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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 20th largest bank in the state of Michigan. It is also the 1,195th largest bank in the nation. It was established in 1903 and as of September of 2016, it had grown to 138 employees at 11 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
Employees138
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.77%
Return on Equity - YTD8%
Annual Interest Income$17.6MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$592.6MM$513.5MM
LoansQ3 2016vs Q3 2015$502.0MM$425.7MM
DepositsQ3 2016vs Q3 2015$444.5MM$386.3MM
Equity CapitalQ3 2016vs Q3 2015$54.9MM$51.9MM
Loan Loss AllowanceQ3 2016vs Q3 2015$5.5MM$5.1MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$2.5MM$1.7MM
Real Estate OwnedQ3 2016vs Q3 2015$1.6MM$1.7MM
Rates

Sorry, we do not have rate data for United Bank (MI).

Locations

United Bank (MI) has 11 locations. Click to view all United Bank (MI) locations.