Reliance Bank

Overview / Commentary
1119 Twelfth Street
Altoona, PA 16601

Reliance Bank is headquartered in Altoona and is the 61st largest bank in the state of Pennsylvania. It is also the 1,329th largest bank in the nation. It was established in 1939 and as of December of 2019, it had grown to 99 employees at 9 locations. Reliance Bank's money market rates are 82% higher than the national average, and it boasts an A+ health rating.

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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.


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 Grade Components

FDIC Certificate #30117
Year Established1939
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.66%
Return on Equity - YTD6.25%
Annual Interest Income$21.9MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$556.1MM$531.5MM
LoansQ4 2019vs Q4 2018$385.3MM$375.6MM
DepositsQ4 2019vs Q4 2018$399.7MM$382.1MM
Equity CapitalQ4 2019vs Q4 2018$59.4MM$54.6MM
Loan Loss AllowanceQ4 2019vs Q4 2018$4.3MM$5.1MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$1.1MM$2.8MM
Real Estate OwnedQ4 2019vs Q4 2018$0$125.00K
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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

0.65%*$50k*-Business Relationship
OTHER TIERS: 0.05% Up to $5k | 0.10% $5k - $10k | 0.20% $10k - $25k | 0.40% $25k - $50k
0.50%*$2.5k*-Statement Savings Online Special
OTHER TIERS: 0.05% $100 - $2.5k
0.25%$50-Christmas Club
0.25%$50-Vacation Club
0.25%$5-Young Savers
0.15%*$2.5k*-Statement Savings
OTHER TIERS: 0.05% $100 - $2.5k

Reliance Bank Money Market Rates

0.81%*$500k*-Mutual Advantage MMDA
OTHER TIERS: 0.07% $50 - $5k | 0.10% $5k - $15k | 0.33% $15k - $25k | 0.65% $25k - $500k
0.81%*$500k*-Business Mutual Advantage Account
OTHER TIERS: 0.07% $50 - $5k | 0.10% $5k - $15k | 0.33% $15k - $25k | 0.65% $25k - $500k
0.80%*$100k*-Money Market Deposit Account
OTHER TIERS: 0.05% $50 - $5k | 0.10% $5k - $15k | 0.25% $15k - $50k | 0.50% $50k - $100k
0.80%*$100k*-Money Market Deposit Account - Online Special
OTHER TIERS: 0.05% $50 - $5k | 0.10% $5k - $15k | 0.25% $15k - $50k | 0.50% $50k - $100k

Reliance Bank Checking Account Rates

0.80%*-$25kReward Checking
OTHER TIERS: 0.30% $25k+
0.75%*$500k*-Sole Proprietor Checking
OTHER TIERS: 0.03% Up to $5k | 0.05% $5k - $15k | 0.25% $15k - $25k | 0.30% $25k - $500k
0.75%*$500k*-Non-Profit Checking
OTHER TIERS: 0.03% Up to $1k | 0.05% $1k - $5k | 0.10% $5k - $15k | 0.25% $15k - $500k
0.30%*$100k*-Estate Checking Account
OTHER TIERS: 0.20% Up to $35k | 0.25% $35k - $100k

Reliance Bank CD Rates

1.00%$5k-36 Month RatePlus CD
1.00%$500-30 Month CD
1.00%$500-36 Month CD
1.00%$500-48 Month CD
1.00%$500-60 Month CD
1.00%$500-60 Month Online CD Special
1.00%$5k-36 Month RatePlus Online CD Special
0.75%$500-12 Month CD
0.75%$500-18 Month CD
0.75%$500-24 Month CD
0.75%$5k-25 Month RatePlus CD
0.75%$500-15 Month CD
0.75%$500-24 Month Online CD Special
0.75%$5k-25 Month RatePlus Online CD Special (New Money Only)
0.75%$500-12 Month Online CD Special
0.75%$500-15 Month Online CD Special
0.75%$5k-21 Month CD (New Money Only)
0.75%$5k-21 Month Online CD Special (New Money Only)
0.75%$5k-13 Month CD (New Money Only)
0.75%$5k-13 Month Online CD Special (New Money Only)
0.50%$500-9 Month CD
0.45%$500-6 Month CD
0.45%$500-6 Month Online CD Special
0.40%$2.5k-18 Month Variable CD
0.40%$2.5k-18 Month Variable Online CD Special
0.30%$2.5k-12 Month Variable CD
0.30%$2.5k-12 Month Variable Online CD Special
0.20%$2.5k-6 Month Variable CD
0.20%$2.5k-6 Month Variable Online CD Special
0.15%$500-91 Day CD

Reliance Bank IRA Rates

1.00%$500-30 Month Fixed Rate IRA
1.00%$500-48 Month Fixed Rate IRA
1.00%$500-60 Month Fixed Rate IRA
0.75%$500-12 Month Fixed Rate IRA
0.75%$500-18 Month Fixed Rate IRA

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 Office209 South Walnut StreetMartinsburg, PA 16662

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