Reliance Bank


Overview / Commentary
814-949-6263
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 1,354th largest bank in the nation. It was established in 1939 and as of December of 2020, it had grown to 103 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.

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
Employees103
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.88%
Return on Equity - YTD8.3%
Annual Interest Income$20.4MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$630.9MM$556.1MM
LoansQ4 2020vs Q4 2019$397.1MM$385.3MM
DepositsQ4 2020vs Q4 2019$479.6MM$399.7MM
Equity CapitalQ4 2020vs Q4 2019$65.7MM$59.4MM
Loan Loss AllowanceQ4 2020vs Q4 2019$5.9MM$4.3MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$1.4MM$1.1MM
Real Estate OwnedQ4 2020vs Q4 2019$0$0
Rates

Rates for Reliance Bank are currently being reviewed.

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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