Monticello Banking Company (MBC)


Overview / Commentary
606-348-8411
50 N Main St
Monticello, KY 42633

Monticello Banking Company (MBC) is headquartered in Monticello and is the 16th largest bank in the state of Kentucky. It is also the 956th largest bank in the nation. It was established in 1895 and as of March of 2022, it had grown to 201 employees at 19 locations. Monticello Banking Company (MBC) has a B+ health rating.

Reviews (3)

Five Star Friendly

Posted by: |

Monticello Banking Company is one of the best banks that I have ever been to. Everyone is so friendly and eager to help. Not only did I switch my accounts there, but my wife did also. The company that I work for banks there as well. If your're not banking with Monticello Banking Company then you should be.

Best local bank around.

I switched to the local bank downtown from where I work about 6-8 months ago. I got tired of all the ridiculous fees I was constantly getting from BB&T. So far I have absolutely nothing negative to say about Monticello Banking Company. They are always very friendly and helpful, it's like going to see an old friend when I go to the bank now. They are always very quick and efficient too, no long waits. I haven't had a single charge I wasn't expecting as well and their fees are very reasonable. I would recommend this bank to all my friends and family.

Been A HORRIBLE Experience

The line to call and check your balance and history does not hardly ever work. Now I am stuck out of state because I depended on using my debit card. My payroll of over 1500.00 is direct deposit every week. Now ALL OF THE DEBIT CARDS ARE NOT WORKING. I have learned a lesson. DO NOT USE THIS BANK. THEY CAN NOT GET THIER ACT TOGETHER. THEY WILL LEAVE YOU IN A BAD SPOT. THANKS TO THEM I WILL BE IN A SHELTER TIL THEY GET OUR CARDS WORKING



Health
B+

Health Grade Components

Overall
FDIC Certificate #292
Year Established1895
Employees201
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.07%
Return on Equity - YTD12.93%
Annual Interest Income$8.6MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$1.03B$977.6MM
LoansQ1 2022vs Q1 2021$658.2MM$620.3MM
DepositsQ1 2022vs Q1 2021$924.1MM$860.4MM
Equity CapitalQ1 2022vs Q1 2021$73.3MM$87.2MM
Loan Loss AllowanceQ1 2022vs Q1 2021$8.3MM$7.3MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$3.6MM$4.1MM
Real Estate OwnedQ1 2022vs Q1 2021$0$58.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Monticello Banking Company (MBC) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%-$15kREWARDSavings

Monticello Banking Company (MBC) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.06%*-$15kREWARDChecking
OTHER TIERS: 0.10% $15k+
Locations

Availability



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