STAR Financial Bank is headquartered in Fort Wayne and is the 12th largest bank in the state of Indiana. It is also the 428th largest bank in the nation. It was established in 1988 and as of September of 2016, it had grown to 469 employees at 42 locations. STAR Financial Bank has an A health rating.
We Have had a checking account with Star Financial Bank for 11yrs. My wife and i are disabled and have our checks direct deposited. For that Star Bank has been great. No problems and always help with correcting account errors. I admit when we started out that our credit was'nt good, but over the 11 yrs we worked hard to straighten it out and have got our credit score to the middle 700's. We have have ask Star bank for 3 different loans on three different occations and each time the answer came back "no". We were however able to go to other banks and high end credit cards to get our financial needs. That is the only complaint we have against Star Bank.
I obtained a business loan through Star Financial. The business was unsucessful and had to close. Star Financial sued me and garnished my wages for $1,000/ month not leaving enough money to provide for my family so we had to depend upon relatives. New slogan suggestion: Star Financial: your kids went hungry but at least we got our money.
I have had a boat loan thru Star since 2010. The dealership is the one that set up the loan. Ever since then it has been a nightmare. The first year I was making my payments from my payment book. The next year I started recieving late payment statements for no reason. When I called them they told me my insurance wasn't correct on the boat and that is why they had to charge me more. I checked with my insurance and the boat was covered correctly. The bank was wrong. After about 2 months they sent me another payment book with my payment raised and I am not sure why. I just talked to them yesterday and they still say I don't have the correct insurance. By the way I have never recieved any kind of statement from the bank telling me what I owe on the boat. Their answer to that was that they don't send out statements. You have to personally walk into the bank or call for the amount. I will never do business with Star again.
|FDIC Certificate #||27235|
|Return on Assets - YTD||0.85%|
|Return on Equity - YTD||8.23%|
|Annual Interest Income||$45.0MM|
|Assets and Liabilities|
|Assets||Q3 2016vs Q3 2015||$1.85B$1.72B|
|Loans||Q3 2016vs Q3 2015||$1.29B$1.22B|
|Deposits||Q3 2016vs Q3 2015||$1.54B$1.45B|
|Equity Capital||Q3 2016vs Q3 2015||$191.8MM$183.8MM|
|Loan Loss Allowance||Q3 2016vs Q3 2015||$19.4MM$20.1MM|
|Unbacked Noncurrent Loans||Q3 2016vs Q3 2015||$15.6MM$6.6MM|
|Real Estate Owned||Q3 2016vs Q3 2015||$707.00K$1.6MM|
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|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|1.05%||$1k||-||5 Year Star Relationship CD|
|0.80%||$1k||-||4 Year Star Relationship CD|
|0.55%||$1k||-||3 Year Star Relationship CD|
|0.35%||$1k||-||30 Month Star Relationship CD|
|0.30%||$1k||-||2 Year Star Relationship CD|
|0.25%||$1k||-||18 Month Star Relationship CD|
|0.23%||$1k||-||15 Month Star Relationship CD|
|0.20%||$1k||-||1 Year Star Relationship CD|
|0.16%||$1k||-||9 Month Star Relationship CD|
|0.13%||$1k||-||6 Month Star Relationship CD|
|0.10%||$1k||-||3 Month Star Relationship CD|
|0.07%||$1k||-||1 Month Star Relationship CD|
|0.05%||$5k||-||14 Day Star Power CD|