State Farm Bank, Fsb BankRank.org
|Number of Complaints||483 (1 In Progress)|
|Complaints per $100K of Deposits||4.31|
|Complaints Resolved in a Timely Manner||100.0%|
|Resolutions Disputed by Customer||8.6%|
|Complaints Resolved in Customer's Favor||99.4%|
|FDIC Certificate #|
|Number of Branches||1 (0 International)|
|Total Assets||$16.7 Million|
|Total Deposits||$11.2 Million|
|Total Equity Held||$1.8 Million|
|Quarterly Net Income||$-0.0 Million|
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|Other Names (or Trade Names)|
|Deposit Accepted Websites|
† Directly as reported by the bank on Schedule RC-M of the FFIEC Call report, no system edits.
State Farm Bank, Fsb is ranked 267th out of 3,672 banks. That puts State Farm Bank, Fsb in the bottom 35th percentile and gives them an overall grade of "C-". This ranking is based upon customer complaints to the Consumer Finance Protection Bureau (CFPB) and public data about FDIC insured financial institutions. There are 483 complaints against State Farm Bank, Fsb and 979,456 complaints total.
Of the 483 complaints again State Farm Bank, Fsb, there have been 157 in the passed 18 months. Of those 157 complaints, 99.4% have been resolved in the customers favor, 8.6% have been disputed by the customer, and 100.0% have been resolved in a timely manner. The CFPB allows 60 days to resolve complaints before considering them "untimely". Additionally, State Farm Bank, Fsb has $11.2 million is customer deposits which means there are 4.31 complains per $100K in customer deposits.
The statistics and figures above are averaged and ranked. We then compute teach bank's overall percentile based upon these scores. Learn more details about our ranking methodology.
Break-down by Financial Product
Grades are also broken down by financial products offered by each institution. State Farm Bank, Fsb is graded in 0 categories of financial products they offer. The top 3 categories are Credit Card, Mortgage and Bank Account or Service.
State Farm Bank, Fsb is rated
Click here to see Complete State Farm Bank, Fsb Report Card »
State Farm Bank, Fsb was established and FDIC insured in March, 1999. Based on its asset concentration, this institution specializes in commercial lending. State Farm Bank, Fsb has $16.7 Million is assets (96th overall) and holds $11.2 Million is customer deposits (100th overall).
State Farm Bank, Fsb has 1 domestic offices and 0 foreign offices. Click here to see map of all offices.
Below is the list of the top 10 complaint reasons against State Farm Bank, Fsb. Click here to see all complaints against State Farm Bank, Fsb.
|1||Consumer Loan||Vehicle loan||Managing the loan or lease||11|
|2||Credit reporting||Credit reporting||Improper use of your report||10|
|3||Debt collection||Credit card debt||Attempts to collect debt not owed||8|
|4||Credit reporting||Credit reporting||Incorrect information on your report||7|
|5||Mortgage||Other mortgage||Loan servicing, payments, escrow account||7|
|6||Mortgage||Conventional fixed mortgage||Loan servicing, payments, escrow account||6|
|7||Credit card||General-purpose credit card or charge card||Problem with a purchase shown on your statement||5|
|9||Credit card||General-purpose credit card or charge card||Problem when making payments||4|
|10||Bank account or service||(CD) Certificate of deposit||Account opening, closing, or management||4|