The Bank Of Magnolia Company is a bank based in Magnolia, Ohio, established in 1899, with $110 million in total assets across 3 branches. By Trust Grade it ranks 15th of 157 banks we track in Ohio. Its capital ratio of 12.0% is stronger than 73% of similarly sized banks, versus a Ohio median of 10.3%. It was profitable over the most recent period, with a 1.36% return on assets. No consumer complaints against The Bank Of Magnolia Company appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How The Bank Of Magnolia Company compares to Ohio peers
How we graded The Bank Of Magnolia Company
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (12.0% capital ratio)
- Strongly profitable (ROA 1.36%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for The Bank Of Magnolia Company over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (3)
- 122 N Main St, Magnolia, OH 44643
- 10045 Cleveland Ave Se, Magnolia, OH 44643
- 3221 Cleveland Ave S, Canton, OH 44707
Are deposits at The Bank Of Magnolia Company insured?
Yes. The Bank Of Magnolia Company is an FDIC-insured bank (FDIC certificate #2300). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
The Bank Of Magnolia Company: frequently asked questions
Is The Bank Of Magnolia Company a good bank?
The Bank Of Magnolia Company earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (12.0% capital ratio); Strongly profitable (ROA 1.36%).
Is The Bank Of Magnolia Company FDIC-insured?
Yes. The Bank Of Magnolia Company is a FDIC-insured bank (FDIC certificate #2300). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is The Bank Of Magnolia Company?
The Bank Of Magnolia Company holds $110 million in total assets, ranking 15th of 157 banks we track in Ohio. It operates 3 branches.
Does The Bank Of Magnolia Company have CFPB complaints?
No CFPB complaints against The Bank Of Magnolia Company appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
