Bank

MagnetBank 

Address 2825 East Cottonwood Parkway, Suite 180
Salt Lake City, Utah 84121
 
  The following report on MagnetBank of Salt Lake City, Utah, is based on United States government data as reported by MagnetBank to the Federal Deposit Insurance Corporation. Information is current as of 2008-09-30. Asset, deposit and income figures are presented in thousands of dollars.
Return on Assets -8.4% (Period ending 2008-09-30)
Return on Equity -117.1% (Period ending 2008-09-30)
Total Deposits $282578 (1,000)
Total Assets $300674 (1,000)
Equity $15895 (1,000)
Net Income $-24251 (1,000)
   
Branches 1 Branch(es)
Specialization Commercial Lending Specialization
Date Founded 2005-09-29
Website http://www.magnetbank.net
Headquarters
Metro Area Salt Lake City-Ogden-Clearfield, UT
County Salt Lake
Ownership Type Stock Institution (sells stock to raise capital and is owned by the shareholders who benefit from profits earned by the institution)
Bank Charter Commercial Bank with State Charter and Fed Non-Member
Supervisor Federal Deposit Insurance Corporation (Primary Federal regulator responsible for (1) state-chartered banks that are not members of the Federal Reserve System, and (2) state chartered savings banks.)
FDIC Insured MagnetBank is Insured by the Federal Deposit Insurance Corporation (FDIC)
Trust Authority 0
Out of State Offices  
Parent
   
Date Updated 2008-09-30
 
Branches (1 )

Magnetbank, 2825 East Cottonwood Parkway, Suite 180, Salt Lake City, UT 84121

 
 
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