United Bank (MI)


Overview / Commentary
616-559-4589
900 E. Paris Ave. SE
Grand Rapids, MI 49546

United Bank (MI) is headquartered in Grand Rapids and is the 16th largest bank in the state of Michigan. It is also the 1,112th largest bank in the nation. It was established in 1903 and as of December of 2019, it had grown to 153 employees at 14 locations. United Bank (MI) has an A+ health rating.

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Reviews (3)

Final Results

I feel that the United Bank of Michigan met my expectations with respect to the Health Savings Account thus far. The interest rate they provide seems unbeatable to me, and the account was able to opened up without any problems. I used it already to pay a dental bill.

Update To The Review From The Day Before

I wrote a review yesterday based on information from one staff person. A different person who seems to have more authority on the HSA process told me today that opening up an HSA can be done via a combination of email and regular mail. So I'm in the process of hopefully having my application approved so that I can take advantage of the 3.25% rate. I hope the rate is accurate.

Opening An HSA Account

I was told 8.22.2013 that you can't get the HSA account unless you open up the account personally at a branch office, or if you do it online you have to have a zipcode for a location in the Grand Rapids area.



Health
A+

Health Grade Components

Overall
FDIC Certificate #11807
Year Established1903
Employees153
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.02%
Return on Equity - YTD10.38%
Annual Interest Income$30.7MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$695.2MM$661.2MM
LoansQ4 2019vs Q4 2018$570.6MM$564.5MM
DepositsQ4 2019vs Q4 2018$538.5MM$502.0MM
Equity CapitalQ4 2019vs Q4 2018$70.1MM$65.0MM
Loan Loss AllowanceQ4 2019vs Q4 2018$5.5MM$5.3MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$112.00K$1.3MM
Real Estate OwnedQ4 2019vs Q4 2018$332.00K$1.1MM
Rates

Rates for United Bank (MI) are currently being reviewed.

Locations

Availability



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