The Bank of Magnolia Company


Overview / Commentary
330-866-9392
122 North Main Street
Magnolia, OH 44643

The Bank of Magnolia Company is headquartered in MAGNOLIA and is the 129th largest bank in the state of Ohio. It is also the 3,754th largest bank in the nation. It was established in 1899 and as of March of 2025, it had grown to 19 employees at 3 locations. The Bank of Magnolia Company's CD rates are 4X the national average, and it boasts an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #2300
Year Established1899
Employees19
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.65%
Return on Equity - YTD13.82%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$106.1MM$102.4MM
LoansQ1 2025vs Q1 2024$61.8MM$56MM
DepositsQ1 2025vs Q1 2024$92.5MM$90.1MM
Equity CapitalQ1 2025vs Q1 2024$12.6MM$11.1MM
Loan Loss AllowanceQ1 2025vs Q1 2024$731K$731K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$38K$28K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not The Bank of Magnolia 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.

The Bank of Magnolia Company Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%$25-Passbook Account

The Bank of Magnolia Company Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%*$25k*-Money Market Deposit Account
OTHER TIERS: 0.02% $2.5k - $25k

The Bank of Magnolia Company Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%$1k-NOW Account

The Bank of Magnolia Company CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$1k-6 Month CD
4.00%$1k-12 Month CD
0.50%$1k-36 Month CD
0.50%$1k-48 Month CD
0.30%$1k-24 Month CD
0.30%$1k-30 Month CD
0.25%$1k-18 Month CD
0.15%$1k-90-182 Day CD
0.10%$1k-30-89 Day CD

The Bank of Magnolia Company IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$1k-12 Month IRA
4.00%$1k-6 Month IRA
0.50%$1k-36 Month IRA
0.50%$1k-48 Month IRA
0.30%$1k-24 Month IRA
0.30%$1k-30 Month IRA
0.25%$1k-18 Month IRA
0.03%$1k-IRA Variable Account
Locations


The Bank of Magnolia Company Locations
East Sparta Branch10045 Cleveland Avenue, S.E.Magnolia, OH 44643
The Bank Of Magnolia Company122 N Main StMagnolia, OH 44643
Canton South Branch3221 Cleveland Ave SwCanton, OH 44707

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