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  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 25th largest bank in the state of Pennsylvania. It is also the 519th largest bank in the nation. It was established in 1889 and as of March of 2024, it had grown to 456 employees at 47 locations. Somerset Trust Company has a B+ health rating.

Reviews (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 Q1 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #11112
Year Established1889
Employees456
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.94%
Return on Equity - YTD14.81%
Annual Interest Income$29.2MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$2.26B$2.04B
LoansQ1 2024vs Q1 2023$1.48B$1.27B
DepositsQ1 2024vs Q1 2023$1.84B$1.73B
Equity CapitalQ1 2024vs Q1 2023$140.6MM$120.9MM
Loan Loss AllowanceQ1 2024vs Q1 2023$18.6MM$16.1MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$14.9MM$6.4MM
Real Estate OwnedQ1 2024vs Q1 2023$51K$176K
Rates
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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%$0-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%$0-Statement Savings
0.10%*$100k*-Savings IRA
OTHER TIERS: 0.05% → $0 - $100k
0.03%$0-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%$0-Municipal Checking
0.06%$0-Interest Checking Account

Somerset Trust Company CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.19%$5k-7 Month CD Special w/Relationship
3.69%$5k-15 Month CD Special w/Relationship
3.19%$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
4.31%$500-15 Month IRA
0.55%$0-60 Month IRA
0.45%$0-42 Month IRA
0.40%$0-30 Month IRA
0.10%$0-18 Month Fixed Rate IRA
0.10%$0-18 Month Variable IRA
Locations

Availability

Johnstown Area

Interactive local rates map


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