Reliance Bank

Overview / Commentary

814-949-6263

1119 Twelfth Street
Altoona, PA 16601

Reliance Bank is headquartered in Altoona and is the 63^rd largest bank in the state of Pennsylvania. It is also the 1,340^th largest bank in the nation. It was established in 1939 and as of March of 2019, it had grown to 99 employees at 9 locations. Reliance Bank's money market rates are 3X the national average, and it has an A health rating.

View all posts from:

2018
2009

2/9 - 18-Month CD, 2.25% APY

9/12 - 3.00% Reward Checking Account at Reliance Bank in Pennsylvania

Reviews (4)

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Reliance Bank is Excellent

Posted by: brannonsheppard | Dec 23, 2017

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.

Comment

New Management

Posted by: nittany | Mar 28, 2012

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.

Comment

3Parakeets

Posted by: 3parakeets | May 1, 2017

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.

Comment

Limited Market Area

Posted by: CBR | Jan 28, 2017

only certain counties in PA-check site

Comment

Health

Data as of Q1 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	30117
Year Established	1939
Employees	99
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.47%
Return on Equity - YTD	4.52%
Annual Interest Income	$5.4MM

Assets and Liabilities
Assets	Q1 2019vs Q1 2018	$541.7MM$480.4MM
Loans	Q1 2019vs Q1 2018	$380.4MM$344.7MM
Deposits	Q1 2019vs Q1 2018	$388.1MM$353.1MM
Equity Capital	Q1 2019vs Q1 2018	$56.0MM$51.5MM
Loan Loss Allowance	Q1 2019vs Q1 2018	$5.4MM$4.3MM
Unbacked Noncurrent Loans	Q1 2019vs Q1 2018	$2.7MM$2.9MM
Real Estate Owned	Q1 2019vs Q1 2018	$125.00K$125.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
1.95%^*	$500k^*	-	Business Mutual Advantage Account
OTHER TIERS: 0.11% → $50 - $5k \| 0.17% → $5k - $15k \| 0.55% → $15k - $25k \| 1.66% → $25k - $500k
0.75%^*	$50k^*	-	Business Relationship
OTHER TIERS: 0.05% → Up to $5k \| 0.10% → $5k - $10k \| 0.20% → $10k - $25k \| 0.50% → $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

APY	MIN	MAX	ACCOUNT NAME
1.39%^*	$500k^*	-	Mutual Advantage MMDA
OTHER TIERS: 0.11% → $50 - $5k \| 0.17% → $5k - $15k \| 0.55% → $15k - $25k \| 1.11% → $25k - $500k
1.25%^*	$100k^*	-	Money Market Deposit Account
OTHER TIERS: 0.05% → $50 - $5k \| 0.10% → $5k - $15k \| 0.25% → $15k - $50k \| 0.50% → $50k - $100k
1.25%^*	$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

APY	MIN	MAX	ACCOUNT NAME
1.25%^*	$500k^*	-	Sole Proprietor Checking
OTHER TIERS: 0.03% → Up to $5k \| 0.05% → $5k - $15k \| 0.50% → $15k - $500k
1.25%^*	$500k^*	-	Non-Profit Checking
OTHER TIERS: 0.03% → Up to $1k \| 0.05% → $1k - $5k \| 0.10% → $5k - $15k \| 0.50% → $15k - $500k
0.80%^*	-	$25k	Reward Checking
OTHER TIERS: 0.30% → $25k+
0.30%^*	$100k^*	-	Estate Checking Account
OTHER TIERS: 0.20% → Up to $35k \| 0.25% → $35k - $100k

Reliance Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.60%	$500	-	18 Month CD
2.40%	$500	-	15 Month CD
2.15%	$500	-	36 Month CD
2.00%	$500	-	60 Month CD
2.00%	$500	-	60 Month Online CD Special
1.80%	$2.5k	-	36 Month Rising Rate CD
1.80%	$2.5k	-	36 Month Rising Rate Online CD Special
1.75%	$500	-	30 Month CD
1.75%	$500	-	48 Month CD
1.30%	$5k	-	36 Month RatePlus CD
1.30%	$5k	-	36 Month RatePlus Online CD Special
1.00%	$500	-	12 Month CD
1.00%	$5k	-	25 Month RatePlus Online CD Special (New Money Only)
1.00%	$500	-	12 Month Online CD Special
1.00%	$500	-	15 Month Online CD Special
1.00%	$5k	-	13 Month CD (New Money Only)
1.00%	$5k	-	13 Month Online CD Special (New Money Only)
0.75%	$5k	-	25 Month RatePlus CD
0.75%	$5k	-	21 Month CD (New Money Only)
0.75%	$5k	-	21 Month Online CD Special (New Money Only)
0.60%	$500	-	24 Month CD
0.60%	$500	-	24 Month Online CD Special
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%	$500	-	9 Month CD
0.20%	$2.5k	-	6 Month Variable Online CD Special
0.15%	$500	-	91 Day CD

Reliance Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.60%	$500	-	18 Month Fixed Rate IRA
2.00%	$500	-	60 Month Fixed Rate IRA
1.75%	$500	-	30 Month Fixed Rate IRA
1.75%	$500	-	48 Month Fixed Rate IRA
1.00%	$500	-	12 Month Fixed Rate IRA

Locations

Reliance Bank Locations
North Atherton Branch	100 Hawbaker Industrial Drive	State College, PA 16803
Reliance Savings Bank	1119 Twelfth Street	Altoona, PA 16601
Meadows Branch	1254 Plank Rd	Duncansville, PA 16635
17th Street Branch	1921 Pleasant Valley Boulevard	Altoona, PA 16602
Plank Road Branch	226 W Plank Road	Altoona, PA 16602
Lakemont Branch	401 S. Logan Blvd	Altoona, PA 16602
Tyrone Branch	916 Pennsylvania Ave	Tyrone, PA 16686
Martinsburg Office	209 South Walnut Street	Martinsburg, PA 16662

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