Advertising Disclosure
  1. Banks
  2. Somerset Trust Company

Somerset Trust Company


Overview / Commentary
www.somersettrust.com
814-443-9200
151 West Main Street
Somerset, PA 15501

Somerset Trust Company is headquartered in SOMERSET and is the 27th largest bank in the state of Pennsylvania. It is also the 553rd largest bank in the nation. It was established in 1889 and as of June of 2023, it had grown to 434 employees at 44 locations. Somerset Trust Company has a B+ health rating.

Reviews (2)

I love my bank.

Posted by: |

I have been banking with Somerset Trust for a couple of months now. They have been so kind to me and my family every time we walk in there. It is also convenient because it is in our neighborhood. There is also a branch in our local WalMart which makes it even more convenient. The staff at the bank are so nice and knowledgable. The online banking has been simple and effective also. It is not a fancy site but gets the job done, which I appreciate. It is a great institution.

1

Degradation At It's Finest..

Posted by: |

Was able to open a business account. Then was not able to ever log in again and was told I did not have one. Also have been denied for anything I've ever applied for.

1


Health
B+

Data as of Q2 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #11112
Year Established1889
Employees434
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.42%
Return on Equity - YTD25.24%
Annual Interest Income$50.3MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$2.07B$1.93B
LoansQ2 2023vs Q2 2022$1.30B$1.17B
DepositsQ2 2023vs Q2 2022$1.76B$1.66B
Equity CapitalQ2 2023vs Q2 2022$119.9MM$103.0MM
Loan Loss AllowanceQ2 2023vs Q2 2022$16.3MM$19.8MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$6.4MM$9.3MM
Real Estate OwnedQ2 2023vs Q2 2022$90.00K$0
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Somerset Trust Company; 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.

Somerset Trust Company Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%--Christmas Club
0.31%*$1m*-Advantage Interest Savings Account
OTHER TIERS: 0.11% → $250 - $25k | 0.16% → $25k - $50k | 0.21% → $50k - $150k | 0.26% → $150k - $1m
0.11%--Statement Savings
0.10%*$100k*-Savings IRA
OTHER TIERS: 0.05% → Up to $100k
0.03%--Overdraft Protection Savings

Somerset Trust Company Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.21%*$200k*-Personal Plus Interest Checking Account
OTHER TIERS: 0.11% → $1.5k - $100k | 0.16% → $100k - $200k
0.11%$1k-Horizon 50 Checking Account
0.11%--Municipal Checking
0.06%--Interest Checking Account

Somerset Trust Company CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.19%$5k-7 Month CD Special w/Relationship
5.19%$5k-15 Month CD Special w/Relationship
5.19%$5k-22 Month CD Special w/Relationship
0.60%$500-60 Month CD
0.55%$500-48 Month CD
0.45%$500-36 Month CD
0.35%$500-24 Month CD
0.30%$500-18 Month CD
0.20%$500-12 Month CD
0.15%$1k-9 Month CD
0.10%$1k-3 Month CD
0.10%$1k-6 Month CD

Somerset Trust Company IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.29%$500-15 Month IRA
0.55%--60 Month IRA
0.45%--42 Month IRA
0.40%--30 Month IRA
0.10%--18 Month Fixed Rate IRA
0.10%--18 Month Variable IRA
Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.