Reliance Bank

Overview / Commentary
1119 Twelfth Street
Altoona, PA 16601

Reliance Bank is headquartered in Altoona and is the 64th largest bank in the state of Pennsylvania. It is also the 1,415th largest bank in the nation. It was established in 1939 and as of March of 2022, it had grown to 92 employees at 9 locations. Reliance Bank has 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.


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 - YTD0.46%
Return on Equity - YTD4.54%
Annual Interest Income$4.4MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$643.9MM$653.1MM
LoansQ1 2022vs Q1 2021$365.7MM$387.6MM
DepositsQ1 2022vs Q1 2021$514.1MM$502.4MM
Equity CapitalQ1 2022vs Q1 2021$63.3MM$65.9MM
Loan Loss AllowanceQ1 2022vs Q1 2021$5.4MM$5.9MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$2.1MM$842.00K
Real Estate OwnedQ1 2022vs Q1 2021$306.00K$232.00K
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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

0.25%$50-Holiday 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

0.45%*$250k*-Money Market Deposit Account
OTHER TIERS: 0.05% $50 - $5k | 0.10% $5k - $15k | 0.25% $15k - $50k | 0.35% $50k - $100k | 0.40% $100k - $250k

Reliance Bank Checking Account Rates

0.30%*$100k*-Estate Checking Account
OTHER TIERS: 0.20% Up to $35k | 0.25% $35k - $100k
0.25%*-$25kReward Checking
OTHER TIERS: 0.10% $25k+

Reliance Bank CD Rates

0.85%$500-48 Month CD
0.55%$500-15 Month CD
0.20%$500-18 Month CD
0.20%$5k-13 Month CD - New Money
0.15%$500-91 Day CD
0.15%$500-6 Month CD

Reliance Bank IRA Rates

0.40%$500-30 Month Fixed Rate IRA
0.20%$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 Office Branch3918 Cove Mountain RoadMartinsburg, PA 16662

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