Bank of Choice

3780 West 10th Street
Greeley, CO 80634

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 2994
Date Established 1896
Assets $0.95 billion
Loans $0.55 billion
Deposits $0.82 billion
Capital $0.02 billion

Bank of Choice is an FDIC insured institution located in Greeley, CO. It was founded in 1896 and has approximately $0.95 billion in assets.

Closed by FDIC on July 22, 2011 and assets transferred to Bank Midwest.

For a more detailed analysis of Bank of Choice's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Bank of Choice’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Bank of Choice’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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

There are currently no rates available for Bank Of Choice, but see these great savings and CD rates:

1.25% APY Online Savings Account from Ally Bank
1.60% APY 11 Month CD from Ally Bank

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Choice

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Poli Mortgage Group Inc
NMLS ID: 1979
License#: MC-5501
3.875% 3.875% 0.00 $0 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Bank of Choice
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Bank of Choice 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:
Ashburn,Virginia


Bank of Choice Locations

Financial Details

Bank of Choice Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Choice. 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.

Texas Ratio
Bank of Choice U.S. Bank Average
271.94% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Bank of Choice had $92,544,000 in non-current loans and $44,195,000 in owned real estate. To cover these potential losses it had $18,086,000 in equity and $32,197,000 in loans loss reserves. That gives it a Texas Ratio of 271.94%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Bank of Choice U.S. Bank Average
-133.41% 8.58

Bank of Choice has a Return on Equity of -133.41% versus the BestCashCow average of 8.58. 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.

Capitalization
Bank of Choice U.S. Bank Average
1.9% 12.11

Bank of Choice has a Capitalization of 1.9% versus the BestCashCow average of 12.11. 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.

Bank of Choice Balance Sheet Analysis

As of June 30, 2011, Bank of Choice had assets of $954,106,000, loans of $551,122,000, and deposits of $818,670,000. 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.

Frequently Asked Questions About Bank of Choice

Branches and Savings

Is Bank of Choice FDIC insured?

Yes. It is covered under FDIC Certificate #2994.

Why does Bank of Choice pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank of Choice CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank of Choice a commercial bank?

Yes

Where are Bank of Choice locations?

See branch locations nearby.

Is Bank of Choice open on Saturdays?

Is Bank of Choice open on Sundays?

What time does Bank of Choice open?

What time does Bank of Choice close?

Are Bank of Choice ATMs Open 24/7?

Do Bank of Choice ATMs accept cash deposits?

Can Bank of Choice customers use other ATMs?

Do Bank of Choice branches have notaries?

Will Bank of Choice notarize my document?

What address for Bank of Choice should I put for incoming ACH transfers?

Will the Bank of Choice branch print checks?

Do Bank of Choice checks expire?

Does Bank of Choice require US citizenship to open account?

Can Bank of Choice close my account?

Does Bank of Choice Report to credit bureaus?

Does Bank of Choice Use Equifax?

What is Bank of Choice's ACH Routing Number?

What is Bank of Choice's SWIFT code?

Products

Does Bank of Choice offer mortgages?

Compare mortgage rates here.

Does Bank of Choice offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank of Choice offer personal loans?

Compare personal loan rates here.

Does Bank of Choice offer student loans?

Will Bank of Choice cash a check?

Will Bank of Choice redeem a savings bond?

Does Bank of Choice cash savings bonds?

Will Bank of Choice cash money orders?

Can Bank of Choice issue a money order?

Does Bank of Choice do currency exchange?

Background on The Bank

Who owns Bank of Choice?

How long has Bank of Choice been around?

Can Bank of Choice transfer to other banks?

Does Bank of Choice have quick pay?

Does Bank of Choice accept rolled coins?

Will Bank of Choice accept loose change?

Where is Bank of Choice headquarters?

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