Rates

0.35%$1-Christmas Club Account
0.05%$25-Regular Savings Account
0.05%$25-Minor Savings Account
0.05%--Repurchase Sweep Account
0.03%$100-Health Savings Account

Provident State Bank Money Market Rates

0.50%$10k-Promo Money Market - New Money (3 Month Only)
0.30%*$1m*-Premier Money Market
OTHER TIERS: 0.15% $125k - $250k | 0.20% $250k - $500k | 0.25% $500k - $1000k
0.19%*$100k*-Money Market + Account
OTHER TIERS: 0.09% $1k - $50k | 0.14% $50k - $100k
0.19%*$100k*-Business Money Market + Account
OTHER TIERS: 0.09% $1k - $50k | 0.14% $50k - $100k

Provident State Bank Checking Account Rates

0.30%*$1m*-Business Elite Checking
OTHER TIERS: 0.15% $125k - $250k | 0.20% $250k - $500k | 0.25% $500k - $1m
0.14%*$100k*-IOLTA Interest Checking
OTHER TIERS: 0.05% $1k - $100k
0.03%$1k-Interest Checking Account
0.03%$1k-Business Interest Checking

Provident State Bank CD Rates

0.60%$1k-60 Month CD
0.45%$1k-48 Month CD
0.40%$1k-36 Month CD
0.35%$1k-24 Month CD
0.35%$1k-18 Month CD
0.30%$1k-12 Month CD
0.20%$1k-6 Month CD
0.10%$1k-3 Month CD

Provident State Bank IRA Rates

0.60%$1k-60 Month IRA Certificate
0.45%$1k-48 Month IRA Certificate
0.40%$1k-36 Month IRA Certificate
0.35%$1k-18 Month IRA Certificate
0.35%$1k-24 Month IRA Certificate
0.30%$1k-12 Month IRA Certificate
0.20%$1k-6 Month Month IRA Certificate
0.10%$1k-3 Month Month IRA Certificate

Cities: Cambridge, Denton, Easton, Federalsburg, Lewes, Preston, Ridgely, Salisbury, Secretary

Cambridge Branches
Cambridge Branch301 Crusader RoadCambridge, MD 21613

Denton Branches
Denton Branch209 Franklin StreetDenton, MD 21629

Easton Branches
Easton Branch8133 Elliott RoadEaston, MD 21601
Harrison Street - Easton Branch142 N. Harrison StreetEaston, MD 21601

Federalsburg Branches
Federalsburg Branch325 Bloomingdale AveFederalsburg, MD 21632

Lewes Branches
Lewes Branch Office18467 Coastal HighwayLewes, DE 19958

Preston Branches
Provident State Bank, Inc.312 Main StreetPreston, MD 21655

Ridgely Branches
Ridgely Branch1 West Belle StreetRidgely, MD 21660

Salisbury Branches
Salisbury Branch Office913 Mount Hermon RoadSalisbury, MD 21801

Secretary Branches
Secretary Branch141 Main StreetSecretary, MD 21664

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