TAB Bank


Overview / Commentary
800-355-3063
4185 Harrison Boulevard, Suite 200
Ogden, UT 84403

TAB Bank is headquartered in Ogden and is the 24th largest bank in the state of Utah. It is also the 856th largest bank in the nation. It was established in 1998 and as of June of 2022, it had grown to 333 employees at 1 location. TAB Bank has an A+ health rating.

Related Posts

TAB Bank Ups High Yield Savings Account Rate To 2.66% APY - 9/22/2022

Not a leadership rate, but probably keeps them relevant. https://www.tabbank.com/high-yield-savings/

TAB Bank Raises High Yield Savings Rate To 2.16% APY - 8/31/2022

Was 1.92% APY. Seems like a very conservative move in the current environment. https://www.tabbank.com/high-yield-savings/

TAB Bank Raises High Yield Savings Account Rate To 1.92% APY - 7/31/2022

TAB Bank increased 24bps on their High Yield Savings Account to 1.92% APY yesterday in a lag-the-leaders move. In the current environment, this was not particularly aggressive as it leaves TAB Bank behind multiple rate leaders (For example, 36bps behind Merchants Bank of Indiana's Money Market Savings rate of 2.28% APY.)

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Wonderful Customer Service

Posted by: |

Like few other banks I deal with, TAB answers the phone promptly, knows how to deal with the request without transfers and holds, and follows through in a very timely manner. In addition, the customer service reps and friendly and personable. Pretty unusual, isn't it? Great bank.

Update, Appears They Have Corrected The Error.

Posted by: |

Not paying the 4% promised. And there are so many restrictions on the 15 transactions in a month, it is a pain even if they did hold up their end of the deal.

Closing Account After A Few Years

Posted by: |

It's 11pm, I need to know how much I have in the account. The old app doesn't work. The new app doesn't work. I can't log in through the browser on either the old or the new site. I tried to reset my password and it says my account is locked. I called support and it hung up on me. I can no longer link the account through Mint. They basically just trashed their online experience. I'm screwed at the moment and there's nothing I can do about it.

Lackluster Customer Service

Posted by: |

Good rate, but expect loooong hold times to speak with anyone, and if the rep can't figure it out you have to wait a few days for someone to get back to you via email. Said email may or may not address your issue, and you're back to trying to reach a live person again. I put up with it only because of the competitive Kasasa rate. Also be aware that debits must be a minimum of $5. And as someone else pointed out, there is no place check to see the status of how you're doing in meeting requirements. Most Kasasa accounts have that and it's good to be able to confirm that you and the bank are on the same page, no month end surprise. They really should add that.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #34781
Year Established1998
Employees333
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.12%
Return on Equity - YTD19.81%
Annual Interest Income$50.4MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.19B$1.33B
LoansQ2 2022vs Q2 2021$947.2MM$1.11B
DepositsQ2 2022vs Q2 2021$972.2MM$843.2MM
Equity CapitalQ2 2022vs Q2 2021$131.4MM$116.5MM
Loan Loss AllowanceQ2 2022vs Q2 2021$15.2MM$12.0MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$3.9MM$4.0MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates

Rates for TAB Bank are currently being reviewed.

Locations


TAB Bank Locations
Transportation Alliance Bank, Inc.4185 Harrison BlvdOgden, UT 84403

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