Reviewed by nosnah-nej-erif | January 29, 2022 |
Discriminatory and unfair practices including closing accounts for reasons they so choose of those who are non-caucasion, lower incomes and older in age but do not follow the same guidelines for white, wealthier and younger clients or business clients. I know this as I have a close friend who is white, in her 40's and appears wealthy. She has a personal account and a business account that she consistently overdraws and has had leviess placed on both accounts, but she still is able to overdraw both accounts significantly on a regular basis, and I on the other hand, black woman in my 50's, with a personal account, and credit card, was told I going to have my account closed if I lost my debit card again. I lost my debit card and it was used by someone who found it, so they warned me if I ask for another debit xard to be re-issued in the future due to me losing it, they will close my accounts. I have always maintained a positive balance and have been a customer for several years, but I believe because I am black and mid to lower income, they view me as a risk and do not care if they have my business.
The worst part is I stopped at the Fitchburg Branch and went next door to Starbucks after, where I happened to be sitting at a table next to two women who were wearing branded park bank attire, openly discussing an employee they managed and what things they could do in order to get the employee to quit as well as what methods they could take to find a reason to fire them. I was appalled at what I overheard as they mentioned they just didn't like the employee because they were too concerned over their employee's happiness and challenged their authority by questioning a policy instead of doing what they are paid to do which was to enforce it. They were making jokes about the person's car and the way they talked and dressed. It was disgusting. I closed my accounts the next day and went to a credit union.
The Park Bank is an FDIC insured institution located in Madison, WI. It was founded in 1966 and has approximately $1.49 billion in assets. Customers can open an account at one of its 13 branches.
FDIC Insured | Yes |
FDIC Certificate | # 19608 |
Date Established | 1966 |
Assets | $ 1,488.38 million |
Loans | $ 1,282.71 million |
Deposits | $ 1,162.68 million |
Capital | $ 134.91 million |
For a more detailed analysis of The Park Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Your Current Location: Ohio, OH 43085
Your Current Location: Ohio, OH 43085
Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
---|---|---|---|---|
10 Year Fixed Conforming See Amortization Table |
6.63% | 6.50% | $3,633.54 | |
15 Year Fixed Conforming See Amortization Table |
6.59% | 6.50% | $2,787.54 | |
20 Year Fixed Conforming See Amortization Table |
6.90% | 6.83% | $2,447.45 | |
30 Year Fixed Conforming See Amortization Table |
7.15% | 7.10% | $2,150.50 |
Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
---|---|---|---|---|
10 Year Fixed Conforming See Amortization Table |
6.63% | 6.50% | $3,633.54 | |
15 Year Fixed Conforming See Amortization Table |
6.59% | 6.50% | $2,787.54 | |
20 Year Fixed Conforming See Amortization Table |
6.90% | 6.83% | $2,447.45 | |
30 Year Fixed Conforming See Amortization Table |
7.15% | 7.10% | $2,150.50 | |
Compare with 6.960% APR and 6.875% 30-Year Fixed RATE from Mutual of Omaha Mortgage, Inc.
See All Mortgage Rates |
Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.
The Park Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Branch | Distance | Map | View Lobby Hours |
---|---|---|---|
399.13 | A | View Lobby Hours | |
399.62 | B | View Lobby Hours | |
399.92 | C | View Lobby Hours | |
400.17 | D | View Lobby Hours | |
400.55 | E | View Lobby Hours | |
400.65 | F | View Lobby Hours | |
400.93 | G | View Lobby Hours | |
401.41 | H | View Lobby Hours | |
404.15 | I | View Lobby Hours | |
404.67 | J | View Lobby Hours | |
407.36 | K | View Lobby Hours | |
407.98 | L | View Lobby Hours |
The Park Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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The following ratios and data are available to help you better understand the financial condition of The Park Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
The Park Bank | U.S. Bank Average |
---|---|
0.37% | 4.48% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of June 30, 2024, The Park Bank had $562,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $134,906,000 in equity and $16,244,000 in loans loss reserves. That gives it a Texas Ratio of 0.37%.
The Park Bank | U.S. Bank Average |
---|---|
2.93% | 10.46% |
The Park Bank has a Return on Equity of 2.93% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
The Park Bank | U.S. Bank Average |
---|---|
9.06% | 10.84% |
The Park Bank has a Capitalization of 9.06% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
As of June 30, 2024, The Park Bank had assets of $1,488,383,000, loans of $1,282,708,000, and deposits of $1,162,676,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
ASSETS | |
---|---|
Cash & Balances due from depository institutions | $ 22.24 million |
Interest-bearing balances | $ 7.18 million |
Total securities | $ 129.87 million |
Federal funds sold and reverse repurchase | $ 0.30 million |
Net loans and leases | $ 1,282.71 million |
Loan loss allowance | $ 16.24 million |
Trading account assets | N.A. |
Bank premises and fixed assets | N.A. |
Other real estate owned | N.A. |
Goodwill and other intangibles | $ 4.94 million |
All other assets | $ 26.24 million |
Total Assets | $ 1,353.48 million |
LIABILITIES | |
---|---|
Total deposits | $ 1,162.68 million |
Interest-bearing deposits | $ 894.86 million |
Deposits held in domestic offices | $ 1,162.68 million |
% insured (estimated) | 63.81% |
Federal funds purchased and repurchase agreements | $ 0.04 million |
Trading liabilities | N.A. |
Other borrowed funds | $ 5.37 million |
Subordinated debt | N.A. |
All other liabilities | $ 11.43 million |
Total Liabilities | $ 1,353.48 million |
Shareholders’ Equity | $ 134.91 million |
INCOME AND EXPENSES | |
---|---|
Total Interest Income | $ 33.94 million |
Total Interest Expense | $ 17.91 million |
Net interest income | $ 16.04 million |
Provision for loan and lease losses | $ 0.50 million |
Total non interest income | $ 2.63 million |
Total non interest expense | $ 15.62 million |
Pre-tax Net Operating Income | $ 9.71 million |
The top three loan types in The Park Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.
Compared to other banks, The Park Bank’s loan portfolio does not show any specific loan specialty.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
% Loans |
% Comparison to Other Banks |
|||
---|---|---|---|---|
Low | Med | High | ||
1-4 Family Residential Loans | 17.10 | ✓ | ||
Multifamily Mortgages |
10.43 | ✓ | ||
Credit Card Loans | 0.39 | ✓ | ||
Consumer Auto Loans | 0.07 | ✓ | ||
Small Business Loans | 4.27 | ✓ | ||
Construction and Development Loans | 9.32 | ✓ | ||
Commercial Real Estate | 37.57 | ✓ | ||
Commercial and Industrial Loans | 12.08 | ✓ | ||
Farm Loans | 0.00 | ✓ |
Customer Reviews for The Park Bank
nosnah-nej-erif
January 29, 2022 |
Discriminatory and unfair practices including closing accounts for reasons they so choose of those who are non-caucasion, lower incomes and older in age but do not follow the same guidelines for white, wealthier and younger clients or business clients. I know this as I have a close friend who is white, in her 40's and appears wealthy. She has a personal account and a business account that she consistently overdraws and has had leviess placed on both accounts, but she still is able to overdraw both accounts significantly on a regular basis, and I on the other hand, black woman in my 50's, with a personal account, and credit card, was told I going to have my account closed if I lost my debit card again. I lost my debit card and it was used by someone who found it, so they warned me if I ask for another debit xard to be re-issued in the future due to me losing it, they will close my accounts. I have always maintained a positive balance and have been a customer for several years, but I believe because I am black and mid to lower income, they view me as a risk and do not care if they have my business.
The worst part is I stopped at the Fitchburg Branch and went next door to Starbucks after, where I happened to be sitting at a table next to two women who were wearing branded park bank attire, openly discussing an employee they managed and what things they could do in order to get the employee to quit as well as what methods they could take to find a reason to fire them. I was appalled at what I overheard as they mentioned they just didn't like the employee because they were too concerned over their employee's happiness and challenged their authority by questioning a policy instead of doing what they are paid to do which was to enforce it. They were making jokes about the person's car and the way they talked and dressed. It was disgusting. I closed my accounts the next day and went to a credit union.
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