TAB Bank is headquartered in Ogden and is the 23rd largest bank in the state of Utah. It is also the 957th largest bank in the nation. It was established in 1998 and as of December of 2020, it had grown to 268 employees at 1 location. TAB Bank has an A health rating.
Had about five glitches to open and fund the account in the past month, no problem. Everything is fine now. I went from 2.25% checking rewards rate on $20,000 and savings rate of 1.00%, to TAB's 4.00% on $50,000, and savings rate of 2.40%. Thanks Ken Tumin for this webpage which has provided me with the best rates for savers for the past 20 years or so.
The rate decreases over the past year are a bummer. I hope the poor reviews I read here aren’t the norm as I’ve had an otherwise good experience in the year or so that I’ve had this account and have not had reason for distrust.
I will also say my experience with customer service has been good. It seemed personal and helpful the couple of times I’ve needed to call. I also do my best to treat people with kindness and respect, in case that relates to my experience.
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.
Yet another Utah bank with super weird gotchas. Can't ACH more than 3000 is one example of how bad this place is. Their website is 1980s style. They haven't bothered updating it. They email you your account number! They have no sense of cyber security.
|FDIC Certificate #||34781|
|Return on Assets - YTD||0.81%|
|Return on Equity - YTD||7.05%|
|Annual Interest Income||$75.7MM|
|Assets and Liabilities|
|Assets||Q4 2020vs Q4 2019||$959.7MM$827.0MM|
|Loans||Q4 2020vs Q4 2019||$743.5MM$616.8MM|
|Deposits||Q4 2020vs Q4 2019||$680.8MM$691.9MM|
|Equity Capital||Q4 2020vs Q4 2019||$104.7MM$102.8MM|
|Loan Loss Allowance||Q4 2020vs Q4 2019||$13.3MM$13.6MM|
|Unbacked Noncurrent Loans||Q4 2020vs Q4 2019||$6.5MM$10.3MM|
|Real Estate Owned||Q4 2020vs Q4 2019||$0$0|
Rates for TAB Bank are currently being reviewed.
|TAB Bank Locations|
|Transportation Alliance Bank, Inc.||4185 Harrison Boulevard, Suite 200||Ogden, UT 84403|