Reliance Bank


Overview / Commentary
814-949-6263
1119 Twelfth Street
Altoona, PA 16601

Reliance Bank is headquartered in Altoona and is the 63rd largest bank in the state of Pennsylvania. It is also the 1,352nd largest bank in the nation. It was established in 1939 and as of September of 2020, it had grown to 95 employees at 9 locations. Reliance Bank's money market rates are 48% higher than the national average, and it boasts an A+ health rating.

Reviews (4)

Reliance Bank is Excellent

At Reliance, you always feel welcome to just walk in and ask a real person a question. I feel like I know the people that work there and we often just end up chatting about 'stuff' besides my banking needs (the kids, work, this year's must-have xmas gift). While they may not have the "best" rates out there, they make up for it with the personal feel and that means a lot for me.

New Management

Posted by: |

The State College branch of this bank has new management and it is no longer the friendly place that it used to be.  It used to be a very friendly place, but that has changed.

3Parakeets

Posted by: |

After being with them for ~15 years, they are now messing up. Just found out my homeowner's insurance was canceled since they "forgot" to pay it. This is UNACCEPTABLE. I will now be managing my escrow myself. What a crock.

Limited Market Area

Posted by: |

only certain counties in PA-check site



Health
A+

Health Grade Components

Overall
FDIC Certificate #30117
Year Established1939
Employees95
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.95%
Return on Equity - YTD8.92%
Annual Interest Income$15.4MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$619.6MM$558.8MM
LoansQ3 2020vs Q3 2019$397.7MM$384.9MM
DepositsQ3 2020vs Q3 2019$463.0MM$405.2MM
Equity CapitalQ3 2020vs Q3 2019$64.9MM$58.8MM
Loan Loss AllowanceQ3 2020vs Q3 2019$5.6MM$4.1MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$1.5MM$1.0MM
Real Estate OwnedQ3 2020vs Q3 2019$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Reliance 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.

Reliance Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$50-Christmas Club
0.25%$50-Vacation Club
0.25%$5-Young Savers
0.25%*$50k*-Business Relationship
OTHER TIERS: 0.05% Up to $5k | 0.10% $5k - $25k | 0.15% $25k - $50k
0.15%*$2.5k*-Statement Savings
OTHER TIERS: 0.05% $100 - $2.5k

Reliance Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*$100k*-Money Market Deposit Account
OTHER TIERS: 0.05% $50 - $5k | 0.10% $5k - $15k | 0.25% $15k - $50k | 0.40% $50k - $100k
0.55%*$500k*-Business Mutual Advantage Account
OTHER TIERS: 0.05% $50 - $5k | 0.10% $5k - $15k | 0.15% $15k - $25k | 0.45% $25k - $500k

Reliance Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-Estate Checking Account
OTHER TIERS: 0.20% Up to $35k | 0.25% $35k - $100k
0.30%*$500k*-Non-Profit Checking
OTHER TIERS: 0.01% Up to $1k | 0.05% $1k - $15k | 0.15% $15k - $500k
0.25%*-$25kReward Checking
OTHER TIERS: 0.10% $25k+
0.25%*$500k*-Sole Proprietor Checking
OTHER TIERS: 0.01% Up to $5k | 0.05% $5k - $15k | 0.10% $15k - $25k | 0.15% $25k - $500k

Reliance Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$5k-36 Month RatePlus CD
0.65%$500-30 Month CD
0.65%$500-36 Month CD
0.65%$500-48 Month CD
0.65%$500-60 Month CD
0.50%$500-18 Month CD
0.50%$500-24 Month CD
0.50%$5k-25 Month RatePlus CD
0.50%$5k-21 Month CD (New Money Only)
0.40%$5k-13 Month CD (New Money Only)
0.30%$500-12 Month CD
0.30%$500-15 Month CD
0.20%$2.5k-12 Month Variable CD
0.20%$2.5k-18 Month Variable CD
0.15%$500-91 Day CD
0.15%$500-6 Month CD
0.15%$500-9 Month CD
0.10%$2.5k-6 Month Variable CD

Reliance Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$500-30 Month Fixed Rate IRA
0.65%$500-48 Month Fixed Rate IRA
0.65%$500-60 Month Fixed Rate IRA
0.50%$500-18 Month Fixed Rate IRA
0.30%$500-12 Month Fixed Rate IRA
Locations


Reliance Bank Locations
North Atherton Branch100 Hawbaker Industrial DriveState College, PA 16803
Reliance Savings Bank1119 Twelfth StreetAltoona, PA 16601
Meadows Branch1254 Plank RdDuncansville, PA 16635
17th Street Branch1921 Pleasant Valley BoulevardAltoona, PA 16602
Plank Road Branch226 W Plank RoadAltoona, PA 16602
Lakemont Branch401 S. Logan BlvdAltoona, PA 16602
Tyrone Branch916 Pennsylvania AveTyrone, PA 16686
Martinsburg Office Branch3918 Cove Mountain RoadMartinsburg, PA 16662

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